Bitcoin holds $82K as analyst sees limited selling pressure despite macro risks

Bitcoin’s recent decline has not undermined its broader recovery prospects, as reduced leverage and easing selling pressure suggest the market remains structurally healthy, according to Yusuf Fakhro, partner at ARP Digital. Bitcoin is trading near $82,700 after recovering from a recent drop below $80,500, outperforming Ethereum and the broader altcoin market despite ongoing macroeconomic uncertainty. The leading crypto asset fell from approximately $86,000 before stabilizing in the low $80,000 range, as weakness in technology stocks and elevated Treasury yields weighed on investor appetite for risk assets. Fakhro attributed the decline primarily to broader macroeconomic pressures rather than crypto specific factors in commentary shared with Crypto Briefing, noting that Bitcoin’s correlation with the Nasdaq has climbed to its highest level since June. Despite the downturn, Bitcoin outperformed Ethereum and the wider altcoin market, finding support near the average acquisition price of spot Bitcoin exchange traded fund investors. Lower leverage supports Bitcoin’s recovery Fakhro said derivatives market conditions suggest Bitcoin has absorbed recent selling without experiencing a majo...