Bitcoin and crypto bulls are being hunted. From the BTC USD price chart, it is evident that sellers are showing no mercy and are keen on breaking the spirit of every
Bitcoin
0.47%
Bitcoin
BTC
Price
$63,904.90
0.47% /24h
Volume in 24h
$20.10B
Price 7d
Learn more
bull attempting to buy the dip.
As the dip keeps dipping, traders are scrambling for the exits, unwinding their positions, willingly, or, in some extreme cases, via liquidations. In the last 24 hours, over $1 billion of BTC USD price long positions have been liquidated.
(Source: Coinglass)
The dominance of Bitcoin and Ethereum is also shifting lower, while that of stablecoins continues to rise, pointing to outflow to safety.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
Bitcoin Price Is Down 35%, Short Squeeze Incoming?
At spot rates, the Bitcoin price is down 35% from all-time highs. The path of least resistance is evidently southward, and there have been opportunities for sellers to double down since the collapse below $100,000 in mid-November.
Technically, the $100,000 level is a key resistance level to watch out. As it is, buyers stand no chance, and this explains the dump across even some of the promising 100X coins.
From the BTC USDT daily chart, the next level of support should be the $75,000 zone, around the 2021 highs. This level was last retested in April 2025. If there is a bounce from this region, the odds of the Bitcoin price rising to $100,000 will be elevated.
Some analysts say that this is precisely what traders should expect, based on the current liquidation map data.
At spot rates, the Bitcoin price has taken even the deepest long-side liquidity price, wiping out longs in a single sweep. With this rotation lower, the Bitcoin price effectively moved into the largest long liquidity pocket, and with sellers staking, there are resting short orders above $120,000.
(Source: Coinglass)
Since the market is always seeking liquidity and sellers are overconfident, the BTC USD price can easily bounce higher, squeezing out sellers. The next target is over $40,000 higher at around $120,000.
DISCOVER: Best New Cryptocurrencies to Invest in 2025
Is Bitcoin Hyper Among The Best Crypto Presales To Buy Now?
As such, if crypto recovers, gaining exposure in some of the best crypto presales to buy, riding on Bitcoin’s coattails, can be highly rewarding.
Currently, investors are closely monitoring Bitcoin Hyper.
The project is building a layer-2 on top of the Bitcoin mainnet. Notably, it is incorporating the Solana Virtual Machine (SVM) and zero-knowledge proofs to secure its Canonical bridge.
Because of the SVM, the layer-2, which is a roll-up, will be scalable, enabling low-fee transactions while maintaining interoperability with the Solana mainnet.
So far, over $28.2M has been raised in the ongoing Bitcoin Hyper presale with less than eight hours to go.
Each HYPER token is changing hands for $0.013305, and those who buy now can also stake for a 41% APY.
DISCOVER: Best Meme Coin ICOs to Invest in 2025
Bitcoin BTC USD Price Down 35%: Massive Short Squeeze To $120,000?
- BTC USD price down 35% from all-time highs
- Will the Bitcoin price bounce from around 2021 highs
- Traders watching from the sidelines, stacking stablecoins
- Is Bitcoin Hyper one of the best crypto presales?
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
