BEARISH 📉 : Bitcoin slides to 2026 lows with market under broader pressure

The recent decline in Bitcoin prices has reached levels not seen this year, briefly trading near the low $75,000 area. This drop is part of a broader pressure on risk assets, not exclusive to cryptocurrency.

Bids Cluster Below $73k

Order books show buy interest between $71,500 and $64,000.
Liquidations have intensified the downturn, with forced closures of leveraged positions causing sharp declines.

Market Analysis

Joe Burnett from Strive notes that the current price action aligns with historical patterns of rapid adoption and price discovery.
Volatility like a 45% drawdown is within historical norms for Bitcoin.

Factors Influencing the Drop

The decline in US tech stocks, especially those connected to AI infrastructure, has impacted risk appetite.
Major tech companies like NVIDIA and Microsoft have contributed to market caution due to earnings concerns and high-cost AI projects.
Retail and institutional dip-buying has been observed, indicating some confidence in recovery.

Bitcoin Chart

This volatility is part of a broader market pattern rather than an isolated event, suggesting that while challenging, it fits into Bitcoin's historical price movements.