Morning Minute: Bitcoin Falls Below $95K, Bears Rekindle Debate
Bitcoin slipped below $95,000 in a sharp morning sell-off, dragging order books and lifting implied volatility as traders reassessed near-term risk. The move reignited debate among market participants about whether yesterday's softness marks the start of a sustained downturn after weeks of choppy gains. Altcoins and crypto-linked equities also fell as risk appetite waned, and several derivatives venues showed brief swings in funding that favored short positions.
Why it matters: a sustained break beneath this level could force deleveraging among leveraged longs and pressure institutional products tied to crypto performance. Participants will be watching on-chain flows, futures funding, and macro headlines for confirmation; for now the session has shifted sentiment toward caution and raised the bar for bulls to reclaim momentum.