Bitcoin News

Story: Crypto Execs Weigh In as Bitcoin Slides Below $94K: What Triggered the Market Sell-Off?

By Steven Anderson

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Bitcoin Drops to New 2025 Low as Crypto Market Sheds $500B. Bitcoin slipped under the $94,000 mark on Sunday, touching $93,029 before stabilizing slightly.

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Long-Term Holders Are Taking Profits After a Major Run. One of the most notable dynamics fueling the pullback is activity from long-term Bitcoin holders.

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Spot Bitcoin ETFs Shift From Heavy Buying to Net Outflows. Executives also pointed to ETF flows as a key component of the sell-off.

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Global Uncertainty Adds Pressure to Crypto Risk Appetite. Holger Arians, CEO of Banxa, emphasized that global geopolitical tensions and overextended tech…

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Market Makers and Four-Year Cycle Narratives Also Fuel Fear. On social platform X, several crypto executives offered additional theories.

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Analysts Say Sharp Corrections Are Normal — and Healthy. Despite the steep pullback, most experts emphasized that the core market structure remains strong.

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Market Fundamentals Still Point Toward Long-Term Strength. Arians believes the downturn could reverse in the medium term as underlying fundamentals continue…

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Stronger Market Foundations Compared to Previous Cycles. McMillin agrees, aligning with macro analyst Jordi Visser’s outlook.

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Bitcoin’s price tumble over the weekend — with the asset briefly dropping to $93,029, its lowest level of the year — has sparked widespread discussion among analysts and…

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Bitcoin slipped under the $94,000 mark on Sunday, touching $93,029 before stabilizing slightly. According to CoinGecko, the broader crypto market capitalization declined from $3.

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Ryan McMillin, CIO at Merkle Tree Capital, told Cointelegraph that the downturn isn’t caused by a single catalyst.

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According to McMillin, these older coins are “finally cashing in after an extraordinary run” and are entering the market during a period when liquidity is thinner and bids are…

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Executives also pointed to ETF flows as a key component of the sell-off. Earlier in the year, spot Bitcoin ETFs were some of the strongest buyers of BTC, absorbing billions in…

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McMillin notes that spot ETFs “have swung to net outflows” at the same time global markets have turned risk-off, partly due to delayed expectations for rate cuts.

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Holger Arians, CEO of Banxa, emphasized that global geopolitical tensions and overextended tech valuations are contributing to risk aversion across markets.

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