Bitcoin fell sharply into the $75,000 range on Monday, breaking below key technical support levels amid broad selling across cryptocurrency markets.
Aggregate data from major exchanges recorded Bitcoin falling from $84,356 to $75,644 over several hours. The move pushed BTC below $80,000 for the first time since April 2025 and caused forced liquidations in derivatives markets.
The decline erased more than 10% of recent gains and marked one of the steepest daily drops of the year.
Sharp drop triggers liquidations
The $82,500 support level failed quickly, and the price moved through low-liquidity areas with minimal dip-buying until reaching the mid-$70,000 range.
Daily charts show Bitcoin also fell below a rising trendline from late December and under the 50-day exponential moving average near $90,000, which now acts as resistance. CoinGlass reported $798 million in crypto liquidations on Monday, including over $200 million in Bitcoin long positions.
Weekend losses had already removed more than $2.4 billion from leveraged bullish bets, amplifying selling pressure. Falling prices in gold and silver added strain, as some traders liquidated Bitcoin holdings to offset losses in metals markets. Investors also faced uncertainty over monetary policy.
The nomination of Kevin Warsh as the next Federal Reserve chair raised expectations of tighter liquidity, which could reduce support for speculative assets.
On-chain data indicates renewed buying
Network metrics showed an increase in new Bitcoin addresses over the past 24 hours, the largest daily rise in nearly two months. Bitcoin declined roughly 6%–8% during the sell-off, while gold posted larger losses. This suggests some investors continued to consider Bitcoin comparatively resilient amid market turbulence.
Traders are observing whether trading volume stabilizes or if further forced liquidations occur.
The asset remains below $82,000, keeping the risk of additional declines elevated. Breaching round-number milestones such as $80,000 often prompts additional selling, which can accelerate declines.
Partial U.S. government shutdown adds uncertainty
The sell-off coincided with a partial U.S. government shutdown after Congress failed to pass a full-year spending package. The Senate approved temporary funding to maintain most agencies through September, while a stopgap measure for Homeland Security awaits House approval.
This political uncertainty may have contributed to cautious behavior in risk markets.
Recap
Bitcoin’s drop to the mid-$70,000s demonstrates the effects of technical weakness, liquidations, and market uncertainty. At the time of writing, BTC trades at $77,965, down 7% over 24 hours, with daily trading volume around $75 billion.
Investors and analysts are closely monitoring whether this level will hold and how market participants respond in the coming sessions.
Anastasiia G
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