The crypto market has been witnessing a significant slump in recent weeks, with Bitcoin slumping below $94,000 and the total market cap below $3.25 trillion.
Whale activity signals uncertainty in the crypto market, with a decline in large BTC transactions and funds inflow in the last 30 days.
Bitcoin's price slumps in January of post-halving years is a tradition, with historical patterns showing similar dips and subsequent rallies.
Crypto market analysts remain optimistic about the industry's prospects, citing mass adoption, crypto-friendly policies, and institutional interest.