Bitcoin Plunges Below $88,000: What Is Going On?

Benzinga

02-25

Bitcoin BTC/USD has tumbled below $88,000, levels not seen since mid-November 2024, as market sentiment reacts to Donald Trump's tariff announcement.

Trader Notes: Crypto chart analyst Ali Martinez warns that BTC is breaking below a parallel channel and could slide to $81,000 unless it reclaims $92,500.

Bluntz Capital notes that Bitcoin is at a key level, where a bounce is possible after both sides of the range have been tested. Failure to hold this level could result in a more severe drop.

if $btc is gonna bounce it should be from right here now that both sides of the range have been taken and if not, well better to not talk about that. pic.twitter.com/K0QDrF0ZWs
— Bluntz (@Bluntz_Capital) February 25, 2025

Veteran trader DonAlt sees Bitcoin's price action as normal market behavior and suggests that the safest approach is to wait for a reclaim of $100,000 before making major moves.

Another veteran trader, Adam, says buying near $85,000 (200 EMA level) makes sense, but warns against blindly bidding at current levels. Structuring the trade is tricky since downside squeezes can go much deeper.

Also Read: Grok 3 Predicts Bitcoin Dominance In 2025, Projects $180,000 Price Target

What's Next: Crypto trader Nic sees Bitcoin is at a critical inflection point, with tariffs triggering a risk-off move that led to BTC liquidations surging to $632.7 million in the past 24 hours.

Coinglass data shows $602.1 million in long liquidations, the highest level since Dec. 5, 2024.

Nic also notes that institutional ETF buyers may have been unwinding cash-and-carry trades with CME futures, further pressuring BTC. He added that the hopes for a strategic reserve have faded, leaving Bitcoin without a clear bullish narrative.

While the trader predicts $70,000 as the next key support level, if the tariffs are reversed Bitcoin could see a relief rally back above prior support.

Read Next:

Bitcoin Is Struggling In 2025 As Gold Clocks New All-Time High But Here Is The Full Picture

