[Analysis] "Bitcoin Sentiment Weakens as U.S. Eases Monetary Policy Prospects Decline"

Opinions have emerged that the sentiment in the cryptocurrency market, including Bitcoin (BTC), has weakened as Jerome Powell, the chairman of the U.S. Federal Reserve, expressed a cautious stance on easing monetary policy.

On the 20th (local time), Bloomberg reported, "Bitcoin is showing a decline of over 10% as sentiment wanes due to the reduced possibility of U.S. monetary policy easing after hitting an all-time high this week."

Bitcoin hit a high of $108,000 earlier this week and has now fallen to $93,000, while major altcoins like Ethereum (ETH) and Dogecoin (DOGE) have recorded even larger declines.

In the Bitcoin (BTC) spot ETF market traded on the U.S. stock exchange, a 15-day inflow streak has ended with an outflow of $680 million, indicating a complete shift in market sentiment.

Chris Weston, head of research at Pepperstone Group, explained, "It's a time for caution in Bitcoin trading in the short term," adding, "The momentum for price fluctuations is clear. Buyers have lost control over the flow."