Bitcoin crashed today. The price plummeted sharply to around $102,000, nearing the psychological level of $100,000 which, if breached, could trigger mass panic. Hundreds of millions of dollars were liquidated in a matter of hours—wiping out long positions of retail and institutional investors. Technical indicators are flashing red: negative MACD, RSI in free fall. Trading volume has drastically decreased, a sign that the market is starting to freeze. Behind the scenes, global pressures, geopolitical conflicts, and fears of recession are exacerbating the situation. Many analysts are beginning to predict the next 'crypto winter.' If this pressure continues, we could witness a large-scale collapse like in 2022—or worse.
