Bitcoin Drops to $86K as Market Fear Grows
The Most Important Points at a Glance
Bitcoin has dropped to $86,000 USD – the steepest quarterly decline since August 2024. While short-term investors are realizing losses, large market participants (so-called “whales”) are taking the opportunity to buy more. Technical indicators suggest that Bitcoin is oversold, but a quick recovery remains uncertain.
Bitcoin Falls to $86,000 USD – Market in Extreme Fear
On February 25, 2025, Bitcoin (BTC) hit a new three-month low at $86,000 USD. This represents a decline of approximately 20% since August 2024. The market appears nervous as Bitcoin has broken through key support levels.
The Relative Strength Index (RSI), a technical indicator used to assess overbought or oversold market conditions, signals that Bitcoin is heavily oversold. However, there is no guarantee of a quick recovery.
Whales Accumulate Despite Falling Prices
Despite the sell-off, large investors are taking the opportunity to buy more. Data from CryptoQuant shows that on February 24, 26,430 BTC were transferred to wallets associated with over-the-counter (OTC) transactions and long-term holders.
In contrast, short-term investors (holding period under 155 days) sold 27,500 BTC at a loss in the past 24 hours. These opposing trading strategies highlight a critical market phase: while institutional investors are accumulating, short-term traders are under pressure.
Key Support and Resistance Levels
Bitcoin is currently trading at around $88,215 USD after falling 1.27% in the past 24 hours. Market sentiment has dropped to its lowest level in five months and is classified as “extreme fear.”
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For a recovery, Bitcoin would need to break through the resistance level of $97,927 USD. However, if selling pressure continues, the price could drop below the critical support level of $86,110 USD.
Our Assessment
The current market situation reflects clear uncertainty. While short-term investors are realizing losses, institutional investors are betting on a long-term recovery. The key question is whether Bitcoin will attract enough buying interest to halt the downtrend. Otherwise, a further correction is likely.
Sources: CryptoQuant, CoinMarketCap, Binance
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $85,366.00 |
| 24h % | -3.79 % |
| 7d % | -12.16 % |
| 30d % | -17.06 % |
| 60d % | -10.10 % |
| 1y % | 52.98 % |
| Market Cap | $1,692,755,432,290.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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