Bitcoin took a major dive recently, breaking through a price barrier that had held since early February. After weeks of sideways trading, the price dropped below $90,000, causing a market panic.
Panic Selling: A Record Sell-Off
This drop has everyone wondering if a bear market is on the way. The selling is intense, and it’s clear many investors are worried. Analyst Axel Adler’s data shows a huge sell-off: a whopping 79,300 BTC were sold at a loss in just 24 hours – the biggest sell-off of 2025 so far! This is a major sign of panic selling.
What’s Next for Bitcoin?
Experts are split on what this means. Is this just a temporary dip, or the start of a longer downturn? The next few days are crucial. Bitcoin needs to find some support soon. If it can’t bounce back, we could see prices fall even further.
Price Plummets Below Key Support
Bitcoin is currently trading below $90,000, having broken through important support levels. It even touched the 200-day EMA (a key long-term indicator). If it can’t hold above this, things could get worse.
Bulls (those betting on rising prices) need to push Bitcoin back above $90,000 and then $95,000 to show they’re still in control. Failure to do so could mean a much deeper correction. The market is definitely leaning bearish right now, and Bitcoin needs a strong recovery soon to avoid further losses. The next few days will be critical.
