Bitcoin price analysis: BTC long-term bull case remains, says Fabian Dori

CoinDesk

by Will Canny

March 3, 2026

AI-Generated Deep Dive Summary

Bitcoin’s price remains volatile as a short-term liquidity squeeze impacts the cryptocurrency market, according to Fabian Dori, Chief Investment Officer at Sygnum Bank. While prices could fall further in the near term due to reduced sentiment and liquidity constraints, Dori maintains that the long-term bullish case for Bitcoin remains intact. He attributes the current market weakness to a combination of macroeconomic factors, including U.S. Treasury issuance practices, which have sapped liquidity from markets, affecting crypto more significantly due to its inherent liquidity sensitivity. The cryptocurrency market has been grappling with several challenges since June 2023, including increased U.S. Treasury balances and fluctuating ETF flows. These issues have led to heightened volatility and a decline in market depth, exacerbated by geopolitical tensions and shifting risk appetites. Despite these headwinds, Dori emphasizes that the long-term fundamentals of Bitcoin remain strong, driven by improving macroeconomic data and ongoing institutional adoption. In the short term, crypto markets are vulnerable due to thin liquidity and speculative pressures, but Dori cautions against comparing this period to the 2022 market crash. He highlights current regulatory clarity and institutional strength as key differences from that time, suggesting that the ecosystem is resilient despite temporary stress. Investors should note that while Bitcoin’s price may face downward pressure in the near term, the long-term narrative of crypto as a store of value remains unaltered. This analysis underscores why understanding Bitcoin’s market dynamics is crucial for investors. While short-term fluctuations can be unsettling, the broader context of improving macro conditions and institutional confidence points to sustained growth in the cryptocurrency sector. This insight is valuable for those navigating the volatile yet promising landscape of digital assets.

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Originally published on CoinDesk on 3/3/2026