Crypto: Bitcoin Falls To $83.4k As Gold Bugs Take Profit And AI Stocks Sell...
Futures market liquidations, a sharp sell-off in US stocks and limited progress on talks to fund the US government are taking a toll on Bitcoin price today. Is $80,000 the next stop for BTC?
Bitcoin’s (BTC) strong start to the year has been fully erased, with its price slipping to a new yearly low below $84,000. Analysts viewed this move as part of a broader corrective phase rather than a structural market breakdown, driven by aggressive futures deleveraging rather than sustained selling in spot markets.
BTC fell to $83,600 and trades in the lower limit of the 10-week consolidation range that has capped its price since Q4.
Bitcoin taker sell volume spiked to roughly $4.1 billion over just two hours, suggesting futures-driven flows rather than spot selling.
The latest drop keeps Bitcoin trapped inside a 10-week range that has defined price action since November 17, 2025, with weekly closes capped between $94,000 and $84,000. That structure is now being tested again as BTC trades near levels last seen in early December, raising the risk of a deeper move if buyers fail to defend current support.
Selling pressure intensified during the New York trading session, with Bitcoin sliding nearly 4.4% to $83,600 from $88,000. The move wiped $570 million in long positions, underscoring how leveraged the market was before the dip.
CryptoQuant data showed the pressure was concentrated and aggressive. Bitcoin taker sell volume surged to roughly $4.1 billion in two hours across all exchanges, pointing to forced selling rather than gradual spot distribution.
Onchain tracker Lookonchain highlighted the impact on a prominent trader, noting:
Related: Bitcoin rallies expected to be short-lived until liquidity returns: Data
From a technical standpoint, BTC has already tested the $83,800 level, but the failure to sustain a rebound from that zone keeps downside risks in focus. The abrupt sell-off has led some analysts to project a deeper correction, with potential downside targets shifting toward the November low near $80,600.
Source: CoinTelegraph
