The bitcoin (BTC) market appears to be going through a pause rather than a setback. Between volatility and expectation, the voices of veteran analysts agree on one point: the fundamentals of the digital asset remain firm, even in the midst of the correction.
«BTC liquidity is beginning to recover. If this recovery continues, the price is usually confirmed approximately two weeks later,” affirms on-chain analyst Willy Woo, referring to recent data on the behavior of flows in the bitcoin markets.
In the following graph shared by Woo you can see how BTC liquidity begins to recover. According to this model, said recovery and the movement of the asset’s price It tends to manifest itself with a delay of around 14 days.
For his part, Blockstream co-founder Adam Back adopted an optimistic tone in the face of the recent market correction.
Message from permanent bitcoin optimists: the all-time high was $126,100 and the recent local drop was 21%. Broaden your look! In previous bull cycles there were a dozen declines of 30% to 35%. We are now 17.7% from the all-time high, and 4.7% up in 18 hours. Zoom in, and then zoom in a little more. Buy and hold.
Adam Back, co-founder of Blockstream.
The Salvadoran analyst Jaime Merino agrees with this vision and defines the current moment as a point of strategic accumulation.
In statements to CriptoNoticias, he explains that “we are in a zone of controlled opportunity, not panic.” He adds that “BTC cycles tend to have 20–30% corrections within broader uptrends, and that is what we are seeing now.”
Merino also highlights that as long as the price remains above $99,000, “the structure remains positive and could serve as a strategic accumulation point before a new bullish stretch towards $125,000–147,000.”
A more cautious tone
At the institutional level, the investment firm Galaxy adopted a more cautious tone. The company lowered its 2025 bitcoin price forecast from $185,000 to $120,000, citing several adverse factors. and lower price volatility due to passive investment flows towards exchange-traded funds (ETFs) and financial institutions.
According to Alex Thorn, director of research at Galaxy, “factors such as the massive sale of 400,000 bitcoin by whales in October, along with the rotation towards other investment narratives such as gold, artificial intelligence and stablecoins, in addition to leveraged liquidations, have slowed the price of BTC,”
“Bitcoin has entered a new phase, what we call the ‘age of maturity,’ where institutional absorption, passive flows and lower volatility predominate,” Thorn said. “If bitcoin can maintain the $100,000 level, we believe the nearly three-year bull market will remain structurally intact, although the pace of future gains may be slower,” he warned.
The different perspectives agree on one point: despite the recent correction and lower volatility, BTC’s technical and liquidity structure continues to show resilience. The signal observed by Woo could anticipate a short-term recovery, while the general consensus points to a consolidation which marks the step towards a new stage of maturity in the market.