Bitcoin holds $82K as analyst sees limited selling pressure despite macro risks
ARP Digital partner Yusuf Fakhro tells Crypto Briefing that reduced leverage and easing selling pressure leave Bitcoin structurally healthy despite macro risks.
Crypto Briefing built its analysis of Bitcoin’s recent decline around commentary from ARP Digital partner Yusuf Fakhro, who argued that reduced leverage and easing selling pressure leave the market structurally healthy.
Fakhro attributed the move primarily to macroeconomic pressure rather than crypto-specific factors, noting that Bitcoin’s correlation with the Nasdaq has climbed to its highest level since June. On derivatives positioning, he pointed to funding rates at their lowest since June and open interest at five-month lows - evidence, in his reading, that traders had already reduced leveraged exposure before the decline, lowering the risk of forced selling in any further volatility. He identified the Federal Reserve’s upcoming decision as the next test.
