The price of Bitcoin has fallen nearly 15% from this week's historical high, as the hawkish signals from the Federal Reserve prompted traders to sell off Bitcoin. Bitcoin dropped 5% during the day to $92,600, while earlier this week it reached a historical high just above $108,000. Smaller tokens like Ether and Dogecoin have faced even greater pressure, and stock markets in Asia and Europe also experienced declines. Data shows that on Thursday, a batch of US Bitcoin ETFs ended a 15-day streak of inflows, recording an outflow of $0.68 billion, highlighting a shift in market sentiment. QCP Capital stated that positions have become "overly bullish," making digital assets susceptible to changes in the Federal Reserve's tone. Hani Abuagla, a senior market analyst at XTB, indicated that the interplay between monetary policy, institutional adoption, and political circumstances suggests that in 2025, Bitcoin will still be sensitive to the macro environment and specific catalysts.