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

Bitcoin has fallen below $93,000, erasing all gains made in 2025 for the first time in nearly seven months. Analysts point out that breaking below the 50-week moving average has created bearish sentiment, compounded by concerns over a potentially delayed cycle. With BTC recently trading at $92,123, the price dropped 2.3% in one day and approximately 13% over the past week. The trading volume surged to $114 billion, with $335 million in derivatives contracts liquidated in the past day. Experts believe that the U.S. government shutdown has negatively impacted asset markets, including crypto, by increasing the Treasury General Account. The $92,000 mark is considered a critical support level, highlighting potential for a technical bounce despite rising uncertainties. Many traders anticipating continued price declines may contribute to the current downward trend, as Bitcoin, Ethereum, and several altcoins have recorded significant losses. Lastly, traders are now speculating a 63% chance that BTC could drop to $85,000, further illustrating the fragile state of the market.

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