Sygnum CIO says bitcoin may decline in the short term due to liquidity pressures

Sygnum Bank CIO Fabian Dori stated that the recent bitcoin pullback is mainly driven by liquidity pressure rather than structural issues in fundamentals. Market sentiment is in an extremely fearful state, which may lead to further volatility and downside. Dori believes that improvements in macroeconomic data, growth in stablecoins, and institutional adoption provide support for a long-term positive outlook.