Compass Investments

– Amid increasing selling pressure in the bitcoin (BTC) market, this leading cryptocurrency fell below $67000, reaching the lowest mark in a year and a half. Market experts believe that such a movement of quotations indicates a “total sell-off mode”.

The decline seen in recent months has erased 44% of bitcoin’s value from its peak of $126,000 in October 2025. The drop below $67,000 has heightened investor anxiety about a prolonged market downturn.

Coin Bureau investment analyst Nick Pakrin opined that bitcoin could fall to $55,700 if it fails to hold above the $70000 mark. Pakrin emphasized that $70000 is a critical psychological boundary, adding: {“Obviously, the crypto market has fully entered the capitulation phase while bitcoin continues to sag below this level”. According to him, the collapse was triggered by active selling by large bitcoin holders (whales) and partial withdrawal from positions by some institutional investors.

Referring to previous market cycles, Pakrin suggested that the current situation could be more of a “distribution-to-dump transition” rather than a temporary correction, and such phases could last for months rather than weeks.

Zach Shapiro, director of policy at the Bitcoin Policy Institute, insists that long-term fundamentals, especially the growing acceptance among institutional investors, remain strong. Nevertheless, Shapiro noted that a drop to $58,000, corresponding to the 200-week moving average, would not be a surprise, implying a further decline of about 15% from the current value. He added that both panic selling and profit-taking by early investors are affecting the market sentiment now, and there are clearly more sellers than buyers.

Technical analyst Kathy Stockton also predicts that in case of a confident breakdown of the $70,000 level downward, the price could reach $57,800. Stockton pointed out that the breakout of the Ichimoku cloud on the weekly chart signals a loss of upward momentum in the cycle, which hints at a more volatile period in the coming months.

More radical scenarios cannot be ruled out. American investment bank Stifel in a memo to clients, based on an analysis of bear market lows over the past 15 years, admitted that bitcoin could drop 45% from the current price, falling to $38,000.

The rapid decline in the crypto market echoes the weak performance of traditional markets. An unexpected increase in the number of new jobless claims in the U.S. worried investors, pulling down stock indices. The Dow Jones Industrial Average slipped 1.1% , the S&P 500 fell 1.3% , and the tech-heavy Nasdaq Composite fell 1.8% . The Russell 2000 index, which reflects the shares of small-capitalization companies, recorded a relatively smaller loss of 0.3% .

Selling pressure was also felt on the commodities market. The spot contract for silver fell below $73, losing more than 17% over the day, while silver futures in New York also broke through the $72 mark, showing a double-digit decline.

A market expert explains the reasons behind bitcoin’s recent collapse and its suddenness – and shares the expected downside range…

CryptoQuant is sounding the bitcoin (BTC) alarm! “We’re already in a bear market, but more dangerous than 2022!” – They even named a specific price!