Криптоаналитики предсказывают обрушение биткоина до $92 000 на фоне растущего давления Translation: Crypto Analysts Predict Bitcoin Collapse to $92,000 Amid Growing Pressure

The price of the leading cryptocurrency has fallen below the level of $104,000 due to the capitulation of new investors. According to crypto analyst Ted Pillows, the next target could be $92,000.

*»Bitcoin is in a state of absolute free fall. There is no strong support until $100,000, which means the coin will likely test this level soon,»* he noted.

The expert pointed out an unfilled price gap in CME Group futures around $92,000, just below the opening price for trades in 2025. A drop below $100,000 could lead to a correction toward that zone.

A trader under the pseudonym Daan Crypto Trades warned that the BTC/USD pair has lost its critical support, which had been maintained over the past few weeks. He stated that the price of the leading cryptocurrency is nearing the lower boundary of the range, *»where the first higher low was previously formed after the drop on October 11.»*

*»There are mass sell-offs by whales every day—such volume is difficult to absorb. Stocks are also showing volatility amid a strengthening dollar. Overall, the current combination of factors appears unconvincing for growth,»* he added.

A trader known as Ardi believes a test of the October 11 lows around $102,000 is likely. Notably, this mark coincides with the 50-week EMA— a crucial level that the price has not touched for seven months.

Marcus Thielen, founder of 10x Research, stated that Bitcoin’s decline has shifted focus to the $100,000-101,000 zone, as reported by CoinDesk. If it drops to those levels, a pullback to $85,000 may occur.

*»Although such an outcome would be a last resort, the risks of further declines remain limited as long as Bitcoin maintains its position above the key downward trend line,»* the expert explained.

The drop has intensified pressure on recent Bitcoin buyers, whose investments are now in the loss zone. According to Glassnode, the NUPL indicator for short-term holders has entered the capitulation zone.

*»Historically, such periods have created favorable opportunities for accumulating assets by patient market participants,»* experts noted.

CryptoQuant analyst Maartuun highlighted that in the last 24 hours, short-term holders have sold 28,600 BTC for a loss totaling $2.9 billion.

According to analyst Axel Adler Jr., the market has experienced «two pronounced periods of heightened stress» in the past week.

The first wave occurred from October 28 to 30, when Bitcoin’s Local Stress Index (LSI) reached 74-75% amid a price drop from $113,000 to $106,000, accompanied by high realized volatility and aggressive selling.

*»A lull occurred on October 31, when the indicator dropped to 30-40%, and the price recovered to $110,000, but the pause was temporary before a new wave of sell-offs,»* the expert noted.

The second wave began on November 2, with the LSI rising to 67-73%, coinciding with intensified bearish signals. Currently, the leading cryptocurrency is trading below the six-hour moving average, and the aggressive selling ratio exceeds 0.51.

*»The market demonstrates structural weakness characterized by growing leverage and a negative liquidity flow, indicating ongoing pressure from sellers,»* Adler Jr. explained.

According to contributors from CryptoQuant’s XWIN Research Japan group, additional pressure on Bitcoin is coming from the ongoing U.S. government shutdown, which has now lasted for two months.

*»According to the Congressional Budget Office, a reduction in federal spending could lower U.S. GDP growth by 1-2% in the fourth quarter. […] There’s not just an increase in fiscal uncertainty, but a freezing of liquidity, and the blockchain is starting to react,»* the experts noted.

The reserves of the leading cryptocurrency on exchanges have increased for the first time in six months. This trend indicates a movement of coins to trading platforms—a classic sign of preparation for profit-taking or risk reduction.

*»Traditionally, this points to a defensive position for traders in anticipation of increased volatility,»* added XWIN Research Japan.

Simultaneously, miner reserves have reached their lowest levels since mid-year, indicating forced sales of coins to cover operating costs. These measures are due to the halt of government support—energy subsidies and tax incentives—amid the prolonged shutdown.

There has also been a record outflow of stablecoins from exchanges, indicating a capital shift from risky assets to dollar-based instruments. Liquidity is migrating from open exchanges to safe-haven assets, analysts stated.

*»The combination of three key metrics paints an overall picture: capital is actively flowing out of the risk zone, and on-chain liquidity continues to shrink. […] For Bitcoin, the current phase is not just a correction for accumulation but a fundamental test of investor conviction, liquidity base, and the market’s ability to remain patient amid institutional dysfunction,»* concluded XWIN Research Japan.

Lastly, trader CrypNuevo suggested the possibility of Bitcoin forming a bottom at $101,000. Sigma Capital CEO Vinit Budki stated there is a high probability of the leading cryptocurrency falling by 70%.