Bitcoin ($BTC) has reportedly exited the recent trading range between 90-100k. Bitcoin’s price has dipped below the $90K spot for the first time in 2025. This signifies that selling pressure is continuously building on the market momentum. BTC went below to $87,100 for a while however, it is currently trading at $88,990.

There are also rumours that Bitcoin is dumping its BTC, ETH and SOL stocks, a likely reason behind today’s price slump.

🚨RUMOR:

BINANCE IS DUMPING MASSIVE AMOUNTS OF $BTC, $ETH, AND $SOL TO TRIGGER LONG LIQUIDATIONS…

AND BUY BACK LATER AT LOWER PRICES! pic.twitter.com/08MWLiSegM

— CryptoGoos (@crypto_goos) February 25, 2025

Bitcoin Dip Below $90K Mark Shows Sustained Downside Pressure

QCP Capital’s data discloses that breaking below $90K points toward significant liquidations. Particularly, over the recent few hours, this has led to a cumulative $200M in liquidations. At present, market sentiment is considerably low, influenced by macroeconomic and geopolitical developments. This takes place after the announcement of exclusive tariffs on Mexico and Canada by the United States President Donald Trump.

Apart from the tariffs on the above-mentioned jurisdictions, The Chinese investments have also signal restrictions. These developments have shaken the investors throughout diverse asset classes. However, the conventional markets like equities, gold, and fixed income have mostly stabilized after former sell-offs. Even then, the slump in Bitcoin’s price highlights that the crypto market is still sensitive to outside changes.

While Bitcoin has dipped, front-end gamma started playing its role, paving the way for a rise in volatility. Hence, the 1-month implied volatility has reclaimed the 50 mark, indicating increased market uncertainty. Interestingly, options market has not witnessed any noteworthy changes despite the recent downturn.

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Another prominent trend emerging from the broader market decline is a constant surge in the top crypto asset’s market dominance in comparison with the altcoins. Thus, the latest capital is seemingly entering the Bitcoin market instead of the other crypto assets. This shows that the investors prefer Bitcoin as their primary choice rather than the rest of the cryptocurrencies.

Market Onlookers Keep Looking for Indications of Retrieval or Further Decline

According to QCP Capital, while Bitcoin is testing crucial support levels, investors and traders are keenly looking for the potential outcomes. It remains to be seen whether Bitcoin sees a continued retrieval or additional downside pressure below $90,000. More liquidations could push prices further lower.