Bitcoin broke below $98,000 support, reaching $94,500, close to erasing 2025 gains. Risk of first weekly close below 50-week SMA since 2023. Short-term holders face 12.79% losses. 2-year uptrend at risk, needing price above $101,000 for recovery. Structural support may weaken bullish momentum, leading to broader correction.

BTC lost $100,000, with key metrics now resistance. Short-term holder realized price bands flipped to barriers. Liquidations surpassed $1.1 billion. CryptoQuant CEO notes possible stabilizing zone at $94,000 cost basis. Decisive close below risks confirming bear market. Data shows panic nearing exhaustion, indicating potential recovery formation.

New investors down 3.46%, short-term holders facing 12.79% losses. Capitulation phase may be near, with reactive selling leading to stronger long-term positions. Short-term realized profit and loss dropping 13%, signaling panic nearing exhaustion. Potential for more stable recovery structure after panic phase.

Read more at Cointelegraph: Is $90K BTC Next? Major Support Indicators Turn Red