The crypto rollercoaster has struck again. Bitcoin plummeted below $94,000 on February 18, 2025, marking another dramatic descent in what’s becoming a month of nerve-wracking volatility. This latest tumble comes after Bitcoin’s euphoric all-time high of $110,000 in late 2024 – because apparently, what goes up must come crashing down.
The market’s brutal response has been swift and merciless. A staggering $1.8 billion in liquidations rocked the crypto world, with $331.23 million in long positions getting absolutely demolished. Short sellers didn’t escape unscathed either, with $57.7 million in positions wiped out. Talk about a bloodbath. Analysts predict this downward trend could continue until Bitcoin hits predicted floor $50,000 in 2026. With 94.9% mined supply already in circulation, scarcity hasn’t prevented the current market downturn.
Market carnage strikes crypto as $1.8 billion in liquidations vanish, crushing both long and short positions in a devastating sweep.
Multiple factors are fueling this mayhem. The emergence of DeepSeek AI has tech giants sweating, Trump’s trade tariffs are making economists nervous, and inflation fears are sending retail investors running for the hills. Oh, and let’s not forget those pesky interest rate hikes lurking around the corner. Following typical bull run patterns, this downturn was somewhat expected after the extended 18-month rally.
The broader crypto market is feeling the pain too. Total market cap took a nosedive to $3.44 trillion, while Ethereum dropped to $3,460, down 7%. Meanwhile, trading activity surged by 24.4% to $142.5 billion – because nothing drives volume quite like panic.
Institutional players are watching closely. JPMorgan’s drawing parallels between Bitcoin and small-cap tech stocks, while the Czech National Bank is eyeing Bitcoin for its portfolio – talk about timing. Even BlackRock and Fidelity are diving deeper into crypto, though US spot Bitcoin ETFs just saw $580 million in net outflows. Ouch.
Support levels are being tested, with $90,360 identified as the strongest floor. A double-bottom pattern suggests a potential breakout to $108,000, but with bearish sentiment dominating and $11.9 billion in short positions, the market’s clearly not feeling optimistic.
For now, the crypto world watches and waits – while possibly reaching for the antacids.
