Bitcoin adjustment continues for a long time as US investors refrain from buying… a buying opportunity

Bitcoin (BTC) is in the $94,000 range and is in a period of adjustment. At 10 a.m. on the 24th, the Bitcoin price based on CoinMarketCap was 100% lower than the same time the previous day.
The price rose 0.12% from the previous day to $94,477. Bitcoin is a result of the Federal Reserve's hawkish interest rate cut and a correction sell-off due to profit realization.
The price has been adjusting since the 19th. It fell to the 92,000 dollar range in the early hours of the same day, but quickly recovered.
The decline in buying by U.S. investors is also reflected in the index.
"MAC_D," a contributor on X, revealed that "the Coinbase Premium indicator has fallen to -0.221%."
This is a coin with more users in the United States than Binance, which has many users around the world.
"This means that Bitcoin is trading cheaper on a base level, suggesting that buying pressure from U.S. investors has decreased. However, this is likely a temporary phenomenon," he said.
"In the past, this phenomenon was temporary during bull markets, and rather, buying flowed in as an opportunity," he emphasized. "If the current situation is not the end of the bull market, it will be the end of the bull market in the near future."
It is likely to form a lower low and then bounce back," he added.