Bitcoin has dropped below $78,000, losing over 5% today and more than 23% since February 2025. The rapid decline signals growing unease among investors, with institutional players and large holders scaling back their positions. This shift raises concerns about Bitcoin’s near-term trajectory, as reduced whale activity often precedes further downside.
Adding to the uncertainty, former President Donald Trump’s executive order establishing a Strategic Bitcoin Reserve initially sparked excitement but quickly led to disappointment. Instead of buying Bitcoin outright, the government plans to use seized BTC, crushing hopes of large-scale acquisitions.
The market’s response? Bitcoin tumbled below $78,000, reflecting investor discontent before attempting a modest recovery.
Bitcoin Whale Holdings Plunge – A Warning Sign?
Whale holdings, a key indicator of institutional confidence, have dropped to their lowest level in six years. According to IntoTheBlock, the amount of BTC held by large investors has fallen to 2019 levels, coinciding with Bitcoin’s struggle to maintain momentum above $90,000.
The aggregate amount of BTC held by whales has dropped to its lowest since 2019, marking a six-year low! pic.twitter.com/VnYNHZG7Bb
Bitcoin has lost ground for two consecutive weeks, pressured by increased selling.
Net flows among large holders have dropped by 85% in seven days, showing reduced confidence.
More Bitcoin is leaving whale addresses than entering, signaling a shift in behavior.
This retreat from long-term holders suggests growing concerns about Bitcoin’s ability to sustain its past gains. Historically, whale sell-offs often precede deeper corrections, making this a trend worth watching.
Bearish Forecasts Emerge – Could BTC Drop to $70K?
Market analysts are turning increasingly cautious. Bloomberg Intelligence’s Mike McGlone warns that Bitcoin could mirror the Nasdaq 100’s post-dot-com collapse, where the index fell 80% after its peak. His BTC price target? $70,000 this year.
The reasoning is simple: macro uncertainty and tighter monetary policy are driving investors toward safer assets like gold, while Bitcoin is behaving more like a risk-on asset tied to broader market cycles.
Stock market volatility is adding pressure on BTC as investors offload high-risk holdings.
Federal Reserve policy remains a key driver, with interest rates influencing liquidity.
If inflation stays high, Bitcoin could struggle further, following traditional assets lower.
Bitcoin Breaks Below $80K – Is $76K the Next Target?
Bitcoin (BTC/USD) is under continued selling pressure, currently trading at $78,479, down 1.91% in the last session. The price has breached the $80,000 psychological support and is testing the key $78,196 support zone. If this level fails to hold, BTC could slide further toward $76,198 and possibly $74,417.
BTC remains below the 50-period EMA ($86,039) and the descending trendline, reinforcing bearish momentum. Bulls need a reclaim of $83,568 for a potential recovery.
Until then, the bearish trend dominates, with lower support levels acting as key decision points for traders.
BTC Bull: Earn Bitcoin Rewards with the Hottest Crypto Presale
BTC Bull ($BTCBULL) is gaining traction as a community-driven token that rewards holders with real Bitcoin. Unlike conventional meme tokens, BTCBULL airdrops BTC automatically when Bitcoin reaches key price milestones, offering a strong incentive for long-term investors.
Staking & Passive Income Opportunities
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Current Presale Price: $0.002405 per BTCBULL
Total Raised: $3.4M / $3.66M target
With investor interest surging, this presale offers an opportunity to secure BTCBULL at early-stage prices before the next price jump.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
