Bitcoin plunges below 90,000 and traders are forced to rethink strategies

The sudden drop of Bitcoin to levels near $92,500 during the US session left the market in panic. According to data from Coindesk, the move represented a devaluation of approximately 2% in 24 hours and a 27% retracement from the peak recorded the previous month. The situation is even more critical when we observe that the cryptocurrency not only lost all the year's accumulated gains but also broke through important technical resistances.

**Forecast markets signaled a worse scenario**

Sentiment indicators began to change drastically. Platforms like Polymarket started pricing in a scenario of a much deeper corrective move than a simple retracement. This shift reflects not only the decline itself but mainly the breach of structural levels that professionals expected to defend.

QCP Capital warned that even the most experienced trading desks were not prepared for a weekly close below $100,000. The breach of the 50-week moving average was classified as a cyclical turning point — signaling more than normal volatility.

**On-chain data reveal advanced capitulation**

Glassnode recorded signals indicating advanced-stage capitulation, suggesting smaller investors are leaving positions. However, CryptoQuant offered a different perspective: realized losses still remain at minimal levels. The emerging pattern is intriguing — while small investors give up, long-term holders continue to take advantage of strength moments to unload positions.

In this volatile context, Bitcoin oscillates around $87,370, reflecting the uncertainty dominating the market. Traders now need to decide whether this decline represents an accumulation opportunity or if new lows are still to come.