skip to content

Understanding Bitcoin's Recent Correction & What Comes Next

In this week's Trading Take, Beimnet Abebe from Galaxy Trading joins Alex Thorn to provide insights on the recent Bitcoin market correction. Last week, Bitcoin approached the $100K mark but experienced a significant pullback to $91.5K. Beimnet discusses this healthy market correction, driven by overly stretched market positioning and the digestion of recent positive news, including ETF launches and Trump administration policies. He also explores how these fluctuations align with broader economic indicators and future expectations. Dive into a detailed analysis of market responses, institutional behaviors, and Bitcoin’s resilience as it flirts with record highs. Listen to the full episode here.

You are leaving Galaxy.com

You are leaving the Galaxy website and being directed to an external third-party website that we think might be of interest to you. Third-party websites are not under the control of Galaxy, and Galaxy is not responsible for the accuracy or completeness of the contents or the proper operation of any linked site. Please note the security and privacy policies on third-party websites differ from Galaxy policies, please read third-party privacy and security policies closely. If you do not wish to continue to the third-party site, click “Cancel”. The inclusion of any linked website does not imply Galaxy’s endorsement or adoption of the statements therein and is only provided for your convenience.