Opinion: Bitcoin is unlikely to replicate the momentum it showed in January when it hit a new high.

According to Odaily Planet Daily, 21Shares co-founder Ophelia Snyder stated that the current market downturn is almost unrelated to "any cryptocurrency-specific factors," but Bitcoin is unlikely to rise again early next year.

Snyder stated that the current low volatility drivers are unlikely to dissipate completely in the short term, and whether January will see a repeat of the early-year rally will heavily depend on broader market sentiment. She explained that January typically sees "new inflows" into Bitcoin ETFs as investors rebalance and adjust their portfolios at the start of the year. Bitcoin entered a downward trend after climbing to its current high of $125,100 on October 5th, following a $19 billion crypto market liquidation on October 10th. According to CoinMarketCap, Bitcoin is currently trading at $92,150, down nearly 10% in the past 30 days. She remains bullish on Bitcoin in the long term, believing the recent pullback is a reaction to broader market risk aversion. She pointed to factors including the expansion of ETFs on major platforms, increased government adoption, and rising demand for a store of value beyond gold, all of which could drive further Bitcoin gains.