en.bitcoinsistemi.com
As selling pressure deepens in the Bitcoin (BTC) market, the leading cryptocurrency has fallen below $67,000, reaching its lowest level in 15 months. Analysts say the price movements indicate “full capitulation mode.”
The downward trend of recent months has wiped out 44% of Bitcoin’s value since its all-time high of approximately $126,000 reached in October 2025. The price falling below $67,000 has increased concerns among investors about a longer-term bear market.
Coin Bureau investment analyst Nic Puckrin suggested that Bitcoin could fall to $55,700 if it fails to hold above the $70,000 level. Puckrin stated that $70,000 is a psychological threshold, adding, “It’s clear that the crypto market has now fully entered capitulation mode as Bitcoin continues to slide below this level.” According to the analyst, the decline is being driven by heavy selling by large Bitcoin whales and some institutional investors reducing their positions.
Puckrin, referring to past cycles, stated that the current process might be a “transition from dispersal to reset” rather than a short-term correction, and that such transitions can take months, not weeks.
Zack Shapiro, policy director at the Bitcoin Policy Institute, argued that long-term fundamentals, particularly institutional adoption, remain strong. However, Shapiro stated that a price drop to around $58,000, the 200-week moving average, would not be surprising, representing a further decline of approximately 15% from current levels. He added that both panic selling and profit-taking by early investors are currently affecting the market, with sellers currently outnumbering buyers.
Technical strategist Katie Stockton also predicts that if the $70,000 level is broken significantly to the downside, the price could fall to around $57,800. Stockton noted that a break below the “cloud” indicator on the weekly chart signals a loss of momentum in the cyclical uptrend, suggesting a more volatile period in the coming months.
More drastic scenarios are also on the table. In a note sent to clients, US investment bank Stifel suggested, based on its analysis of bear market lows over the past 15 years, that Bitcoin could fall by 45% from current levels, dropping to as low as $38,000.
The sharp sell-off in the crypto market mirrors the weak performance in traditional markets. A surprise increase in weekly jobless claims in the US has unnerved investors, leading to declines in stock markets. The Dow Jones Industrial Average fell 1.1%, the S&P 500 dropped 1.3%, and the technology-heavy Nasdaq Composite declined 1.8%. The Russell 2000 index, which tracks small-cap companies, experienced a relatively more limited loss, falling 0.3%.
Selling pressure was also noticeable in the commodities market. Spot silver fell below $73, experiencing a loss exceeding 17% during the day, while New York silver futures also dropped below $72, registering a double-digit decline.
*This is not investment advice.