Bitcoin’s (BTCThe price of the, which had a strong start in 2014 has now dropped to an all-time low. It is currently trading below $84,000. Analysts saw this as part a wider corrective phase and not a structural collapse, with aggressive futures deleveraging driving the move rather than sustained sales in spot markets.
Takeaways from the conference:
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BTC dropped to $83,600. It trades at the bottom of the 10 week consolidation range, which has been its cap since Q4.
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The Bitcoin Taker Sell Volume spiked at $4.1 billion in just two hours. This suggests that futures flows are driving the flow, rather than spot sales.
BTC reaches new lows after futures liquidations
Bitcoin’s latest decline keeps it trapped in the same 10-week price range, which has defined its action since November 17,2025. The weekly closing prices are limited to between $94,000-$84,000. This structure is being put to the test again, as BTC is trading near levels seen last in early December. If buyers do not defend their current support then a further move could occur.
During the New York session, selling pressure increased. Bitcoin fell nearly 4,4% from $88,000 to $83,600. This move erased $570 in long positions and showed how heavily leveraged the markets were before the drop.
CryptoQuant showed that pressure was both concentrated and aggressive. In two hours, the volume of Bitcoins sold by takers jumped to $4.1 billion across all exchanges.
Lookonchain is a tracker for Onchain. highlighted Note:
“The market just crashed, and #BitcoinOG (1011short) is taking heavy losses on his massive long positions. In just 2 weeks, he has lost $138M, with total profits dropping from $142M+ to just $3.86M.”
Related: Bitcoin rallies expected to be short-lived until liquidity returns: Data
Analysts do not see structural collapse, but rather a correction regime
BTC, from a technical perspective, has tested the $83,800 zone, but its failure to rebound keeps the downside risk in the forefront. Analysts have predicted a further correction after the sudden sell-off, and some are now looking at a potential downward target of $80600.
Crypto Zeno, a Market Analyst said The recent performance of Bitcoin in the last quarter signals a change in its market structure. Following a period of rapid growth in the middle of 2025, Bitcoin returns are now negative and down by 26% from last July.
This view is reinforced by derivatives metrics. Several times, declines of 8%-10% in open interest for futures have been correlated with local Bitcoin lows. These include the dips from late February to early March 2025, around $80,000 to $78,000, as well as the cycle lows between April 2025 and mid-November.
This repeated alignment indicates that leverage is unwinding aggressively, and not a continuation of the trend.
Related: Single Bitcoin entity keeping BTC price ‘suppressed’ below $90K: Analysis
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Source: cointelegraph.com
