Bitcoin (BTC) and Ethereum (ETH) have been affected by huge sales pressure, because fear attaches not only the cryptographic market, but also USA. The entire cryptographic sector struggled among the negative macroeconomic conditions, and investors uncertain as to the next vital market movement.
The fears of the global trade war and irregular changes in the policy of the US President Trump’s administration fueled volatility and uncertainty, creating a hostile environment for investors. As a result, the American stock market has fallen to the lowest level since September 2024, bringing cryptographic prices along with classic assets. Without a clear relief in sight, traders remain on the edge, because both shares and crypto are fighting to maintain key levels of support.
The key indicators for the Cryptoquant chain reveal that the open interest in Bitcoin and Ethereum Futures has dropped significantly, reflecting a clear change in investors’ moods and speculative activity. The decrease in open positions suggests that traders leave the market due to liquidation or risk aversion, increasing the uncertainty related to the price of Bitcoin and Ethereum.
With markets under pressure, the coming days will be crucial for determining whether BTC and ETH can get back or before us.
Bitcoin decreases 19% as the fear increases
Bitcoin has fallen by more than 19% since the beginning of March, and fear and uncertainty dominate in market moods. Many investors now believe that the bull cycle is over, because BTC is trying to recover key levels, and bear fondness sets modern inheritance goals. As sales pressure increases, salesmen carefully observe whether Bitcoin can stabilize or whether further losses are ahead of us.
Since the US elections in November 2024, macroeconomic variability and uncertainty have fueled the market. The growing fears of the trade war, unpredictable changes in politics and global economic instability contributed to the constant weakness in the field of risk assets, including both cryptographic and American actions. For those conditions that will persist, Bitcoin remains susceptible to more price fluctuations.
Best analyst Axel Adler has released observations about XThe disclosure of a significant decrease in interest in open bitcoins and Ethereum Futures indicates a significant change in investors’ moods and speculative activity. Traders leave their positions among increased uncertainty. According to Adler, open interest BTC Futures fell by $ 668 million, while Futures ETH fell by $ 700 million. In total, positions worth $ 1.368 billion were closed on both instruments.
Adler notes that this liquidation wave represents partial market reset because lever traders go to the market. Although this may signal reduced speculative pressure, Bitcoin still has to recover key levels before recovering.
BTC is fighting below the key average movable
Bitcoin currently has USD 81,500, because it has lost the 200-day movable (ma) and interpretation average (EMA) in the range from 85,000–82,000 USD. This failure placed BTC in a weaker position, increasing the risk of further declines, unless bulls can regain key resistance levels.
To recover the rush, bulls must keep the company above USD 80,000 support and go back above USD 85,000. Robust movement behind this zone can signal the beginning of the reflection, but the market conditions remain uncertain, which makes the pace of each recovery, are highly unpredictable. Without a decisive push, BTC may remain trapped in the consolidation phase, trying to find the direction.
However, the loss of the range of 80,000–78,000 USD would expose bitcoins to further decreases, and subsequent key support levels are 75,000 USD, and potentially even USD 69,000. If the bears maintain control, BTC may experience another wave of pressure on sale, delaying all hopes for recovery. The upcoming days will be of key importance for determining whether Bitcoin may stabilize or whether further declines are on the horizon.
Recommended photo from Dall-E, Tradingview chart
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