After a severe sell-off, Bitcoin (BTC) has stabilized around $91,500. Pseudonymous crypto market analyst Axel Bitblaze has now found that the asset’s latest decline appears to be forming the pattern seen in the first quarter of 2025, when the asset topped in January and fell 17% while the S&P 500 continued to hit new highs.
At the time, he noted that many believed Bitcoin was simply cooling off. However, four weeks later, the S&P 500 also peaked, and both markets plunged in tandem, which ended up triggering a six-week stretch in which BTC dropped 25% and the index slid 21%.
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