[Crypto Market Trends] Bitcoin drops to $95,000, US regulatory uncertainty triggers correction, analysts say "Correction is a buying opportunity"

Source: BlockMedia Original Title: [Market Update] Bitcoin reaches $95,000 amid US regulatory uncertainty… “Corrections are buying opportunities” Original Link: On the 16th, Bitcoin experienced a broad correction due to regulatory uncertainty in the US.

According to statistics, at 8:30 AM that morning, Bitcoin on domestic digital asset exchanges fell 0.88% from the previous day at 9:00 AM, quoted at 141 million Korean won. A leading global exchange quoted a drop of 1.49% to $95,528. At the same time, Ethereum declined 1.29% to $3,311, and XRP dropped 2.77% to $2.08.

According to CoinGlass data, Bitcoin liquidations in the past 24 hours reached $83.22 million (approximately 122.3 billion KRW), with about 80.5% being long (buy) positions. The total liquidation volume in the digital asset market was $334.82 million (approximately 492.2 billion KRW).

This correction coincides with the postponement of US digital asset regulation discussions. On the 15th (US local time), the US Senate Banking Committee announced the delay of the review process for the CLARITY Act amendment. Chairman Tim Scott of the Senate Banking Committee stated that ongoing dialogues are being held with industry leaders, financial sector representatives, and Democratic and Republican lawmakers, all maintaining good faith at the negotiation table, leading to the decision to postpone the originally scheduled discussion of the CLARITY Act on the 15th. The core content of the bill includes defining whether digital assets are securities or commodities, and granting regulatory authority over the spot digital asset market to the Commodity Futures Trading Commission (CFTC).

Previously, a compliant platform publicly opposed the clause in the bill regarding restrictions on stablecoin yields. On the 15th, CEO Brian Armstrong stated via X that after reviewing the Senate bill draft over the past 48 hours, they could not support the current version, and pointed out that “it’s better to have no bill than a bad one.” This clause aims to prohibit digital asset service providers from paying interest or other rewards to stablecoin holders. Armstrong criticized that this clause was inserted by traditional banking interests to exclude stablecoins, which are strong competitors, from the market.

However, based on continuously improving economic indicators, the overall market preference for risk assets is recovering. QCP Capital analysis suggests that if precious metals continue to attract capital as a hedge against currency devaluation, Bitcoin’s relative value will be highlighted, and digital assets may re-attract funds. The firm further noted that the Supreme Court tariff ruling and issues related to Venezuela and Iran could escalate further, but from recent price trends, much of this has already been reflected in the market. Unless there is a major shock, the correction phase can still be viewed as a buying opportunity.

Additionally, according to a report by Hut Ding Research, considering factors such as declining interest rates, the expansion of global broad money (M2), and the institutionalization expectations brought by the CLARITY Act, the firm set a target price of $185,500 for Bitcoin in the first half of 2026.

The digital asset market investor sentiment indicator — the Alternative Fear & Greed Index — recorded a value of 61 today, up from 48 the previous day. The index approaches 0 when fear is dominant and approaches 100 when greed is dominant.