Image: Shutterstock

$BTCBitcoin

$87945.08-3.91%

Overview

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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He added that the hopes for a strategic reserve have faded, leaving Bitcoin without a clear bullish narrative.</p>\n<p>While the trader predicts $70,000 as the next key support level, if the tariffs are reversed Bitcoin could see a relief rally back above prior support.</p>\n<p><strong>Read Next:</strong></p>\n<ul>\n<li><strong>Bitcoin Is Struggling In 2025 As Gold Clocks New All-Time High But Here Is The Full Picture</strong></li>\n</ul>\n<p><em>Image: Shutterstock</em></p> </div><div><div><div><div><div><div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_BTC/mark_vector_light__1080eeaca720b0f3c3c797348e7c10e3.svg?x-bz-cred=sb~7XbW2U0CuIYjo4vzv0Y81Ip_rD2iYUmya7jpie-hn_0NMPk4N6wh2YvZ55PaRmBkukIf_bnmknRZBpLX8KeKluvToXrcuWtHOjGztufT5XT9BZiHyRcDktVG9Wp1Ghu6YUrnkLJJh7_pZDKL3yxZo9SziJ2y&amp;x-bz-exp=1740567484&amp;x-bz-security-isin=&amp;x-bz-security-symbol=BTC%2FUSD&amp;x-bz-signature=ac27e2afd6722fd148e501cbb89dd71f8a3ec2544870fc510af285f5d5e8d3c3\" srcset=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_BTC/mark_vector_light__1080eeaca720b0f3c3c797348e7c10e3.svg?x-bz-cred=sb~7XbW2U0CuIYjo4vzv0Y81Ip_rD2iYUmya7jpie-hn_0NMPk4N6wh2YvZ55PaRmBkukIf_bnmknRZBpLX8KeKluvToXrcuWtHOjGztufT5XT9BZiHyRcDktVG9Wp1Ghu6YUrnkLJJh7_pZDKL3yxZo9SziJ2y&amp;x-bz-exp=1740567484&amp;x-bz-security-isin=&amp;x-bz-security-symbol=BTC%2FUSD&amp;x-bz-signature=ac27e2afd6722fd148e501cbb89dd71f8a3ec2544870fc510af285f5d5e8d3c3 1x, https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_BTC/mark_vector_light__1080eeaca720b0f3c3c797348e7c10e3.svg?x-bz-cred=sb~7XbW2U0CuIYjo4vzv0Y81Ip_rD2iYUmya7jpie-hn_0NMPk4N6wh2YvZ55PaRmBkukIf_bnmknRZBpLX8KeKluvToXrcuWtHOjGztufT5XT9BZiHyRcDktVG9Wp1Ghu6YUrnkLJJh7_pZDKL3yxZo9SziJ2y&amp;x-bz-exp=1740567484&amp;x-bz-security-isin=&amp;x-bz-security-symbol=BTC%2FUSD&amp;x-bz-signature=ac27e2afd6722fd148e501cbb89dd71f8a3ec2544870fc510af285f5d5e8d3c3 2x\"/></noscript></span></div><div><div><span>$BTC</span><span>Bitcoin</span></div><div><div><span>$87945.08</span><span>-3.91%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div><div></div><div><div><div></div></div></div></div></div></div><div>Overview</div></div></div></div><div></div><p><em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>Market News and Data brought to you by Benzinga APIs<p>© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</p></div></body></html>","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Plunges Below $88,000: What Is Going On?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Plunges Below $88,000: What Is Going On?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2025-02-25 18:55</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><div itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https://schema.org/Article\"><div><p><strong>Bitcoin</strong> <span>BTC/USD</span> has tumbled below $88,000, levels not seen since mid-November 2024, as market sentiment reacts to Donald Trump's tariff announcement.</p>\n<p><strong>Trader Notes:</strong> Crypto chart analyst Ali Martinez warns that BTC is breaking below a parallel channel and could slide to $81,000 unless it reclaims $92,500.</p>\n<p>Bluntz Capital notes that Bitcoin is at a key level, where a bounce is possible after both sides of the range have been tested. Failure to hold this level could result in a more severe drop.</p>\n<figure><div>\n<blockquote><p dir=\"ltr\" lang=\"en\">if $btc is gonna bounce it should be from right here now that both sides of the range have been taken and if not, well better to not talk about that. pic.twitter.com/K0QDrF0ZWs</p>— Bluntz (@Bluntz_Capital) February 25, 2025</blockquote>\n</div></figure>\n<p>Veteran trader DonAlt sees Bitcoin's price action as normal market behavior and suggests that the safest approach is to wait for a reclaim of $100,000 before making major moves.</p>\n<p>Another veteran trader, Adam, says buying near $85,000 (200 EMA level) makes sense, but warns against blindly bidding at current levels. Structuring the trade is tricky since downside squeezes can go much deeper.</p>\n<p><strong>Also Read: Grok 3 Predicts Bitcoin Dominance In 2025, Projects $180,000 Price Target</strong></p>\n<p><strong>What's Next: </strong>Crypto trader Nic sees Bitcoin is at a critical inflection point, with tariffs triggering a risk-off move that led to BTC liquidations surging to $632.7 million in the past 24 hours. </p>\n<p>Coinglass data shows $602.1 million in long liquidations, the highest level since Dec. 5, 2024.</p>\n<p>Nic also notes that institutional ETF buyers may have been unwinding cash-and-carry trades with CME futures, further pressuring BTC. He added that the hopes for a strategic reserve have faded, leaving Bitcoin without a clear bullish narrative.</p>\n<p>While the trader predicts $70,000 as the next key support level, if the tariffs are reversed Bitcoin could see a relief rally back above prior support.