Over the weekend, Bitcoin unexpectedly dropped below the $90,000 mark, triggering a chain reaction in the market. Many people immediately focused on the geopolitical situation, especially the actions of the US in South America, which seemed to directly pull the trigger on the crypto market.



Let's first look at the surface. Although Bitcoin is often called "digital gold," and theoretically should shine during safe-haven periods, this time the situation is a bit special — it plunged along with traditional stocks. What does this indicate? It suggests that this is not just a cryptocurrency issue, but a resonance across the entire financial market. US stocks are falling, cryptocurrencies are falling, and behind it all is systemic risk transmission.

A detail worth noting is that Bitcoin has been oscillating repeatedly between $80,000 and $90,000, indicating that funds are holding tightly at this support level. Breaking below the $90,000 threshold is like the first domino falling, and in the short term, it may continue to test lower levels. But the question is, has this decline been over-interpreted? After all, the specific impact of US-Ukraine conflict on the global financial system is not yet fully clear. Don’t be led by short-term volatility; sometimes market reactions can be much more ahead of the actual impact.

From a broader perspective, the "love-hate" relationship between the crypto market and traditional financial markets has always existed. In the past, some believed Bitcoin should act independently, but the reality is it is increasingly tied to the global financial system. Geopolitical tremors can propagate through multiple channels and ultimately influence the crypto space. The current issue is not whether Bitcoin will rebound, but when the situation will become clearer.

From a trading perspective, around $80,000 now might be a critical support level. If this level cannot hold, we may see a larger correction. However, this panic phase is also often a breeding ground for opportunities, depending on individual risk tolerance and judgment.
BTC0,12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
RektButAlivevip
· 01-05 12:06
Is this another set? Basically, traditional finance is coughing, and the crypto circle is sneezing. --- If I can't hold 80,000, I'll go all in directly. Anyway, I'm already trapped. --- Geopolitics? Wake up, it's just whales dumping, don't overthink it. --- Over-interpretation +1, every time it drops, stories have to be made up. So annoying. --- The dominoes analogy is really brilliant. Now just waiting for the second brick to fall. --- Opportunities? The opportunities you talk about are probably my bagholders, haha. --- It's hilarious. Bitcoin used to act independently? What era are those dreams from? --- If 90,000 breaks, then it breaks. Anyway, I'm already numb. --- People still discussing support levels at this time are the rich. I just want to know when it will bounce back. --- Risk tolerance? I've been bankrupt long ago. Now, I'm just enjoying the feeling of freedom.
View OriginalReply0
HashBrowniesvip
· 01-03 23:21
If 90,000 breaks, it breaks. Anyway, I already cleared my positions long ago, now it's all just watching the show mode. Wait, can geopolitical issues really directly cause a market crash? Feels like it's being over-interpreted again. If 80,000 can't hold, I'll start buying the dip. Just watch how those institutions defend the market. This time is different; BTC is falling along with the US stock market, indicating the connection is too tight, and it really can't be independent. Systemic risk and domino effects again. Honestly, no one can predict what will happen next. Is panic a good opportunity? Ha, only if you survive until then.
View OriginalReply0
zkProofInThePuddingvip
· 01-03 18:51
It's another case of geopolitical issues. Why do I feel that every time it drops, it can be linked to this? Is breaking 90,000 the end? Wake up, we're holding at 80,000. Don't get cut by panic. Bitcoin and US stocks plunging together—what does that mean? We're all in the same boat; independent action is just an illusion. Is this decline really that severe, or is the market overreacting? Time will tell. Opportunities often arise in panic; it all depends on whether you're willing to get on board.
View OriginalReply0
ApyWhisperervip
· 01-03 18:51
Still spinning geopolitical stories, the crypto world loves to shift blame... Breaking below 90,000 is really just that simple, I saw it coming a long time ago. If 80,000 doesn't hold, I'll eat my hat live, but... jumping out now is a bit early. Sounds like independence, but it's been messed up by Wall Street big shots long ago. This wave of panic gives me a reason to buy the dip at low levels, let's gamble. Geopolitical conflicts? I think it's just institutions dumping to clear out their positions. Many people should start buying the dip now, stop looking at technicals, brothers. Whenever the US stock market dips, it drags down the crypto world—when will we finally break free? Short-term volatility is over-interpreted, but the problem is retail investors can't bear it.
View OriginalReply0
EternalMinervip
· 01-03 18:50
Another weekend dive, can 80K hold? Nobody believes in digital gold anymore Yesterday we were talking about safe-haven assets, and now they’re plunging together with the US stocks—laughable This round might not just be a crypto thing; systemic risk is the real killer Support levels keep tugging back and forth, once it breaks 90K there’s nothing good to say, what kind of opportunity is that Feels like everything is tied together, what independence? That’s bullshit Ask around how long 80K can hold, it’s pretty fierce in the short term Is anyone bottom-fishing? Or just watching the show... Over-interpretation or under-interpretation, both lead to losses; the key is when things will become clear This time, the geopolitical transmission chain is too long; the crypto world is still just following along to be sacrificed Opportunity? During panic, I see nothing but cutting losses
View OriginalReply0
ForkThisDAOvip
· 01-03 18:47
Is this coming again? Every time it drops, it's blamed on geopolitical issues, or is the crypto circle just this way? BTC can't be independent at all; it's high time to see this reality clearly. If 80,000 can't be held, I'll buy the dip. Anyway, what's there to fear? Someone has to take the buy-in. Over-interpretation? I think it's not enough; the US-China conflict is far more complicated than you imagine. If this wave is truly systemic risk, it’s ridiculous for traditional finance to drag down the crypto circle. Panic period = opportunity? Sounds like only those trapped say that. The domino effect metaphor is overused; every time it drops, it's said again. If the support level can't hold, it just can't hold; anyway, we can't change that. Stop guessing blindly. Isn't it better to look at the data? On-chain activity is the real signal. This is just the beginning; let's wait until things become clearer.
View OriginalReply0
TrustlessMaximalistvip
· 01-03 18:45
Starting to shift blame to geopolitical issues again, I'm tired of this explanation Another 90,000 not held, does it feel like BTC is becoming more and more like stocks Honestly, every time it drops, someone brings up politics, but why does no one mention it during rebounds? Is 80,000 the bottom? Who the hell really knows, anyway I still hold coins Panic period = buying the dip opportunity? Good idea, but I don't have the money This round of selling was a bit fierce, feels like another washout is coming The resonance in financial markets, to put it simply, is that no one dares to move Digital gold? Laughable, it's less resilient than gold during drops 80,000 can hold as a win, otherwise, just keep going down
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)