$BTC Bitcoin has dropped sharply, falling to a seven-month low near $80,000.
This decline marks a brutal correction, wiping out a big chunk of its 2025 gains.
Breaking below technically important levels (like $95K previously) has triggered forced liquidations.
Drivers Behind the Drop
ETF outflows: Significant redemptions from Bitcoin ETFs are adding selling pressure.
Macro uncertainty: Risk-off sentiment is rising as investors worry about future rate cuts and macro volatility.
Whale & institutional selling: Large holders appear to be trimming BTC holdings.
Technical Signals
According to CoinCodex, sentiment is bearish and the RSI is very low, suggesting BTC is in oversold territory.
Key support levels to keep an eye on: ~$81,500, $77,900, and as low as $75,000.
Resistance is around $88,000–$94,000, making rebounds difficult unless buying strength returns.
Longer-Term View
Some bullish longer-term narratives remain: DeFi integration on BTC (via Stacks) could bring new utility, tightening supply.
On the other hand, the current risk environment and liquidity stress could fuel further downside or extended consolidation.
Risk Factors
Continued ETF outflows or institutional selling could drive more downside.
A break below $80,000 would be very bearish and might trigger more liquidations.
Macro risks remain: if interest rates don’t come down or risk sentiment deteriorates further, BTC could remain under pressure.
What to Watch Next
Whether BTC can hold $80K — a drop below could open the door to deeper corrections.
ETF flow data — big inflows or outflows will likely drive near-term direction.
Macro news on interest rates, regulation, and risk appetite.
