Bitcoin slips under $92,000 as market volatility escalates
On March 15 2025 Bitcoin slipped under the $92,000 psychological barrier, trading at $91,985 on Binance USDT. The move shattered a key technical support that had held for weeks and was accompanied by a 35% surge in 24‑hour volume. Sell‑side liquidity piled above $92,500 while buy orders thinned below $91,800, hinting at further downside pressure. A hawkish shift in global interest‑rate expectations redirected capital toward safe‑haven assets, hurting risk‑on markets like crypto. On‑chain signals turned bearish: net inflows to exchanges rose, the NUPL entered a distribution zone, and the MVRV Z‑Score indicated moderate overvaluation. Ongoing regulatory debates in major economies added to trader uncertainty. Derivatives amplified the sell‑off as the break triggered stop‑losses in perpetual futures and a surge of $90k‑strike puts. Nonetheless, institutional spot‑Bitcoin ETFs, holding over 850,000 BTC, provide a demand floor. Analysts now watch the 100‑day moving average near $88,500 and the $84,000 prior‑cycle high for support, while core holders remain resilient, keeping the network’s hash rate at record levels.
