Bitcoin Death Cross: Bitcoin, the world’s biggest cryptocurrency, on Monday fell to trade below the $93,000 mark at $92,985, its lowest level in the past six months. The crypto has declined more than 13% in the past week and cracked over 30% from its October all-time high, amid profit-booking, slower ETF inflows, and temporary macro uncertainty due to the US shutdown. Experts advise traders to manage risk and wait for confirmed signals before taking new positions.
After falling below $93,000 in the morning, Bitcoin has recovered a bit. The crypto is currently trading at $95,137.67, giving the world’s largest cryptocurrency a market capitalisation of about $1.9 trillion. Over the past 24 hours, trading activity has been strong with volumes of $75.51 billion, even as the token has slipped 0.76% during the same period. The circulating supply now stands at 19.95 million BTC, and prices are being updated continuously in USD terms.
Bitcoin At ‘Death Cross’
Bitcoin is now down nearly 30% from its October peak of $126,198, and traders are watching a key technical pattern that’s on the verge of flashing red. The cryptocurrency has formed what chart analysts call a “death cross”, when the 50-day moving average dips below the 200-day moving average, a setup traditionally interpreted as a sign of fading momentum.
Right now, Bitcoin’s 50-day moving average stands at $109,964, which is below the 200-day average of $110,468. When the shorter-term indicator slips beneath the longer-term trend line, the crossover completes. Many chart watchers view this formation as a bearish trigger because it suggests near-term weakness overpowering the broader trend.
What Should Investors Do Now?
Avinash Shekhar, co-founder & CEO of Pi42, said, “Bitcoin’s drop below the $100,000 psychological mark has shifted the market into a more reflective phase, after a weekend that wiped out much of the year’s gains and saw the asset dip under $93,000. This is less about a single trigger and more about a market digesting overstretched sentiment, thin liquidity and rotating narratives. Attempts to stabilise near $95,000 are visible but every rebound is meeting supply as both institutional and retail participation remain muted.”
Ethereum is holding key zones yet ETF outflows continue to weigh on momentum, while altcoins like XRP are moving on very asset-specific flows that are not translating into broader conviction. This environment demands sharper research, patience and disciplined allocation because recoveries in such phases are usually slow, uneven and driven by clearer improvements in liquidity, he added.
According to CoinSwitch Markets Desk, “BTC, after a period of consolidation, dropped below $100K but has since seen a partial recovery and stabilized in the $94K-$95K range. The pullback was driven by long-term holders taking profits, slower ETF inflows, and temporary macro uncertainty. With the U.S. shutdown delaying key economic data and uncertainty around rate cuts, investors remain cautious.”
BTC is holding firm above the $93K support zone while facing near-term resistance at $95K and a stronger ceiling at $96K-$96.5K.
“Until a clear macro catalyst or fresh institutional flows emerge, Bitcoin may continue moving sideways. Traders should manage risk and wait for confirmed signals before taking new positions,” according to CoinSwitch Markets Desk.
Other cryptos were also under pressure on Monday. Ethereum was trading 0.6% down at $3,190.02, BNB fell to $934.28, and XRP slumped to $2.25.
