Altcoins Plummeted Massively, Why Did the Crypto Market Crash Today (10/3/25)?

Jakarta, Pintu News – The price of Bitcoin (BTC) came under heavy pressure again over the weekend, dropping close to the 1.3 billion IDR ($80,000) level after a 7% decline in the past 24 hours.

The bearish sentiment is getting stronger in the crypto market, especially after the US administration’s planned implementation of new tariffs under Donald Trump’s policies. The mounting selling pressure caused Bitcoin and other cryptocurrencies to experience a sharp correction.

Check out the full analysis below!

Bitcoin (BTC) Under Pressure, Testing Support at 1.3 Billion IDR

On Sunday night, Bitcoin fell to 1.3 billion IDR ($80,000) just after 19:00 ET, before recovering slightly and trading at 1.33 billion IDR ($81,641) at the time of writing. This sharp price drop signals a massive sell-off, with bearish pressure still dominating the market.

According to Arthur Hayes, co-founder of BitMEX, Bitcoin is still at risk of falling below 1.27 billion IDR ($78,000). He also revealed that many Bitcoin options traded are in the 1.14 billion IDR – 1.22 billion IDR ($70,000 – $75,000) range, which could increase volatility if BTC prices continue to decline.

Read also: BTC Plummeted 4.37%, Why did Bitcoin Crash Today (10/3/25)?

Massive sell-off, BTC loses IDR 98 million in a day

According to Crypto Times, in Sunday’s selloff, the price of Bitcoin (BTC) fell by almost 98 million IDR ($6,000) quickly. This drop signals a strong bearish movement, with BTC nearing its 2025 low.

Technically, BTC is currently in a major consolidation phase on the 4-hour chart. Major resistance seems to be at 1.4 billion IDR ($86,000), while strong support is at 1.32 billion IDR ($81,000).

On the price chart, a large red candle is visible, indicating dominant selling pressure, while a small volume increase in the green candle indicates buying attempts that are not yet strong enough to reverse the trend.

Also read: 3 Altcoins to Hunt During Market Crash After Crypto Summit 2025

Technical Indicators: High Volatility, Bearish Trend Continues?

Technical analysis shows that the bearish trend is still quite strong. The Average Directional Index (ADX) indicator is at 25, indicating that volatility is still high and the downtrend dominates.

If Bitcoin cannot break the resistance level at Rp1.4 billion ($86,000), traders will likely open short positions near this level. Conversely, suppose the 1.32 billion IDR – 1.34 billion IDR ($81,000 – $82,000) area experiences a significant increase in buying volume. In that case, there is a chance for BTC to rally again and break out of the bearish pressure.

Conclusion

Bitcoin price is currently in a critical condition with selling pressure still strong. If the bearish pressure continues, BTC could fall deeper to the 1.27 billion IDR ($78,000) level or even to 1.14 billion IDR ($70,000). However, if there is a significant increase in buying volume at the current support level, then there is a chance for BTC to bounce back and test the nearest resistance level.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Bitcoin crashes over the weekend, inches closer to $80,000. Accessed March 10, 2025.
• Featured Image: Generated by Ai