CandleFocus Bitcoin Price Crash: Will BTC Sink to $86,707 Support?
2025-02-25
Author: Content Editor
Bitcoin has experienced a significant crash, falling below the $90K support level and reaching fresh lows at $88,000. The crypto market has seen $881 million in liquidations, with Bitcoin alone suffering $272 million in liquidations. Long-position liquidations totaled $809.24 million, while short liquidations amounted to $72.04 million. Bitcoin has dipped below the critical support of $90,000 and hit a new 30-day low of $88,600. Traders are initiating a buy-the-dip frenzy, with the long-to-short ratio rising to 2.88 on the Binance exchange. However, the number of new Bitcoin addresses and active users on the network has declined, suggesting a potential consolidation or prolonged correction phase. The $90,000 level remains a critical crossroad for Bitcoin, with a potential revisit to the $86,707 support level if it closes below the $90,000 mark.
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