Bitcoin falls below $100,000 per unit, down 2.16% intraday.

Bitcoin falls below $100,000 per unit, down 2.16% intraday.

Bitcoin (BTC) has experienced a significant intraday drop, falling below the $100,000 mark on June 19, 2025. This represents a 2.16% decrease from its previous price, reflecting a bearish sentiment in the market. The decline comes amidst growing geopolitical tensions and macroeconomic uncertainty, which have led to increased bearish positioning among traders.

The bearish outlook is evident in the long/short ratio, which has tilted heavily toward shorts. According to Coinglass, the ratio stands at 0.95, indicating that more traders are betting against Bitcoin, expecting a continued downward trend [1]. This sentiment is further reinforced by the BBTrend indicator, which shows a decline in buying pressure and a loss of bullish strength, suggesting that selling pressure is dominating [1].

Bitcoin's price has hit a two-week low of $102,345, and failure to hold support at this level could trigger further declines toward $97,658. Yesterday, BTC's price fell to a 15-day low of $102,345, rebounding slightly to close at $103,297, but bearish pressure remains, with the coin down 2% over the past 24 hours [1]. If buying pressure fails to strengthen, BTC could extend its dip toward $101,520, potentially leading to a more significant correction.

On the other hand, a successful break above $103,952 could signal a rebound and open the door for a rally toward $106,295. The market is closely monitoring Bitcoin's performance against key resistance levels, as investors anticipate its next move.

The overall market sentiment remains subdued, with Bitcoin briefly dropping outside its prior week's range before trading back into it. Despite the challenges, the market closed up 1.6% on the week, indicating a degree of resilience and optimism among market participants. The cryptocurrency market witnessed notable shifts, with Bitcoin, Ethereum, and Solana showing potential for upward movements, while the non-fungible token (NFT) market faced a cooling off period with trading volumes dropping by 18.43% [2].

References:

[1] https://beincrypto.com/futures-traders-bet-against-bitcoin-price/
[2] https://www.ainvest.com/news/xrp-news-today-crypto-market-contracts-2-09-volatility-bitcoin-aims-11-gain-2506/