Bitcoin Touches $93K Low as Market Sentiment Hits Extreme Fear

Bitcoin experienced a sharp correction, briefly dropping to $93,000 early Monday in Asia before recovering, which resulted in $510 million in 24-hour liquidations and erased all year-to-date gains for 2025. This price action caused the Crypto Fear and Greed Index to plummet to 10, indicating extreme fear among traders, a stark contrast to the euphoria seen in late November 2024. The derivatives market saw massive liquidations, primarily affecting long positions, with Bitcoin accounting for $41.61 million in long closures. Analysts are now watching key support zones, including $94,100, the year's opening price at $93,500, and the $89,000-$91,000 range, to determine if a recovery can begin. A decisive drop below $85,000 would invalidate bullish scenarios, while successful absorption of liquidity at lower supports could pave the way back toward $100,000.

(Source：BeInCrypto)