Crypto Faces ‘More Turbulence’ Due to Macroeconomic and Global Concerns, Analysts Warn

According to analysts at Santiment, the cryptocurrency market may continue to face significant turbulence due to a combination of macroeconomic factors and global uncertainties. Bitcoin and altcoins are particularly vulnerable in the short term as broader economic concerns, including trade tensions and U.S. policy, influence market sentiment.

The report highlights that Bitcoin has been experiencing a downward trend for seven consecutive weeks, with its price falling from its all-time high of around $109,000 in January to as low as $78,000. This decline has been largely attributed to profit-taking by large Bitcoin holders, who began selling off their positions in mid-February. Santiment notes that even after these high-cap Bitcoin wallets started buying again in early March, the price has continued to struggle.

Macroeconomic concerns, particularly trade tensions tied to U.S. policies and the potential for an escalating trade war, are adding to the market’s uncertainty. Traders are also concerned about Trump’s tariffs, which could further exacerbate volatility in both the equity and crypto markets. As these concerns grow, Santiment suggests that the crypto market could face more turbulence ahead.

Moreover, social media discussions are reflecting growing expectations of a further price drop, with many predicting Bitcoin’s price could dip to the $69,000-$50,000 range. Altcoins have been hit even harder, with Ethereum falling 29%, Solana dropping 40%, and Dogecoin losing 38% of its value over the past 30 days.

However, despite the ongoing downturn, Santiment points out that long-term holders of Bitcoin seem to be accumulating again, which could indicate a potential rebound. The market might start recovering when major Bitcoin holders resume their purchases, traders who have already incurred heavy losses show signs of capitulation, and fear and uncertainty are widely reflected across social media platforms.