Market Shock: Bitcoin Faces Sharp 24-Hour Sell-Off
Over the last 24 hours, $BTC went through a sudden and aggressive price drop that shook the market. The move came with heavy volatility and pushed momentum indicators deep into oversold territory, signaling that a short-term shift in market behavior may be forming.
The decline measured close to 12% in a single day and led to more than $1.5 billion in liquidations, wiping out over-leveraged long positions. Technical indicators stayed firmly bearish. Price action remained below key EMAs, MACD confirmed downside momentum, and although RSI reached extremely oversold levels, no strong reversal signal has appeared yet. This suggests panic selling rather than structured distribution.
On the institutional side, ETF-related investors continue to show long-term confidence in Bitcoin, absorbing some of the downside pressure. At the same time, large market participants and whales appear to be adding sell pressure, increasing short-term instability. This tug-of-war between long-term accumulation and short-term risk-off behavior is keeping volatility elevated.
Overall, Bitcoin is at a critical point. While oversold conditions often precede relief bounces, the broader trend still leans bearish unless volume and structure shift decisively. Traders should stay cautious, manage risk tightly, and watch for confirmation rather than trying to catch a falling move.
