Overview
- Bitcoin is down roughly 22% from October’s peak, sinking to a six‑month low near $94,700 before stabilizing in the mid‑$90,000s.
- Spot Bitcoin ETFs recorded $866.7 million in one‑day redemptions and market depth fell to about $535 million, pointing to thinner liquidity and sharper swings.
- Options metrics show short‑term implied volatility rising (1‑week near 51% versus 48% for 6‑month) and a strongly positive put skew, with heavy demand at the $95,000 strike that can fuel hedging‑driven downside.
- Analysts are watching a $93,000–$97,000 survival band and a CME futures gap near $92,000, with some mapping next supports near $88,000–$90,000 or $85,000 if the zone fails.
- Market signals diverge as the Fear & Greed Index hits 10 and price sits below the 365‑day moving average, while an unconfirmed weekly Supertrend sell contrasts with readings that some chartists frame as a setup for a short‑term bounce.