Bitcoin fell to its lowest level since May on Sunday before paring some losses, as sentiment across the cryptocurrency market remained stuck in extreme fear. The Crypto Fear & Greed Index stood at 10, in its extreme fear band, after being at the same level on Saturday.
bitcoin was trading around $95,087 at 6:20 pm UTC, down 1% in the past 24 hours after briefly falling below $94,000 earlier in the day, its lowest point since May 6 according to TradingView data.
In all the major leagues, ether fell 3.23% to $3,113, XRP fell 2.1% to $2.21, BNB fell 1.6% to $926.21 and solana fell 3.6% to $137.79.
Analysts see room for deeper declines
Crypto analyst Ali Martinez said on X that bitcoin had broken out of a channel, arguing the move could open the door to a possible drop toward $83,500.
Analyst Benjamin Cowen noted that Bitcoin recorded a death cross, adding that previous examples often marked local lows. He said bitcoin would need to rebound in the coming week for the cycle to remain intact and warned that failure to do so could lead to another drop before a larger rally to the 200-day moving average occurs. Cowen urged traders to “trade in the market you have, not the market you want.”
Retail panic signals possible reversal
Market intelligence platform Santiment said bitcoin discussion rates soared to a four-month high during Friday’s drop below $95,000, pointing to elevated retail fears. The firm said such increases in social dominance may increase the likelihood of market reversals, although it emphasized that the pattern is not a guarantee.
Michael Saylor Hints at Big Bitcoin Buy
Strategy (MSTR) CEO Michael Saylor noted that the company will announce its latest bitcoin acquisition on Monday, posting the phrase “Big Week” on X, and attached a screenshot of StategyTracker, the leading real-time bitcoin treasury analysis platform.
Gold extends its lead over digital assets
Market strategist Charlie Bilello noted that gold is up 55% this year, calling it the best-performing major asset of 2025, while he called bitcoin (up about 1%) the worst-performing major asset. He described the divergence as the reverse of 2013 and noted that such dynamics had not appeared in any previous calendar year.
