BIT Research, in a view reported by MarsBit, said the current Bitcoin market is being pressured by several factors at the same time. A hawkish shift by the Federal Reserve, contracting stablecoin liquidity and seasonally light trading activity are all weighing on the market, leaving Bitcoin under pressure above the $60,000 level.
The report identified $62,446 as a key support level now facing a test. In the context of the crypto market, shrinking liquidity refers to weaker capital availability and lower trading activity. Stablecoins are also an important source of market funding, so changes in their liquidity can affect short-term buying strength for Bitcoin.
BIT Research said Bitcoin lacks a clear short-term upside catalyst, while also noting that the market may repeat a bottom-building pattern similar to 2022. If Bitcoin completes such a base under current pressure, the process could help accumulate momentum for the next bull market. For now, attention remains on Bitcoin’s performance above $60,000 and the response around the $62,446 support level.