</p>\n<p><strong>Read Next:</strong></p>\n<ul>\n<li><strong>Bitcoin Is Struggling In 2025 As Gold Clocks New All-Time High But Here Is The Full Picture</strong></li>\n</ul>\n<p><em>Image: Shutterstock</em></p> </div><div><div><div><div><div><div><div><span><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"/><noscript><img decoding=\"async\" loading=\"lazy\" src=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_BTC/mark_vector_light__1080eeaca720b0f3c3c797348e7c10e3.svg?x-bz-cred=sb~7XbW2U0CuIYjo4vzv0Y81Ip_rD2iYUmya7jpie-hn_0NMPk4N6wh2YvZ55PaRmBkukIf_bnmknRZBpLX8KeKluvToXrcuWtHOjGztufT5XT9BZiHyRcDktVG9Wp1Ghu6YUrnkLJJh7_pZDKL3yxZo9SziJ2y&amp;x-bz-exp=1740567484&amp;x-bz-security-isin=&amp;x-bz-security-symbol=BTC%2FUSD&amp;x-bz-signature=ac27e2afd6722fd148e501cbb89dd71f8a3ec2544870fc510af285f5d5e8d3c3\" srcset=\"https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_BTC/mark_vector_light__1080eeaca720b0f3c3c797348e7c10e3.svg?x-bz-cred=sb~7XbW2U0CuIYjo4vzv0Y81Ip_rD2iYUmya7jpie-hn_0NMPk4N6wh2YvZ55PaRmBkukIf_bnmknRZBpLX8KeKluvToXrcuWtHOjGztufT5XT9BZiHyRcDktVG9Wp1Ghu6YUrnkLJJh7_pZDKL3yxZo9SziJ2y&amp;x-bz-exp=1740567484&amp;x-bz-security-isin=&amp;x-bz-security-symbol=BTC%2FUSD&amp;x-bz-signature=ac27e2afd6722fd148e501cbb89dd71f8a3ec2544870fc510af285f5d5e8d3c3 1x, https://image-util.benzinga.com/api/v2/logos/file/image/CRYPTO_BTC/mark_vector_light__1080eeaca720b0f3c3c797348e7c10e3.svg?x-bz-cred=sb~7XbW2U0CuIYjo4vzv0Y81Ip_rD2iYUmya7jpie-hn_0NMPk4N6wh2YvZ55PaRmBkukIf_bnmknRZBpLX8KeKluvToXrcuWtHOjGztufT5XT9BZiHyRcDktVG9Wp1Ghu6YUrnkLJJh7_pZDKL3yxZo9SziJ2y&amp;x-bz-exp=1740567484&amp;x-bz-security-isin=&amp;x-bz-security-symbol=BTC%2FUSD&amp;x-bz-signature=ac27e2afd6722fd148e501cbb89dd71f8a3ec2544870fc510af285f5d5e8d3c3 2x\"/></noscript></span></div><div><div><span>$BTC</span><span>Bitcoin</span></div><div><div><span>$87945.08</span><span>-3.91%</span></div><div><div><div><button aria-label=\"Add to watchlist\" type=\"button\"><span><div><svg aria-hidden=\"true\" stroke=\"currentColor\" stroke-width=\"1\" viewbox=\"0 0 576 512\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M287.9 0c9.2 0 17.6 5.2 21.6 13.5l68.6 141.3 153.2 22.6c9 1.3 16.5 7.6 19.3 16.3s.5 18.1-5.9 24.5L433.6 328.4l26.2 155.6c1.5 9-2.2 18.1-9.7 23.5s-17.3 6-25.3 1.7l-137-73.2L151 509.1c-8.1 4.3-17.9 3.7-25.3-1.7s-11.2-14.5-9.7-23.5l26.2-155.6L31.1 218.2c-6.5-6.4-8.7-15.9-5.9-24.5s10.3-14.9 19.3-16.3l153.2-22.6L266.3 13.5C270.4 5.2 278.7 0 287.9 0zm0 79L235.4 187.2c-3.5 7.1-10.2 12.1-18.1 13.3L99 217.9 184.9 303c5.5 5.5 8.1 13.3 6.8 21L171.4 443.7l105.2-56.2c7.1-3.8 15.6-3.8 22.6 0l105.2 56.2L384.2 324.1c-1.3-7.7 1.2-15.5 6.8-21l85.9-85.1L358.6 200.5c-7.8-1.2-14.6-6.1-18.1-13.3L287.9 79z\" fill=\"currentColor\"></path></svg></div></span></button></div></div></div></div></div><div></div><div><div><div></div></div></div></div></div></div><div>Overview</div></div></div></div><div></div><p><em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>Market News and Data brought to you by Benzinga APIs<p>© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</p></div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.benzinga.com/markets/cryptocurrency/25/02/43934933/bitcoin-plunges-below-88000-what-is-going-on\">Benzinga</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/25/02/43934933/bitcoin-plunges-below-88000-what-is-going-on","article_id":"2514060806","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2025/02/25/Bitcoins-Value-Skyrockets.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514060806","pubTimestamp":1740480909,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Bitcoin (CRYPTO: BTC) has tumbled below $88,000, levels not seen since mid-November 2024, as market sentiment reacts to Donald Trump&#39;s tariff announcement.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","IBIT":"iShares Bitcoin Trust","BK4601":"加密货币现货ETF","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念"},"translate_title":"比特币跌破88,000美元：这是怎么回事？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":1},"content_text":"Bitcoin BTC/USD has tumbled below $88,000, levels not seen since mid-November 2024, as market sentiment reacts to Donald Trump's tariff announcement.\nTrader Notes: Crypto chart analyst Ali Martinez warns that BTC is breaking below a parallel channel and could slide to $81,000 unless it reclaims $92,500.\nBluntz Capital notes that Bitcoin is at a key level, where a bounce is possible after both sides of the range have been tested. Failure to hold this level could result in a more severe drop.\n\nif $btc is gonna bounce it should be from right here now that both sides of the range have been taken and if not, well better to not talk about that. pic.twitter.com/K0QDrF0ZWs— Bluntz (@Bluntz_Capital) February 25, 2025\n\nVeteran trader DonAlt sees Bitcoin's price action as normal market behavior and suggests that the safest approach is to wait for a reclaim of $100,000 before making major moves.\nAnother veteran trader, Adam, says buying near $85,000 (200 EMA level) makes sense, but warns against blindly bidding at current levels. Structuring the trade is tricky since downside squeezes can go much deeper.\nAlso Read: Grok 3 Predicts Bitcoin Dominance In 2025, Projects $180,000 Price Target\nWhat's Next: Crypto trader Nic sees Bitcoin is at a critical inflection point, with tariffs triggering a risk-off move that led to BTC liquidations surging to $632.7 million in the past 24 hours. \nCoinglass data shows $602.1 million in long liquidations, the highest level since Dec. 5, 2024.\nNic also notes that institutional ETF buyers may have been unwinding cash-and-carry trades with CME futures, further pressuring BTC. He added that the hopes for a strategic reserve have faded, leaving Bitcoin without a clear bullish narrative.\nWhile the trader predicts $70,000 as the next key support level, if the tariffs are reversed Bitcoin could see a relief rally back above prior support.\nRead Next:\n\nBitcoin Is Struggling In 2025 As Gold Clocks New All-Time High But Here Is The Full Picture\n\nImage: Shutterstock $BTCBitcoin$87945.08-3.91%OverviewThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}