CryptoQuant: Bitcoin may fall to $72,000 by the end of the year.

According to a report by The Block, Julio Moreno, the research director at on-chain analysis company CryptoQuant, stated that if Bitcoin fails to hold the $100,000 support level, the price could fall to $72,000 within 1-2 months. Currently, Bitcoin has fallen below $100,000, trading at around $100,800, with a decline of over 5.2% in the last 24 hours. Since the largest liquidation event in crypto history on October 10 (where over $20 billion in leveraged positions were liquidated), market demand has continued to shrink, with negative fund flows for U.S. ETFs and overall market sentiment turning bearish. Despite short-term pressure, analysts believe that the long-term trends of ETF inflows and institutional adoption remain strong.