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Bitcoin 
$106,335 recently dropped to a new daily low of $86,050, coinciding with a significant increase in American consumer inflation expectations. Policies from the Trump administration are negatively impacting economic data, and new decisions are expected to be signed in the coming hours. The cryptocurrency fear index has plummeted to a level of 25, a point not seen in a long time.
Cryptocurrencies Decline
Trump’s meme coin, DeepSeek, combined with poor inflation reports, has culminated in the ByBit hacking incident. The cryptocurrency markets, which were attempting to recover on Friday, suffered due to one of the largest hacks in history. The fear index has not been this low in some time, leading to daily losses exceeding 7% even for Bitcoin.
Many altcoins, which have been struggling with every BTC drop, have returned to last year’s lows, even while BTC was above $80,000. According to CoinGlass, liquidations in futures trading reached a new peak of $1.56 billion in the last 24 hours, primarily affecting long positions.
The decline, which has left 380,000 investors liquidated, is linked to the worsening inflation outlook exacerbated by Trump’s aggressive tariff policies. Huge exits from the ETF channel have also increased negativity among investors.
Historic Days for Cryptocurrencies
Bitcoin fell to $49,000 last August, pushing the RSI into the daily oversold zone. Today’s massive sell-off has created a wave so substantial that the RSI has entered the oversold territory for the first time in months. Such occurrences typically indicate that the market has reached a bottom.
However, even if BTC regains $100,000, altcoin investors will need to see much larger increases to recover their losses. The leading cryptocurrency must quickly reclaim and hold the $89,200 region as support. Axel Adler Jr., a contributor to CryptoQuant, noted earlier this month:
“New whale price = $89,200, which is the strongest support level for current consolidation.”
If long-term closures occur below this region, we may face a worse scenario with the onset of whale selling. In times of heightened fear, hope often rekindles for experienced investors; we will have to wait and see if this trend continues.
