Analyst: Bitcoin volatility is only caused by short-term investors taking profits and fleeing, and the overall trend remains healthy

Mars Finance News: Bitcoin fell to slightly above $101,000 last night and subsequently rebounded to over $104,000. Altcoins performed relatively weaker, experiencing a widespread decline. Ruslan Lienkha, market manager at YouHodler, stated that the current pullback appears to be a correction within a larger medium-term upward trend. After the US-China tariff extension, stock market momentum weakened, and short-term traders began locking in profits. This sentiment shift has spread to higher-risk assets, including Bitcoin. Kirill Kretov, trading automation expert at CoinPanel, noted that price fluctuations below 5% are typically considered market noise. Part of this volatility might be due to profit-taking, as traders realized gains after recent increases. Due to thin liquidity, even small sell-offs can quickly transform into noticeable pullbacks. Disregarding short-term fluctuations, the overall price trend seems healthy, with no obvious signs of an imminent peak. Vetle Lunde, senior analyst at K33 Research, stated that BTC just emerged from one of the longest periods below neutral financing rates, signaling a defensive positioning. This resembles patterns from October 2023 and October 2024, significantly different from past market price trends near peaks. He optimistically believes that BTC's breakthrough of $100,000 without a bubble has paved the way for potential new highs. According to Steno Research, cryptocurrency tailwinds stem from hidden private credit expansion, especially in the US and Europe. Forward-looking indicators predict global financial conditions will improve in summer, primarily driven by US dollar weakness.