Weekend crash! Bitcoin falls below $84,000, ETH sees $400 million in capital flight! Market panic intensifies, is this the end of the bull market or a good buying opportunity?
On Friday, European and American markets 'shut down', and on Saturday, the Asian crypto market continues to bleed profusely!
BTC and ETH lead the decline, total market value evaporates by 5%! On-chain data reveals massive whale activity, $400 million in funds withdrawn, gold and stablecoins become safe havens...
[Global crypto market 'avalanche' over the weekend]
On Saturday morning in London, the cryptocurrency market continued to decline, with the total market value shrinking by nearly 5% in 24 hours, currently reported at $28.13 trillion.
BTC: Falls below $84,000, down 3% in 24 hours
ETH: Falls below $1,900, down 2.3%
[Three 'culprits' trigger the sell-off]
1. Institutional funds major retreat
- US spot ETH ETF sees the largest weekly outflow in 8 months (over $400 million)
- Major players like Grayscale and BlackRock turn to gold and US stocks, crypto demand drops to the lowest since December 2023.
2. Whale 'runaway' signal
On-chain monitoring shows that large holders have recently been intensively selling ETH, XRP, and other assets, with some funds moving into stablecoins (USDT, USDC) for hedging, and even flowing into the gold market.
3. Countdown to US tariffs on April 2
The market is concerned that a new round of tariff policies will exacerbate macroeconomic uncertainty, prompting investors to reduce positions in advance and wait.
[Key support level in danger!]
Bitcoin: BTC has broken below the 'bearish flag' technical structure, and if it cannot hold the $83,000 support, it may further drop to $75,000.
Altcoins: Follow BTC's adjustment, but smaller coins with insufficient liquidity drop even more sharply (some new projects plummet 80% right after launch).
[Is the bull market still here? Buy the dip or run away?]
Although short-term pessimism is rampant, some opinions suggest:
V-shaped rebound possible: The 2025 bull market cycle has not yet ended, and the sharp drop may be an institutional 'washout'.
Risk warning: Before the April tariff implementation, market volatility may continue to amplify, beware of 'longs killing longs' crashes!
End-of-article interaction:
Did you buy the dip in this drop? Or did you choose to cut losses?