In a dramatic turn of events, Bitcoin’s price tumbled below the psychologically critical $100,000 threshold early this morning. This steep decline sent shockwaves through exchanges worldwide as traders and investors scrambled to adjust their positions.
Sharp Decline in Key Levels
After hovering near $110,000 for several weeks, Bitcoin’s spot rate plunged more than 10% within a six-hour window. Technical charts show a decisive break beneath both the 50-day and 100-day moving averages, triggering automated sell orders and fueling further downward momentum. Altcoins followed suit, with major tokens like Ethereum and Solana dipping by 8–12% in tandem.
Market Sentiment Turns Bearish
The broader crypto market quickly painted a sea of red as fear permeated trading desks. Social channels lit up with alarmed traders discussing whether this marks the onset of the long-anticipated correction or a deeper bear phase. On-chain indicators show a spike in stablecoin inflows and liquidations, signaling that many leveraged positions were caught off guard by the sudden downturn.
Institutional Reactions and Implications
Several institutional desks reportedly paused new buying programs after Bitcoin dipped under six figures. Funds that were deploying fresh capital over the past month have put allocation plans on hold, citing the need for clearer support levels. Meanwhile, some hedge funds are positioning for a further slide, eyeing lucrative shorting opportunities across futures and perpetual swap markets.
What’s Next for Bitcoin?
Analysts are now monitoring the $95,000 zone as the next critical support level. Failure to hold above that mark could open the door to a test of $90,000 or lower. Conversely, a swift recovery above $100,000 in the coming hours would signal strong buy-the-dip interest and potentially stabilize prices. All eyes remain on upcoming economic data releases and major on-chain metrics to gauge the market’s true bottom.