Bitcoin Plunges Below $95,500 as Market Sentiment Turns Cautious
Recent market data shows Bitcoin (BTC) has dipped below the critical $95,500 support level, hitting a low of $95,489.35 — a 1.66% drop over 24 hours. This pullback comes amid heightened volatility across global financial markets, drawing sharp attention from traders and investors alike.
Drivers Behind the Volatility
The crypto market is currently navigating a complex mix of macroeconomic signals, shifting institutional flows, and evolving on-chain activity. Analysts note that technical indicators are flashing short-term correction signs, while liquidation of leveraged positions has amplified price swings.
- 24-hour trading volume spiked, reflecting increased market participation
- Intense battle between bulls and bears around the $95,000–$96,000 range
- Frequent large on-chain transfers suggest possible institutional rebalancing
Experts advise maintaining caution amid elevated uncertainty. Investors are encouraged to avoid emotional trading, implement sound risk management, and monitor upcoming economic indicators and on-chain trends closely.