TLDR
- Bitcoin has dropped 12.6% in three days and marks the largest decline since the FTX crash in 2022
- Bitmex founder Arthur Hayes predicts potentially additional case to $ 70,000- $ 75,000 interval
- Critical Support Zone identified between $ 76,000 and $ 65,000
- Trump’s budget decision and roof policy can trigger additional market decay
- Current price amounts to $ 86 227 with emotion affected by lack of promised crypto -initiatives
Bitcoin’s award has registered its most significant three-day decline since the FTX collapse 2022 and dropped 12.6% to resolve to $ 86,227. The decline has led to renewed discussion about market stability and potential levels of support among industry analysts.
The Cryptocurrency market has shown increased volatility in the latest trading sessions, with Bitcoin’s price movement that captures the attention of veteran market observers. Arthur Hayes, co -founder of Bitmex, has shared analysis that indicates the possibility of further price decreases, with goals between $ 70,000 and $ 75,000.
Market data indicates that a cooling phase has begun, characterized by a retracing against liquidity levels before the election. Trade volumes have increased during this period, which indicates active market participation during the price adjustment.
Technical analysis
Technical analysis from Hayes identifies critical demand between $ 76,000 and $ 65,000, which can serve as a strong support area. This range has historically shown purchase interest and can potentially stop further price declines.
Current market dynamics seem closely bound to macroeconomic factors, especially those related to US fiscal policy. Hayes points to upcoming budget decisions and negotiations on debt ceilings as potential catalysts for market movement.
Now chill out, returns and waits. If Trump cannot cope with his budget that spends more and raises debt ceiling, resume capitulation to levels before the Election Day victory $ 75,000 to $ 70,000. This is the test of how strong Trump’s grip is at the Republican Party. pic.twitter.com/sfuq12osiy
– Arthur Hayes (@cryptohayes) February 25, 2025
Trade data from several exchanges show increased sales pressure on spot and derivatives. The volume profile indicates a shift in the marketing entry, with some traders who take winnings from recent meetings.
The pre-election for the election had included potential crypt-friendly policies, including the creation of a national Bitcoin reserve. The lack of immediate measures for these initiatives has contributed to the current market uncertainty.
Market analysts note that the latest price movement represents a natural cooling period after the strong rally that occurred after US election results. Trade patterns indicate that institutional investors re -examine their positions.
Data from Metaera emphasizes that the current decline is ranked as the most significant three-day decline in the Bitcoin Prize since November 2022. This metric has received attention from market players comparing current conditions with previous market cycles.
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The drop of 12.6% that was observed during the first three days of the week (per UTC hour) marks the biggest decline since FTX … pic.twitter.com/senufy8s2v
– metara (@metarahk) February 27, 2025
Short -term price measures show consolidation around the level of $ 86,000, with technical indicators that indicate over -sold conditions on lower time frames. The trade volume has remained increased throughout the price decline.
Metricians on the chain indicate that long -term holders have largely maintained their positions during this decline. Wallet analysis shows minimal movement from addresses that have held bitcoin for more than a year.
Switchflow data reveals increased inflows during the first stages of price decline, indicating that some traders moved to safe profits. However, outflow numbers have begun to stabilize, indicating potential accumulation at current levels.
Derivate markets have shown increased activity, with options open interest rates that reach new heights for the year. Put/conversation conditions suggest that traders secure positions while maintaining the overall Hausse feeling for longer time frames.
Analysis of the market structure indicates that despite the recent declineBitcoin maintains its position above important variable average values on higher time frames. Technical support levels have been formed around previous resistance zones.
The latest trade data shows the Bitcoin holding of $ 86,227, with a 24-hour trade volume exceeding $ 45 billion over major exchanges. Market depth metrics strongly indicate bid support at current levels.
