Bitcoin has started to stabilize after a heavy wave of selling, with on-chain analyst Willy Woo saying the intense investor-driven sell-off has largely run its course. In his view, the market may now spend about one month trading sideways in a relatively tight range. He also said Bitcoin could rebound toward the mid-$70,000 area, though resistance may make it difficult to hold higher levels.
Over the past three weeks, Bitcoin has moved between $60,000 and $70,000, at times slipping below $67,000. Woo expects prices to stay within those boundaries in the near term. The selling has cooled, but the market is not on firm footing.
Weak liquidity remains a problem for price momentum
Woo said one of the biggest obstacles to a stronger move higher is continued liquidity weakness. Both spot and futures market liquidity have fallen sharply, and under those conditions Bitcoin has historically struggled to produce sustained rallies. The point is simple: there is less depth in the market than before.
He also linked the fragile backdrop to broader macro uncertainty. While favorable macro trends have supported Bitcoin since its early years, he warned that a major shift could put the $30,000 support level back in focus. A prolonged decline toward $16,000 would create serious risk for Bitcoin’s underlying structure, making those levels important markers for market health.
Bitwise sees a standard crypto winter, not a deeper crisis
Matt Hougan, chief investment officer at Bitwise Asset Management, said the recent sell-off was driven mainly by large investors closing positions. He pointed to capital rotation into AI projects and concerns tied to technologies such as quantum computing as factors behind the pressure. In his assessment, the current phase looks more like a typical crypto winter than a broader market breakdown.
Major banks widen Bitcoin ETF access
Even with prices under pressure, institutional demand for Bitcoin exposure is rising. The report says Morgan Stanley and Bank of America have started offering Bitcoin ETF products to wealthy clients, adding a fresh source of momentum to the market. Industry projections cited in the article put total assets under management at $220 billion by the end of 2026.
A report from financial services firm River described 2025 as a breakthrough year for Bitcoin adoption among institutions and governments. It said institutional buying has picked up even while prices remain subdued. That leaves the market balancing two forces at once: weak liquidity and macro risk on one side, and steady institutional inflows on the other.