by Coinstrooper Crypto Articles
Quick Take
  • The crypto market is bleeding as leveraged liquidations intensify, sending Bitcoin back below $90,000.
  • Analysts are warning that if bulls fail to defend the critical $84,000 support level, Bitcoin’s price prediction could tilt into a full-blown bear market.
  • Over the last four hours, more than $200 million in leveraged positions have been liquidated across the crypto market.
  • Bitcoin is down over 3%, while Ethereum has plunged over 4%.

What Happened

As Bitcoin struggles, investors are turning to Bitcoin Hyper ($HYPER), a project working on bringing speed and affordability to Bitcoin’s blockchain for decentralized applications.

Market Context

The crypto market is bleeding as leveraged liquidations intensify, sending Bitcoin back below $90,000.

Analysts are warning that if bulls fail to defend the critical $84,000 support level, Bitcoin’s price prediction could tilt into a full-blown bear market.

$200M Wiped Out As Crypto Liquidations Trigger Market-Wide Selloff

Over the last four hours, more than $200 million in leveraged positions have been liquidated across the crypto market.

Bitcoin is down over 3%, while Ethereum has plunged over 4%. The bloodbath has wiped out over $100 billion in total market capitalization today.

Thanos highlighted a critical technical breakdown: “This is the first time price is trading under those Moving Averages since June/July of 2023,” referring to the 100 EMA and 100 MA on the 5-day timeframe.

If price stays beneath these moving averages, he expects a drop to the $72,000-$76,000 range.

Adding to the bearish sentiment, the odds of Bitcoin hitting $80,000 by year-end have now surpassed 40% on Polymarket.

Bitcoin Price Prediction: Bulls Must Hold $84K or Face $76K

Bitcoin is trading below all major moving averages on the 4-hour chart, keeping the broader structure tilted bearish.

Immediate support sits around $84,000, which stabilized the price during the last flush.

Bitcoin’s direction remains biased lower as long as it stays capped under $95,000.

The presale has raised over $29 million, with tokens priced at $0.013375 and strong institutional interest driving momentum.

Why It Matters

“Maybe we get another retest of 93k-93.2k. That would align more perfectly with my current bias. The next leg down takes us to 76k,” he warned.

However, if Bitcoin fails to bounce strongly from this level, the broader corrective structure could extend toward deeper support near $76,000, where a more meaningful reversal becomes likely.

A reclaim of that level would signal trend restoration, but until then, indicators point toward continued weakness.

Details

The carnage follows today’s massive options expiry event, which traders had been monitoring closely.

A staggering $3.357 billion worth of BTC options with a max pain point at $91,000 expired today, alongside $668 million worth of ETH options with a max pain at $3,050.

Prominent trader TraderThanos is leaning heavily bearish as the 5-day candle closes below $93,000.

The 200-MA near $95,000 remains the key resistance that must be reclaimed to restore bullish momentum, but repeated rejections show sellers aggressively defending that zone.

Bitcoin Hyper Presale Surges Past $29M Amid BTC Weakness

Built on Solana-based architecture, Bitcoin Hyper accelerates transaction speeds while slashing network fees.

This enables developers to deploy DeFi platforms, meme coins, and payment solutions that Bitcoin holders can access without abandoning the original blockchain.