- Bitcoin fell below $89,000, hitting its lowest level since November 2024.
- Short-term holders (STHs) are unsure whether to sell or hold, which could impact market momentum.
- If BTC loses the $87,041 support, it could slide further toward $85,000.
- Despite the dip, major sell-offs haven’t happened yet, signaling potential for a rebound.
Bitcoin has taken a hit, dropping below $89,000, a level it hadn’t seen in over three months. This latest price dip has traders on edge, especially since BTC has been struggling to break past $100,000 for weeks.
Waiting for the new headline: #Bitcoin "CRASHES" from $300,000 to $235,000.
— Vivek⚡️ (@Vivek4real_) February 24, 2025
Save the tweet. pic.twitter.com/CaOO48Ptz8
Market sentiment remains uncertain, with some traders expecting a rebound, while others fear more selling pressure is on the way. The question now is: Will Bitcoin hold its ground, or are we looking at an even steeper drop?
Short-Term Holders Are at a Crossroads
One of the key indicators to watch right now is the Spent Output Profit Ratio (SOPR) for short-term holders (STHs). Simply put, this metric tells us whether investors who recently bought Bitcoin are making a profit or taking a loss.
Bitcoin 89,000 pic.twitter.com/FiACQh9ALX
— naiive (@naiivememe) February 25, 2025
Right now, the SOPR is struggling to stay above 1.0, which is a sign that many short-term holders are not making money on their investments.
What does this mean? If traders panic and start selling at a loss, Bitcoin’s price could fall even further. But if they hold on, BTC might have a chance to recover.
Crypto analyst Aaryamann Shrivastava weighed in on this, saying:
“Short-term holders aren’t rushing to sell just yet, but if the price keeps falling, they might give in to the pressure. That could push Bitcoin down even more.”
#Bitcoin is oversold.
— Crypto Rover (@rovercrc) February 25, 2025
What's next is obvious. pic.twitter.com/NaZoPiRaJX
This hesitation is keeping the market in limbo—everyone is waiting to see what happens next.
Are Investors Really Panic Selling?
Interestingly, despite Bitcoin’s price drop, there hasn’t been a massive rush to sell.
On-chain data from CryptoQuant shows that only 157 BTC (around $14 million) have left exchanges in the past 24 hours. That’s way lower than what we’d expect in a true panic sell-off.
This could mean one of two things:
- Investors are waiting for a better price before selling, hoping for a rebound.
- They still believe Bitcoin will recover, and they’re not ready to give up their holdings just yet.
Either way, it’s clear that there’s still some confidence in the market, despite the dip.
What’s Next for Bitcoin?
Right now, Bitcoin is sitting at a crucial support level of $87,041. This is a make-or-break moment:
- If BTC holds this level, it could bounce back to $89,800 or even $92,000 in the coming days.
- If it drops below $87,041, the next stop is $85,000, which would signal even more downside risk.
Analysts believe that Bitcoin needs a major catalyst—like positive news or a big buy-in from institutional investors—to push it back toward $100K. Until then, the market is on high alert, watching for the next move.
One thing’s for sure: The next few days will be crucial for Bitcoin’s price direction. Traders and investors are bracing for volatility—will Bitcoin fight back, or are we in for a deeper correction?
