Bitcoin has pulled back from its recent all-time highs, dipping to around $122,000, a drop of roughly 3 % from its peak. Major altcoins such as XRP, DOGE, and ADA also fell between 4 % and 5 % as the market cooled off after weeks of strong gains.
Analysts suggest the correction may be a healthy breather, as inflows into Bitcoin ETFs and derivatives recently hit record levels, indicating an overheated rally. Some traders expect a potential dip toward $118,000–$120,000 before the market regains strength.
Despite short-term volatility, the broader sentiment remains cautiously bullish, with long-term holders continuing to accumulate and macro trends still supporting the crypto sector.
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Bitcoin Dips to $122K as Crypto Rally Gets Overheated — What Next?