CMC News

$BTC Drops Below $93K, Erases All 2025 Gains Amid Cycle Concerns

#Bitcoin fell below $93,000 on Monday, erasing all gains made in 2025 as the cryptocurrency declined 27% from its October record high. The asset traded around $92,123 after dropping 2.3% in 24 hours and approximately 13% over the past week, with #trading volume more than doubling to $114 billion.

About $335 million worth of Bitcoin derivatives contracts were liquidated in the past day, pushing total crypto market liquidations to $725 million over 24 hours. $ETH hovered above $3,000, down 2% in 24 hours and 15% over the past week.

Analysts at Singapore-based crypto trading firm QCP Capital noted that breaking below the 50-week moving average and closing under $100,000 for the first time since May 4 cemented a more cautious tone across digital asset markets. Talk of the #Four-YearCycle nearing its end has added to bearish sentiment, according to the firm.

Bitcoin experiences a halving event roughly every four years, typically followed by a significant price drawdown 12 to 18 months later. After the April 2024 halving, $BTC neared the end of that window in October. Some analysts now suggest the cycle may be delayed rather than ended.

QCP flagged $92,000 as a key support level that served as a lower bound late last year and early this year. The region coincides with an unfilled CME gap, increasing odds of a short-term technical bounce if tested. Dense overhead supply could limit rebound strength, the analysts wrote, adding that rising macro uncertainties and sluggish liquidity returning to crypto markets keep the picture fragile.