| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107349.9300000000 |
| ETH | $2437.1850000000 |
| BNB | $646.1292000000 |
| XRP | $2.1950960000 |
| ADA | $0.5630971000 |
| SOL | $149.7075000000 |
| DOGE | $N/A |
| DOT | $3.3746900000 |
| LTC | $86.7769000000 |
| LINK | $13.2466200000 |
Category: CRYPTO NEWS
The post Bitcoin (BTC) Faces Critical Juncture Amid Market Volatility appeared on BitcoinEthereumNews.com. Joerg Hiller Jun 09, 2025 04:42 Bitcoin’s recent drop from its all-time high highlights the challenges posed by macro risks and liquidation events. Analysts observe key support levels and a potential shift in market dynamics. Bitcoin (BTC) has reached a pivotal moment as it experiences a significant decline from its previous all-time high. This downturn is largely attributed to a combination of profit-taking by long-term holders, increased macroeconomic risks, and a substantial deleveraging event, according to Bitfinex Alpha. Market Dynamics and Liquidations On June 5, Bitcoin’s price correction led to over $875 million in long liquidations within a single day, marking a sharp reset of leverage in the market. Over the past week, total liquidations have surpassed $1.9 billion, underscoring the volatility and the need for a recalibration of market positions. The technical analysis reveals that Bitcoin’s ascent was primarily driven by genuine demand, evidenced by a spot-led rally. Key accumulation zones were identified between $93,000 and $96,000, as well as $102,000 to $104,000. On-Chain Indicators and Support Levels On-chain data indicates a growing sell pressure as older Bitcoin holders begin to offload their assets. The Spent Supply Distribution (SSD) quantiles and Short-Term Holder (STH) Cost Basis bands highlight critical support levels. The SSD 0.95 quantile at $103,700, followed by $97,100 (STH Cost Basis) and $95,600 (SSD 0.85), serve as potential demand re-entry points. The $83,200 level is noted as a significant risk-off point. Macroeconomic Influences Beyond the crypto market, the US economy is exhibiting signs of strain. Job growth slowed in May amidst ongoing trade tensions and tariff uncertainties. Despite solid wage gains, a shrinking labor force and downward revisions in past employment data suggest a weakening labor market. The manufacturing and services sectors are also contracting due to rising input…
2025-06-10T03:15:10+00:00