Bitcoin (BTC) price reached an all-time high of $126,000 (USD) three months ago, intensifying the correction seen since then. Today, the number of people fell below 80,000, a level that has not been touched for more than eight months since April 2025.
movement Expectations grow that a bear market has begun and could deepen further. $80,000 acted as support yesterday and during the decline two months ago, so today’s decline indicates weak demand.
After the breakout, Bitcoin quickly fell to $75,000. Prior to this, Bitcoin had rarely fallen below 80,000 since surpassing this level for the first time ever in November 2024, just one year ago.
The only time Bitcoin has ever lost $80,000 was for a short period of time. From March to April last year. As you can see below, the lowest price at the time was $74,000.
In this sense, the market could test that level as support if the selling pressure continues, according to the technical analysis reported by CriptoNoticias. However, when this is more severe, lower points come into play, such as the consolidation zone between 49,000 and 73,000 that was predominant before exceeding 80,000.
Powerful clearing in futures markets
The fall in Bitcoin caused the cryptocurrency to fall and wreaked havoc on the futures market. caused $2.3 billion in liquidations The rise of crypto assets was expected to lead to an increase in leveraged positions.
This drop is the biggest since October, when Bitcoin prices fell from all-time highs. However, the amount at the time was significantly higher at $16.783 billion.
situation It comes amid growing concerns about greater risk aversion. Due to the Trump administration’s tariff threats and geopolitical tensions.
