Bitcoin Just Erased All of Its 2025 Gains—And the 'Picture Remains Fragile', Says Analyst

Bitcoin has wiped out all gains from 2025, dipping below $93,000 for the first time in nearly seven months, alongside a significant loss of 13% in the past week. Analysts note that breaking below key support levels, particularly the 50-week moving average, is contributing to a cautious market sentiment. Approximately $335 million in Bitcoin derivatives were liquidated in one day, lifting total market liquidations to $725 million. The decline has been exacerbated by macroeconomic factors, including a recent U.S. government shutdown that drained liquidity from asset markets. Despite traders facing bearish sentiment over a potentially delayed Bitcoin four-year cycle, the $92,000 level remains a critical support area, suggesting opportunities for a potential rebound. However, ongoing uncertainties in the macroeconomic landscape and dense overhead supply may limit any recovery efforts before the end of the year.

Source 🔗