Pessimistic sentiment on social media X (formerly Twitter) continues to rise, with more and more forecasts about the potential for a market collapse. One of the most prominent voices recently is Dom (@traderview2), a cryptocurrency market analyst with a large following. In his latest warning on Wednesday, Dom stated that Bitcoin is approaching a "structural break point" — and if the bulls (buyers) do not act quickly, the market could face a severe drop.

"If this continues, the market will break"

In a detailed analysis, Dom noted that the current market is at a critical juncture, where Bitcoin and the entire cryptocurrency space "need to save themselves or will slide deeper." According to Dom, the most recent weekly chart shows a pattern of "liquidity attraction in an upward direction" – when BTC exceeds last week's high only to quickly reverse, often seen as a signal of local top formation.

Additionally, Dom emphasized the three-touch pattern and the weakening bullish momentum – indicating that the strength of the bulls is gradually waning. “I think time is running out for the bulls to save this chart,” he wrote, stressing that BTC needs to recover important resistance areas soon to invalidate the bearish signal that is forming.

The Market Structure Is Thinning

One concerning point Dom raised is the depth of the order book of major exchanges like Binance, Bybit, Coinbase, OKX, and Kraken. Over the past three weeks, about 38,000 BTC has been sold, primarily absorbed by passive bids, but Dom warns that the liquidity layer below the current price region is almost empty.

“There is no significant support until the $80,000 region — at least at this moment. Not even fake support ads are visible,” he shared.

Perpetual Futures Are No Better

A similar situation is occurring in perpetual futures markets (perps), where platforms like Binance, Bybit, OKX, and Hyperliquid are all recording a continuous trend of active selling (market selling). According to Dom, this is a sign of a persistent and hard-to-reverse downtrend unless the market soon changes its behavior.

He also compared the current situation to the period before Bitcoin sharply dropped from the $90,000 region in February, stating: “We are seeing the same repeating pattern.”

Seasonal Factors Make the Situation Worse

Dom also emphasized that summer months often see low liquidity and weak market participation, making corrections tend to be deeper and harder to recover from. Such an environment further limits the bulls' ability to counterattack, especially when lacking stimulative factors from new capital.

What Is the Lifeline for Buyers?

Despite the pessimistic analysis, Dom still leaves the door open for a reversal. According to him, if the price of BTC can recover and hold above the $108,500 region, then most of the negative signals could be invalidated.

“If the 108.5k region is reclaimed, that would be great. At that point, I would discard the bearish scenario. But currently, the option to bet on the downtrend offers a better risk/reward ratio,” Dom concluded.

A drop to $96,000–$98,000 is still not a disaster

In another response, Dom argued that even if Bitcoin corrects to the $96,000 – $98,000 range, and even has a "wick" that touches down to the $80,000 region, the long-term bullish structure is still not broken. He stated that he would reassess the entire situation if this occurs, but for now, he maintains a cautious stance.

Summary

The Bitcoin market is at a crossroads. If the bulls do not soon reclaim the important price region, the risk of a deep correction is entirely possible. In the context of thin liquidity, continuous selling pressure, and weakening sentiment, investors need to manage risk particularly tightly during this sensitive period. $BTC