Bitcoin fell to its lowest level since May on Sunday before paring some losses as sentiment across the crypto market remained locked in extreme fear. The Crypto Fear & Greed Index stood at 10, in its extreme fear band, after already sitting at the same level on Saturday.
Bitcoin traded around $95,087 at 18:20 UTC, down 1% over the past 24 hours after briefly dipping below $94,000 earlier in the day, the lowest point since May 6, based on TradingView data.
Across majors, ether down 3.23% to $3,113, XRP down 2.1% to $2.21, BNB down 1.6% to $926.21 and solana down 3.6% to $137.79.
Analysts see room for deeper declines
Crypto analyst Ali Martinez said on X that bitcoin had broken out of a channel, arguing that the move could open the door to a potential slide toward $83,500.
Analyst Benjamin Cowen noted that bitcoin registered a death cross, adding that previous examples often marked local lows. He said bitcoin would need to bounce within the next week for the cycle to remain intact, and warned that failure to do so could lead to another drop before a major rally back to the 200-day moving average. Cowen urged traders to “trade the market you have, not the market you want.”
Retail panic signals a potential reversal
Market intelligence platform Santiment said bitcoin spot rates rose to a four-month high during Friday’s drop below $95,000, pointing to heightened retail fears. The firm said such increases in social dominance can increase the likelihood of market reversals, although it stressed that the pattern is not a guarantee.
Michael Saylor hints at a big bitcoin buy
Strategy (MSTR) Executive Chairman Michael Saylor signaled that the company will announce its latest bitcoin acquisition on Monday, broadcasting the phrase “Big Week” on X while attaching a screenshot from StategyTracker, the leading real-time bitcoin treasury analytics platform.
Gold extends its lead over digital assets
Market strategist Charlie Bilello pointed out that gold is up 55% this year, calling it 2025’s best-performing major asset, while calling bitcoin — up about 1% — the worst-performing major asset. He described the divergence as the reverse of 2013, noting that such dynamics have not been seen in any previous calendar year.
