• Bitcoin falls to $92,500 after breaking its key $93,000 support level, signaling deep market weakness.
• Technical indicators like the SuperTrend flip bearish, echoing patterns seen before major corrections.
• Institutional selling, including reported BlackRock outflows, increases pressure and dampens overall market sentiment.

Bitcoin’s recent wave of selling shows no indication of stopping, as the largest cryptocurrency by market value has dropped to $92,500 after losing one of its crucial support points within this market cycle. The $93,000 mark, which has served as a strong support level during this cycle, has already been broken.

The past few days have witnessed a dramatic shift in the cryptocurrency market. Various technical signals are indicating weakness, and the Bitcoin flow statistics are also showing reduced demand.

Adding to this is the growing selling by institutional investors, which is forcing a major shift and causing many to reassess the positive momentum that had dominated 2025.

Bitcoin SuperTrend Signals Major Warning

Popular crypto analyst Ali Martinez noted that Bitcoin’s SuperTrend on the weekly chart has flipped to a sell signal. This indicator has previously appeared during major downturns, including a macro correction where Bitcoin fell by 67%.

Although history does not always repeat itself, this is viewed as a sign of weakness, especially when buying interest is falling and selling pressure remains high.

Bitcoin Pressure Mounts as BlackRock Sells

Adding to this, according to Crypto Rover reports, it has been observed that BlackRock is unloading Bitcoins via its ETF offering. This has raised some eyebrows about other big corporations potentially following suit. The implications of this outflow can prove to be very crucial, given that BTC has performed worse than U.S. Treasury instruments over the last year.

Steady inflows into BTC via ETFs had been contributing to Bitcoin’s march to $125,000 earlier this year. The sharp turnaround observed in institutional sentiment indicates how swiftly market dynamics can shift, which places immense pressure on market prices and market sentiment.

As Bitcoin is currently operating within this strong level of support, it will prove very informative regarding whether it is able to stabilize moving forward within the next days.

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Bitcoin Faces Pressure as Momentum Weakens

The RSI is currently at 38.25, which is very weak and indicates that sellers are dominating, while the Ribbon MA is wide, with important values at 112,277, 102,772, and 83,284. Price is currently approaching the lower ribbons, which indicates a weakening sentiment among bulls.

The MACD also confirms this change, with its line standing at -3,385 while the signal line is at 2,976, indicating a wide bearish gap. The histogram is still printing red bars deeply into the chart, revealing considerable negative momentum.

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