🚨Bitcoin Crash! Breaking 90,000, hitting a new low for July, 170,000 people liquidated with 6.7 billion in losses!
The most severe "cutting韭菜" scene of 2025 is here! Bitcoin plummeted 5.84% in a single day, falling below 89,700, setting the lowest record since April, this year's gains have been completely wiped out, a 30% plunge in 30 days evaporating 1.2 trillion in market value, the crypto circle is in despair 😭
🔥The terrible situation of the plunge: 170,000 people pressed to the ground
- Price broke the psychological barrier of 90,000, currently below 89,900, the韭菜 collectively "turn off the lights and eat noodles"
- 24 hours of liquidation for 176,000 people, 6.7 billion RMB evaporated instantly, long positions were precisely harvested
- High-leverage players collectively liquidated, stop-loss orders triggered causing a stampede, the market is in chaos
- Total cryptocurrency market value shrank by 1.2 trillion dollars in 6 weeks, market panic at an all-time high
🚀Three major killing moves for the crash
- The Federal Reserve's interest rate cut expectations have cooled: December rate cut probability falls below 50%, funds fleeing high-risk assets overnight
- Institutions are fleeing in groups: Bitcoin ETF has lost 2.6 billion dollars for 5 consecutive weeks, BlackRock's flagship ETF saw outflows of 532 million in a single week
- Mt.Gox adds to the chaos: The bankrupt exchange suddenly transferred 10,000 bitcoins (approximately 936 million dollars), triggering market panic selling
🤯The crypto circle is filled with gossip
- Mining companies can’t hold on: Bitfarms announces abandonment of mining to invest in AI, mining stocks' market value evaporated by 23 billion, many mining companies have started "selling coins to survive"
- Long-term holders are escaping: 815,000 bitcoins sold within 30 days, setting the highest record since the beginning of 2024
- Technical indicators flashing red: The 50-day moving average crosses below the 200-day moving average forming a "death cross", bear market signals are sounding
⚔️Bulls and bears tearing each other apart
- Bearish faction: "Straight to 70,000!" Analyst Hong Hao warns, 10X Research insists the bear market is confirmed
- Bullish faction: "Rushing to 150,000 by the end of the year!" Tom Lee, the eternal bull, remains optimistic, bottom-fishers are lurking at 85,000
- Technical faction: RSI shows bullish divergence, after being oversold there may be a rebound, but 85,000 is the line of life and death
🔮Market Outlook Warning
85,000-90,000 has become a critical battlefield, if it falls below, it may head straight to the 70,000 range; if it can hold, a short-term rebound may come. Is now the time to "go all in" or "catch falling knives"? Crypto players are collectively entangled…$BTC
