Crypto bears may drop bitcoin price to $ 78,000

On Tuesday evening, the leading cryptocurrencies partially recovered their positions after a large-scale collapse that had wiped out bitcoin’s 2025 gains the day before. At the close of the trading session, Bitcoin BTC $87,982.06 Mezo Wrapped BTC 1.67% Market capitalization $43.41 million VOL. 24 hours $2.08 billion rose by 0.49% to $ 92,433, Ethereum ETH $2,938.96 Bridged Ether (StarkGate) 5.57% Market capitalization $78.11 million VOL. 24 hours $2.02 billion increased by 2.21% to $ 3,107, XRP XRP $2.26 XRP 10.99% Market capitalization $136.03 billion VOL. 24 hours $0.46 billion by 2.22% to $ 2.20, Solana SOL $138.30 Binance-Peg SOL 6.19% Market capitalization $0.15 billion VOL. 24 hours $0.62 billion by 6.86% to $ 140.96, and Dogecoin DOGE $0.15 Binance-Peg Dogecoin 5.24% Market capitalization $0.39 billion VOL. 24 hours $0.16 billion by 5.18% to $ 0.1607.

After falling below $ 90,000, bitcoin temporarily reached an intraday high of $ 93,745. According to Coinglass, liquidations on the crypto market exceeded $ 460 million over the past day, of which about $ 320 million were long positions. The open interest in BTC/USDT futures decreased by 2.79%, and the share of bullish positions on Binance dropped from 78% to 72%.

Ethereum also showed a technical recovery after losing support at $ 3,000. Amid improving market sentiment, shares of MicroStrategy, which holds a significant amount of bitcoin, rose by 5.82%. The total capitalization of the crypto market reached $ 3.16 trillion, which is 1.26% more than the previous day. Among the altcoins, the largest growth was recorded in Anoma (53.6%), Theta Fuel (22.1%) and Starknet (18.8%).

In the US stock markets, the decline continued: the Dow Jones index lost 1.07%, the S&P 500 — 0.83%, and the Nasdaq Composite — 1.21%. Shares of Nvidia fell by almost 3% amid concerns about the overheating of the artificial intelligence market. Investors are awaiting the company’s quarterly report, which may affect the further dynamics of the technology sector.

According to CryptoQuant, the Composite Ratio index for bitcoin has dropped to 0.72, the lowest level in seven months. If the index stays below 0.75, it could trigger a new wave of selling and a decline to support at $ 87,500. Trader Captain Faibik believes that «the bears are now in full control of the market» and does not rule out a retest of the $ 78,000-$ 80,000 zone in the coming weeks.