$BTC

Bitcoin (BTC) has experienced sharp “dumps” recently, dropping from highs above $106,000 to lows near $102,000 between June 20–21, 2025. This sudden decline triggered about $450 million in liquidations, mostly from long positions, as volatility spiked and traders were caught off-guard. Technical indicators such as a widening bearish MACD crossover and oversold Stochastic RSI signal weakening momentum and bearish pressure, though some analysts see potential for a short-term rebound if support holds.

The sell-off was not directly linked to a single external event but occurred amid persistent macroeconomic uncertainty—including geopolitical tensions and cautious Federal Reserve policy—contributing to a risk-off mood among investors. Retail sentiment has turned extremely bearish, reaching its lowest point since April’s tariff announcements, while whale investors continue to accumulate, suggesting possible contrarian opportunities if panic selling subsides. If BTC breaks below key support levels, analysts warn of further downside toward $97,600 or even $92,800 before any sustained recovery