[Analysis] "Bitcoin Could Drop to $81K... Lack of Upward Catalysts"

Analysis suggests Bitcoin (BTC) could fall further to $81,000.

On the 25th (local time), BitGet's Chief Analyst Ryan Lee told CoinTelegraph in an interview that "cryptocurrency investors' risk aversion is increasing" and "Bitcoin could fall to as low as $81,000 in the absence of upward catalysts."

Analyst Lee noted that "Bitcoin has already fallen to the $89,000 support level" and stated "if the bearish trend continues, the next support level at $86,000 will be tested." He added that "Bitcoin needs stronger momentum than Strategy's Bitcoin purchases to rise."

Hong Ye, co-founder of GRVT, also warned of Bitcoin's decline. Hong Ye analyzed that "$85,000 is a very crucial support level" and "if this support breaks, further decline is inevitable."

According to Glassnode data, if Bitcoin falls below $85,000, the liquidation volume of long positions is expected to exceed $1 billion. This could lead to additional downward pressure.

As of 11:39 PM, Bitcoin is trading at $88,612 on Binance's USDT market, down 7.23% from 24 hours ago.