Bitcoin Drops Below $93,000, Erasing All 2025 Gains
Bitcoin fell below $93,000 on Monday, wiping out all gains made in 2025, according to CoinGecko data. In the last 24 hours, BTC dropped 2.3%, while over the past week it lost approximately 13%. Trading volume surged to $114 billion, according to CoinGlass.
The market recorded $335 million in liquidations of Bitcoin derivatives, bringing total crypto market liquidations to $725 million in the past 24 hours. QCP Capital highlighted that the break below the 50-week moving average and the weekly close under $100,000 for the first time since May signals a more cautious sentiment across digital asset markets.
Analysts note that the $92,000 level represents critical support and coincides with an unfilled CME gap, which could allow a short-term technical rebound. However, low liquidity and macroeconomic uncertainties limit a rapid recovery. The market remains fragile, as perceptions about the end of Bitcoin’s four-year cycle continue to drive bearish sentiment among investors.
