➡️📊⬅️Will Bitcoin Price Recover When the US Govt. Opens?

✅Bitcoin price declines amid U.S. government shutdown and uncertainty.

✅BTC Price hovered below $105k following the crypto market corrections.

✅On-chain Data Given bearish momentum, a time-lagged recovery may be predicted.

🌟Important Points

1️⃣Bitcoin price continued its downward slide below $105k on Tuesday, extending a bearish trend that has plagued the market. In the last 24 hours, Bitcoin saw a 4% decline, pushing its weekly losses to 10%.

2️⃣Risk-off sentiment in the equity market has also contributed to the crypto market crash. This decline comes after a series of liquidations in the cryptocurrency markets, which also adds to the general bearish mood.

3️⃣Bitcoin Price Struggles Amid U.S. Govt. Shutdown and Liquidity Freeze.

4️⃣The current U.S. government shutdown, which has already reached its second month, is also having a major impact on financial markets, with Bitcoin being under certain pressure.

🌟Key Highlights

✅The Congressional Budget Office estimates that the shutdown would slow U.S. GDP growth by a maximum of 2% in the fourth quarter of 2025, costing the economy between 7-14 billion in economic output. It is not fiscal uncertainty alone that the market is struggling with; it is a severe freeze in liquidity, and this is showing up in the on-chain metrics of Bitcoin. Bitcoin Exchange Reserves on the Rise Amid Market Uncertainty

✅According to on-chain data provided by CryptoQuant, the reserves of Bitcoin exchanges have risen for the first time in six weeks, indicating that investors are reinvesting coins on exchanges. This is a common indicator of either risk-taking or risk-reduction, and traders can be anticipating market volatility.

✅Moreover, the reserves of minerals are now the lowest since mid-2025, which means that miners might be selling Bitcoin to meet the costs of the operation since there are no longer energy subsidies and tax credits due to the shutdown.

✅Stablecoin Surge Reflects Shift to Safe-Haven Assets In addition to these developments, exchange withdrawals of stablecoins have soared to record highs, as investors rush to find the safety of dollar-backed assets.
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