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

Bitcoin has seen a decline below $93,000, erasing all its gains for the year 2025. The drop, attributed to negative market sentiment and critical support levels being breached, comes as analysts highlight concerns over a potential delay in the Bitcoin four-year cycle. The price decline marked a 2.3% drop from the previous day and approximately 13% over the past week. With trading volume doubling to $114 billion, significant liquidations occurred, totaling $725 million across the crypto market. Analysts at QCP Capital noted the importance of the $92,000 level, which coincides with an unfilled CME gap, suggesting a fragile market outlook. They warned that macroeconomic uncertainties, alongside a slowdown in liquidity, are adding to bearish sentiments in the market. Meanwhile, while narratives typically influence price movements, there is speculation that traders are reacting to expectations of further declines in the market, affecting Bitcoin and other major cryptocurrencies significantly. The ongoing U.S. government shutdown has drained market liquidity, exacerbating the situation.

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