Bitcoin experienced a volatile session early Monday, dipping to a low of $93,000 before making a brief rebound. This sharp decline triggered approximately $510 million in liquidations within just 24 hours, effectively erasing all gains that had been recorded for the digital currency throughout the year 2025. The sudden price movement also impacted market sentiment significantly, driving the Fear and Greed Index to a level of 10, indicating extreme fear among traders.
The recent drop marked a notable correction, wiping nearly 24% off Bitcoin’s early October high of $126,000. Traders are now closely monitoring critical support zones to determine whether Bitcoin can stabilize or if further downside is imminent in the forthcoming days. Over the weekend, Bitcoin’s price trends shifted, as it declined for the first time in weeks, leading market analysts to predict a bearish setup heading into Monday. Based on historical price data spanning 300 days, there’s an estimated 36% probability that Monday would establish a near-term low for the cryptocurrency.
As sentiment plummeted alongside the price, the Crypto Fear and Greed Index fell to 10, down two points from its previous reading, signaling a stark contrast to the euphoria seen in late November 2024, when the index reached a high of 93.
The sell-off resulted in widespread liquidations across the crypto derivatives markets, impacting over 150,000 traders. Long positions were particularly hard hit, with losses amounting to $40.37 million within just one hour and totaling $77 million over a four-hour span. Bitcoin accounted for $41.61 million in liquidations, while Ethereum faced $13.99 million in losses, alongside significant liquidations for other cryptocurrencies such as Solana, XRP, and Dogecoin.
For potential recovery, market analyst KillaXBT highlighted several key support zones that traders should focus on. The immediate support level is at $94,100, with stronger support anticipated at $93,500—which also marks the year’s opening price—and the range between $89,000 and $91,000. These zones have historically attracted high trading activity, making them critical areas for potential buying opportunities as per technical analysis.
However, analysts caution against the use of high leverage during this period of volatility due to heightened liquidation risks, especially given recent price swings of 4-5%. A decisive drop below $85,000 could invalidate any bullish recovery scenarios, indicating a potential trend reversal. Conversely, if Bitcoin can absorb liquidity at lower support levels, there might be a chance to reclaim the $100,000 mark, although resistance at $98,300 would need to be overcome first.
With market sentiment sitting at extreme fear and significant liquidations having already impacted the market, Bitcoin’s future trajectory remains uncertain. The actions of buyers and sellers in the ensuing days will be pivotal in determining the cryptocurrency’s course as November progresses and year-end trading approaches.
