Bitcoin (BTC) plummeted below the key psychological support level of $100,000, hitting a low of $98,892 for the first time since June 2025. The drop triggered over $1.8 billion in liquidations of leveraged positions. Warnings had already been issued about a potential fall to $72,000, citing weakening demand and bearish market sentiment.
This drop represents a pullback of over 20% from the all-time high of $126,000 reached in October. The impact spread throughout the entire market, with the GMCI 30 Index falling over 9% in one day. Analysts like Gerry O’Shea of Hashdex attribute the massive sell-off to profit-taking by long-term holders and fears of tighter monetary policy, reflecting global “risk-off” pessimism.
Following the crash, Bitcoin is experiencing a slight recovery, trading around $101,730. The market is closely watching whether the cryptocurrency can stabilize above the $100,000 level. If this support fails, technical analysts like Captain Faibik warn that the price could seek lower targets, situated between $72,000 and deeper support near $55,000 in the coming months.
Source: https://www.coinglass.com/LiquidationData
Source: https://coinmarketcap.com/currencies/bitcoin/
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