Tag: breaks major support levels bitcoin

Why is Bitcoin Price Dropping? Massive Liquidations Push BTC to $89,500

The post Why is Bitcoin Price Dropping? Massive Liquidations Push BTC to $89,500 appeared com. The post Why is Bitcoin Price Dropping? Massive Liquidations Push BTC to $89,500 appeared first The drop has shaken the market, pushing the Fear & Greed Index into “extreme fear”. Many traders now worry the price could dip even further, with some expecting BTC Price to go as low as $86,000. Top Reasons Why Bitcoin Price is Crashing? BTC Price Breaks Major Support Levels Bitcoin’s decline began over the weekend when it failed to regain the key support level of $92,000. Once that level flipped into resistance, the market mood shifted sharply. As of now, BTC was trading around $89,780, down 5% in 24 hours, and more than 14% for the week. It was the break below the psychological $90,000 line that triggered real panic. That drop opened the floodgates for forced liquidations. In the past 24 hours alone, more than 180, 000 traders were liquidated, wiping out over $1 billion, with long positions taking the biggest hit. The largest single liquidation came from Hyperliquid: a massive $96. 5 million BTC-USD position. Corporate Buyers Go Silent Earlier this year, large corporate buyers helped push Bitcoin up by making aggressive purchases. But now, that demand has slowed. Companies like Strategy, Metaplanet, usually known for buying aggressively, have reduced their pace. Although Strategy added 487 BTC last week, overall corporate buying is much lower than it was in the first half of the year. This pullback has weakened one of Bitcoin’s strongest sources of support. Strategy has acquired 487 BTC for ~$49. 9 million at ~$102, 557 per bitcoin and has achieved BTC Yield of 26. 1% YTD 2025. As of 11/9/2025, we hodl 641, 692 TC acquired for ~$47. 54 billion at ~$74,079 per bitcoin. STR TRC TRD TRE.