"Bitcoin is in a Stagnation Period: New Dip Search Has Begun"

As the price of Bitcoin tests its lowest level since May, extreme fear has begun to dominate the market once again. Bitcoin (BTC) dipped below the 94 thousand dollar level over the weekend, revealing the weak risk appetite in the market once more. The Crypto Fear & Greed Index remaining at 10 indicates that investors are watching the current decline in search of a potential bottom.

On Sunday evening, Bitcoin was trading at approximately 95 thousand 087 dollars, losing 1 percent in the last 24 hours and testing its lowest level since May 6. This weakness was not limited to Bitcoin; Ethereum (ETH) fell 3 percent to 3 thousand 113 dollars, XRP decreased 2.1 percent to 2 dollars 21 cents, BNB dropped 1.6 percent to 926 dollars, and Solana (SOL) declined 3.6 percent to 137 dollars.

Senior crypto analyst Ali Martinez stated that Bitcoin has broken down from its current price channel, increasing the likelihood of a pullback towards 83 thousand 500 dollars. Meanwhile, analyst Benjamin Cowen pointed out that the death cross signal seen in Bitcoin has often indicated local bottoms in the past. Cowen emphasized that Bitcoin needs to react within the next week to prevent a disruption of the cycle.

Market strategist Charlie Bilello made an interesting comparison, noting that gold has risen by 55 percent this year, becoming the best-performing asset of 2025, while Bitcoin has only managed to stay about 1 percent up, making it the year's weakest major asset. This stands in stark contrast to 2013.

On the U.S. side, uncertainty continues. U.S. Treasury Secretary Scott Bessent stated that the "dividend payments" announced by President Donald Trump, which will be financed by 2 thousand dollar tariffs, require Congressional approval. The optimism previously created by this plan had led investors to expect increases in spending and entries into crypto.

Though it is early to say the market is completely dark, Santiment data shows that Bitcoin discussion rates reached a four-month high on the day BTC fell below 95 thousand dollars. It highlighted that an increase in social dominance during such periods could raise the likelihood of a potential reversal. However, it also added that this is not guaranteed. In this environment, while investors debate the possibility of a deeper decline, they believe that extreme fear could strengthen the search for a bottom.