SKN | Bitcoin Slides Below $95K Amid Worst Week Since March; Analyst Sees Potential Drop to $84K

Bitcoin (BTC) slipped below $95,000 this week, marking its worst weekly performance since March and underscoring mounting macro and technical pressures on the flagship crypto asset. The downward momentum arrives as institutional flows falter, interest‑rate expectations shift, and crypto‑tech correlations grow tighter.

Market Reaction

Data show Bitcoin sinking around 8% this week to trade in the $94,000 – $95,000 range, down more than 24% from its recent peak above $126,000. On one day alone, more than US$1.1 billion of leveraged longs were liquidated, and U.S. spot Bitcoin ETFs reportedly recorded outflows of approximately US$870 million. The sharp move has reignited volatility in the crypto market, with Bitcoin under‑performing broader tech equities, suggesting a closer linkage to rate‑sensitive assets than in previous cycles.

Regulatory & Technical Implications

The sell‑off comes amid shifting expectations over U.S. interest‑rate cuts and tightening liquidity. Analysts note that with the Federal Reserve’s rate‑cut hopes fading, risk assets like Bitcoin are suffering. Technically, Bitcoin’s breach below the key $100,000 support has opened a pathway to a downside target near $84,000, according to several on‑chain and chart‑based indicators. This potential for deeper correction highlights how algorithmic models and institutional desks are quantifying sanction, counter‑party and liquidity risks all at once.

Investor Sentiment & Strategic Perspective

Sentiment in the institutional crypto space is cooling. Surveys and data suggest that over 60% of professional investors now cite regulatory enforcement and macro liquidity as among the top three risks for 2026. The downturn in Bitcoin has triggered a rotation away from highly‑leveraged or yield‑sensitive crypto products toward those with clearer compliance frameworks. Some funds are increasing collateral requirements for crypto‑derivatives exposure and prioritising platforms with audited treasury holdings. Strategically, this week’s action may mark a shift from “buy the breakout” momentum to “manage draw‑down” mindset among sophisticated crypto allocators.

In the near term, many investors will monitor whether Bitcoin can stabilise above $90,000 and whether outflows from crypto‑ETFs reverse. The key question: will Bitcoin decouple from the broader tech sell‑off or continue to trade as a correlated risk asset?

Looking ahead, Bitcoin’s breach of major support raises meaningful questions about the timing and depth of the next phase of the cycle. Risk‑aware participants will watch for renewed institutional inflows, rate‑cut signals from the Fed and signs of on‑chain accumulation by large holders. Should any of these catalysts align, the slide may find a floor—however, if rate cuts are delayed or liquidity conditions worsen, a drop toward or below $84,000 cannot be ruled out. This period demands heightened attention to liquidity, counter‑party risk and alignment of crypto exposures with broader portfolio strategies.