Bitcoin News Today: Bitcoin Faces $94,000 Crossroads—Will Anxiety Trigger a Surge or Worsen the Downturn?
- Bitcoin fell below $94,000 for the first time since May 2025 as the Crypto Fear and Greed Index hit a record low of 16, signaling extreme market fear. - The selloff, driven by a 23% drop from its peak and 815,000 BTC sold by long-term holders, erased $130 billion in 24 hours, with leveraged positions and altcoins also plummeting. - Analysts warn a breach of the $92,000–$94,000 range could extend the correction until mid-2026, while XWIN Research highlights fragile sentiment and elevated volatility amid m
Bitcoin dropped below $94,000 for the first time since May 2025, as the Crypto Fear and Greed Index plunged to a historic low of 16, indicating widespread panic in the market. The sharp decline, which marks a 23% fall from Bitcoin’s record peak, was accompanied by long-term investors offloading more than 815,000 BTC in early November,
This downturn highlights a broader shift in macroeconomic outlook.
Caution among investors remains elevated,
Even with the prevailing gloom, past trends indicate that extreme fear can sometimes precede a rebound.
Market participants are now closely monitoring for signs of a recovery or further losses. Experts stress that maintaining levels above $94,000 is crucial, as it represents an intersection of psychological, technical, and mining cost factors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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