Bitcoin Price Today: Largest Token Drops to Six-Month Low as Rate Cut Bets Weaken
Bitcoin Price Today Largest Token Drops to Six-Month Low as Rate Cut Bets Weaken
Bitcoin traded under pressure as global risk sentiment turned weak. The world’s biggest cryptocurrency slipped below the $100,000 mark and touched its lowest level in six months. The fall came as investors cut expectations of a Federal Reserve rate cut in the December policy and reduced exposure to risky assets.
Institutional activity also slowed this week. Outflows from Bitcoin ETFs, cautious trading behavior and delayed economic data impacted the broader crypto market. The price drop pushed Bitcoin back to levels last seen earlier this year.
Key Takeaways
- Bitcoin fell to a six-month low and slipped below $100,000.
- Weak ETF flows, long-term holder selling and global market volatility added pressure.
- More than 815,000 BTC sold by long-term holders in one month.
- Analysts expect support near $96,000 and possible recovery if liquidity improves.
- Other cryptos like Ethereum, XRP and Solana also recorded sharp declines.
Bitcoin Price Drops Below $100,000
Bitcoin continued its decline as the price touched an intraday low of $96,841. The token fell more than 5% and traded near $97,162, marking the weakest level of 2025. The fall extended its drop of over 23% from the all-time high of $126,000 hit just one month ago.
Despite the current correction, Bitcoin still holds gains of nearly 5% for the year and more than 40% since the 2024 election.
Other major cryptocurrencies also traded in the red. Ethereum slipped 9%, XRP fell 7%, Solana dropped 8% and Dogecoin declined almost 7%. Stablecoins saw limited movement, with Tether easing 0.02%.
Selling Pressure Rises as Long-Term Holders Book Profits
Crypto exchanges recorded strong selling activity this month. Analysts noted that long-term holders sold more than 815,000 BTC in the past 30 days. This has been one of the largest long-term sell-offs since early 2024.
The rise in supply placed further pressure on prices as institutional flows weakened. ETF outflows and reduced demand from corporate desks added to the decline.
The government’s recent shutdown led to delays in key economic reports like CPI and jobless claims. These delays kept traders cautious and limited participation from large buyers.
Whale Activity and Institutional Trends
Market data shows mixed signals from large investors. Whales sold heavily in the earlier weeks but accumulated nearly 45,000 BTC in the past seven days. Analysts say this accumulation helps build underlying support and can aid sentiment once economic clarity improves.
However, continued ETF outflows remain a concern. Weak flows show reduced confidence among institutions after two strong quarters of investments.
Global Market Volatility Intensifies Pressure
The fall in Bitcoin comes at a time when equity markets across the world are also under stress.
Major US indices fell sharply as investors cut their expectations of rate cuts.
The Dow Jones fell more than 1.6%, S&P 500 dropped 1.66% and the Nasdaq slipped 2.29%. Weakness in global stocks reduced risk appetite, which spilled over into crypto markets.
Traders say the market is reacting to limited liquidity and rising uncertainty. With critical data delayed, investors have less clarity on the economic outlook.
Crypto Options Market Signals More Downside Caution
Demand for downside protection increased in the crypto derivatives market.
Data from Deribit showed heavy interest in protective put options around the $100,000 strike.
Options in the $90,000 to $95,000 range recorded the most activity, indicating that traders expect more price swings.
Perpetual funding rates also turned negative, showing a rise in short positions. Analysts noted that these signals reflect cautious sentiment among both retail and institutional traders.
Bitcoin Price Outlook
According to market experts, Bitcoin faces key resistance at $101,000. If the token holds above $100,000, a retest is possible. A move beyond this level may push prices higher.
Support is expected near $96,000. A bounce from this zone could lead to a recovery toward $105,000 in the coming days.
Listicle: Key Market Factors Affecting Bitcoin Today
- Weak ETF flows and rising outflows
- Long-term holder selling of more than 815,000 BTC
- Delays in key economic data after the government shutdown
- Increased volatility in global equities
- Rising interest in downside protection in the options market
Related Posts :
About Author
Share This Post