Bitcoin Surpassed 90 Thousand Dollars, Extreme Fear Prevails in the Markets

The price of Bitcoin fell to 89,420 dollars, marking a sharp correction that erased the gains of 2025, triggering extreme fear signals in the market. Starting the new week with sharp sell-offs, Bitcoin dropped below 90,000 dollars, negatively impacting investor psychology.

Approximately six weeks ago, Bitcoin set a record high of 126,250 dollars, but has entered a significant pullback process with its current levels. Over the weekend, Bitcoin failed to reclaim the support level of 93,700 dollars and fell below the 200-day moving average. Additionally, the 'death cross' signal formed by the intersection of the 50-day and 200-day trend lines has intensified selling pressure, deepening investor concerns.

This technical outlook is noteworthy as it could lead to sharper corrections, especially during periods of weak liquidity. It is worth noting that more than 25 billion dollars was recorded in inflows to U.S. spot Bitcoin ETFs in the first half of the year; however, this flow has nearly halted over the past two weeks. Analysts indicate that concerns over the Trump administration's tariff policy potentially creating a new wave of inflation and the Federal Reserve (Fed) delaying expected interest rate cuts have lowered investors' risk appetite.

The slowdown of institutional purchases has further weakened the current crypto market outlook. The Extreme Fear Index in the crypto market has dropped to 11, marking the lowest level seen since the 2022 bear market. Social media data also show that Bitcoin's social dominance is rapidly rising; this situation often emerges during times when investors tend to shift from altcoins to Bitcoin.

Analysts emphasize that if the 93,000 dollars level cannot be reclaimed in the short term, a liquidity gap could open towards the 86,000 to 88,000 dollars range. However, it is also known that such sharp shifts in sentiment can frequently trigger short-term relief rallies. If ETF outflows stop and macro data softens, a similar recovery possibility remains on the agenda.

On the other hand, Dan Tapiero, founder of 50T Holdings, considers short-term volatility to be noise and stated that the long-term outlook remains strong. Tapiero indicated that the demand from some investors for stablecoins and tokenized assets would return, noting that Bitcoin's fundamental dynamics have not been disrupted.