BITCOIN 💲 plunged 6.4% to $83,383, its lowest level since November 2025, as capital rotated into gold ($5,600/oz) and silver ($120/oz). The selloff wiped out $319M in liquidations, with 97% of call options expiring out-of-the-money, signaling a sharp shift in market sentiment.
📉 Key Drivers of Today’s Collapse:
ETF Outflows: Five straight days of Bitcoin ETF withdrawals totaling $1.137B.
Capital Rotation: Investors moving into precious metals amid stronger returns.
Geopolitical Tension: US rare earth tariffs spike crypto volatility.
Fed Uncertainty: Rates held at 3.50%-3.75%, leaving traders cautious.
Bearish Options Positioning: Heavy call option losses indicate further downside risk.
⚡ Technical Snapshot:
RSI slipping toward 35 (near oversold)
MACD showing bearish crossover
Trading 20% below 200-day EMA, testing consolidation support
Short-term target: $74K
Ultra-bearish scenario: $52K if current trend continues
The crypto market is bleeding, with 90 of the top 100 coins in the red. Analysts warn: unless Bitcoin reclaims $98K–$100K, further downside is likely.
💡 Bottom line: This is a critical test of support. Traders are cautious, capital is fleeing to safer assets, and the next few sessions could decide whether Bitcoin rebounds or heads lower.$BTC
#Bitcoin #BTC #cryptocrash #CryptoNews #MarketAlert $ETH
