$BTC $BTC
Bitcoin's "$93,400 mark" is on the verge of breaking out! Short-term holders are selling off on a large scale, and the market crisis is approaching?
In May 2025, according to the Crypto King's official account, Bitcoin's rise seems to have ushered in a severe test! According to Alphractal's analysis, when BTC breaks through the key support price, short-term holders choose to lock in profits, and a wave of selling follows. Although this has put a lot of pressure on the market, the $93,400 point has become a key turning point.
Why is this price so important? This is the average purchase price line of short-term holders. Once the price of Bitcoin falls below this mark, it may trigger a new wave of selling, leading to further market declines. If it can hold $93,400, it is expected to maintain the upward momentum and attract more funds to flow in.
At present, the allocation behavior of short-term holders has exacerbated market uncertainty. If this trend fails to reverse, we may see more bearish signals emerge. For investors, now is the time to keep an eye on this price. Once it breaks through or falls below, it may bring about significant market fluctuations.
