Bitcoin Crashes Below $92,000, Ethereum Loses $3,000 As XRP, Dogecoin Get Routed On Bloody Monday

Bitcoin and Ethereum have lost key levels, with the crypto downtrend accelerating on Monday.

Notable Statistics:

• Coinglass data shows 140,927 traders were liquidated in the past 24 hours for $725.72 million.       
• In the past 24 hours, top losers include Decred, Dash and Pump.fun.

Notable Developments:

• BMNR Drops 6%, But Tom Lee Adamant: ‘Crypto Cycle Top 12-36 Months Away’
• Japan Mulls Crypto Reforms, Allowing Bank Distribution And Cutting Tax Rates: Report
• Bitcoin, Ethereum, XRP Have Wiped Out $1.1 Trillion Since BTC Hit $126,000
• The Real Reason Behind Bitcoin’s Drop From $126,000 To $95,000 In 6 Weeks
• Japan’s 12-Figure Fiscal Bazooka Could Lift Bitcoin — But The Chart Says “Not Yet”
• Harvard University Increased Its Bitcoin IBIT Stake By 257% In Q3: ‘As Good A Validation As An ETF Can Get’

Trader Notes: Crypto chart analyst Ali Martinez highlighted that Bitcoin's SuperTrend indicator has flipped to a Sell signal, the same setup that preceded a 67% drawdown in the past.

Daan Crypto Trades pointed out that Bitcoin still has a CME gap near $91,500 and noted that the $90,000 zone for BTC and $2,800 for ETH have consistently acted as key support/resistance levels over the past year.

Nebraskangooner called last week's Bitcoin weekly close "ugly," suggesting a likely retest of the $85,000 support after losing the $102,000 level. He added that maybe next time Michael Saylor should wait to buy at support instead of chasing resistance.

Altcoin Sherpa noted that the previous two major BTC pullbacks were roughly 32% from the highs, which would again place Bitcoin around $85,000 if repeated. He emphasized that nothing is structurally broken yet, but traders should take things day by day.

Read Next:

• Bitcoin Made A Death Cross — Here’s What It Really Means

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