Bitcoin Hits 15-Month Low As Fear-Driven Selling Drags Ethereum, XRP, Dogecoin Lower

Bitcoin is hovering around 15-month lows as market sentiment stays firmly in “Extreme Fear” territory.

Notable Statistics:

• Coinglass data shows 145,087 traders were liquidated in the past 24 hours for $631.75 million.       
• In the past 24 hours, top gainers include Midnight, Morpho and LayerZero.

Notable Developments:

• Robinhood Stock Dives 10% As Bitcoin Pullback Hits Crypto Players
• Bitcoin, Ethereum Liquidations Hit $704M In 24 Hours—And $70,000 Could Break, Polymarket Predicts
• CFTC Chairman Michael Selig Says Crypto Market Structure Will Be Global ‘Gold Standard’
• Tom Lee Responds To $6.6B ETH Loss: ‘It’s Not A Bug, It’s A Feature’
• Tether CEO Paolo Ardoino Says $20 Billion Fundraise Was ‘Misconception,’ Flags Regulatory Risks

Trader Notes: Trader Michael van de Poppe said Bitcoin is attempting to form a higher low, a structure that could support a move toward the $82,000–$84,000 zone if current levels hold.

However, failure to defend this area may lead to a retest of the $69,700 region, which aligns with Bitcoin’s 2021 all-time high.

Van de Poppe emphasized that the current setup favors selectively looking for long opportunities rather than aggressively shorting.

Crypto chart analyst Ali Martinez warned that if Bitcoin loses the $77,086 level, downside risk increases significantly, with major support zones near $60,176 and potentially as low as $47,824.

Adding a broader cycle perspective, CryptoCon noted that Bitcoin’s current drawdown has now matched the 2022 bear market decline at roughly 42%.

If the market were to mirror that cycle exactly, it could imply a deeper move toward $28,000—though he cautioned that crypto markets rarely follow historical patterns perfectly.

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