BTC hits lowest level since 2025

TLDR

Bitcoin (BTC) has dropped into the high $70,000s, its lowest level since 2025, after a sharp macro-driven and leverage-heavy selloff across crypto markets.

1. BTC is trading around $78,000, roughly 3540% below its 2025 all time high near $126,000, after briefly dipping toward $76,000 in the latest flush.
2. The move is tied to a stronger dollar, hawkish Fed expectations, ETF outflows, and over $1 billion of long liquidations, alongside rising fear in sentiment data.
3. Key things to watch are ETF flows, macro headlines, and support near $75,000$72,000, plus miner stress as hashrate and revenues drop.

Deep Dive

1. Scale Of The Drop

Recent reporting puts Bitcoins weekend low in the mid $70,000s, with one outlet citing a dip below $76,000 for the first time since April 2025 and another highlighting a close near $77,000 as the lowest since the 2025 tariff shock.

Current data shows BTC around $78,401.02, down "5.51%" over 24 hours and "11.46%" over 7 days, with market cap about "1.57 T" and dominance near "59.15%". This leaves BTC roughly 3540% below its October 2025 high around $126,000.

Altcoins have been hit even harder, with reports of Ethereum, Solana and others down roughly 1013% in the same window, and more than $100 billion wiped from total crypto market value in a matter of hours.

2. Main Drivers Behind It

Macro is a big part of the story. News outlets link the selloff to President Trump nominating Kevin Warsh as the next Fed chair, which pushed the dollar higher and reinforced expectations of tighter policy, a classic risk-off backdrop for crypto.

At the same time, spot Bitcoin ETFs in the United States saw heavy redemptions, including a single day with roughly "$817.87 million" of outflows and about "$1.1 billion" over January, signaling institutional de-risking rather than fresh inflows.

Microstructure amplified the move. Multiple analyses estimate well over "$1 billion" in leveraged long positions were liquidated within 24 hours as BTC sliced through support levels over a low-liquidity weekend, while social data shows fear and negative BTC commentary at the most extreme levels of 2026 so far.

On top of that, CryptoQuant data shows network hashrate down about "12%" from November to around "970 exahashes per second", the lowest since September 2025, putting additional pressure on miner margins as prices fall.

3. Signals To Watch Next

Analysts quoted in several reports flag nearby supports around $75,000 and then roughly $72,000 as key zones; a clean break and acceptance below these would raise the risk of a deeper drawdown.

ETF flows are a crucial tell: a turn from sustained outflows back to net inflows would signal renewed institutional demand, while continued redemptions would reinforce the idea that last years ETF-fueled rally is in a cooling phase.

Sentiment and leverage also matter. Extreme fear readings and large-scale liquidations can mark capitulation, but that only becomes constructive if new capital starts stepping in and BTC can stabilize back above psychologically important levels like $80,000$90,000.

Conclusion

Bitcoins slide to its lowest levels since 2025 reflects a combination of hawkish macro signals, ETF outflows, and forced liquidations rather than a single crypto-specific shock.

If ETF redemptions persist and the dollar stays strong, BTC could spend time grinding or testing lower supports, but a turn in flows and stabilization above key levels would support the case for this being a sharp, sentiment-driven shakeout rather than the start of a new prolonged bear phase.