Market Expert Explains the Reason Behind Bitcoin’s Recent Drop and Why It Was So Sudden – Shares the Range Where He Expects the Decline...

Bitcoin’s price plummeted sharply to $67,000, breaking a critical support level.

Market experts note that the price is accelerating its downward movement by passing through an air gap region where trading history is quite limited. According to André Dragosch, Head of Research at Bitwise Europe, there is insufficient trading volume in such regions, preventing the historical buying interest needed to slow the price decline. Dragosch stated that trading is mostly clustered in the $58,000–$69,000 range.

The concept of an “air gap” describes a price range where very few buy and sell transactions occur. When the price falls below these areas, the decline can be sharper and faster because there are no strong buying walls that have formed in the past. Bitcoin has lost more than 20% of its value in the last week, and has lost almost half its value since its all-time high recorded in October 2025.

The recent decline wasn’t limited to the cryptocurrency market. A global sell-off triggered by weak employment data fueled concerns about AI investments and economic fragility. Stock and commodity markets also experienced sharp pullbacks. Gold fell 13% and silver 36% in the past week.

Bitcoin falling below the $69,000 level is also seen as a psychologically critical threshold. This level represented the peak of the previous bull cycle in November 2021. A drop below this point signals a serious breakdown in investor confidence.

According to on-chain analytics company Glassnode, the recent decline triggered the second largest wave of capitulations in the last two years. The company noted that such periods of stress typically coincide with accelerated risk reduction and increased volatility. This indicates that many investors were liquidated or resorted to panic selling to limit their losses.

*This is not investment advice.