BTC Plummeted 4.37%, Why Did Bitcoin Crash Today (10/3/25)?

Jakarta, Pintu News – The price of Bitcoin BTC0.62%->Harga BTC Saat IniRp 1.380.283.0250.62%Market CapRp 33.034 TriliunVolume TradingRp 1.590 TriliunSuplai BeredarRp 19.797.675 is under pressure again, down 4.37% in the last 24 hours and hovering around $82,277.

With price movements weakening further ahead of the weekly close, many market analysts predict that BTC is still at risk of dropping further to the $75,000 level.

Is this the start of a major correction or an opportunity for investors to enter the market?

Bitcoin (BTC) is losing liquidity, will it fall further?

Currently, the order book on the exchange is showing significant liquidity movement. The whales seem to be “hunting” for traders’ stop losses, with many liquidating long positions at around $84,300 and short positions piling up at around $86,500 – $87,000.

Data from CoinGlass shows that the total liquidation in the last 24 hours has reached over $300 million. With the strongest bid order coming in at just under $83,000, the current price of BTC is getting closer to a possible further drop. If the selling pressure continues to increase, BTC could soon fall to the $75,000 as the next support point.

Also read: Dogecoin (DOGE) is Predicted to Reach $90 in 2025, This is Analysis from Experts!

BTC heading towards 1.22 billion IDR? Analysts Predict Deeper Correction

Since reaching its highest levels in recent months, Bitcoin has continued its gradual decline. Some analysts believe BTC will again test the $78,000 level, previously a multi-month low in February.

Popular analyst Mikybull Crypto revealed that BTC will likely test the 50-week Simple Moving Average (SMA) as new local support.

If this scenario happens, BTC could hit a temporary bottom before experiencing another recovery. However, if BTC fails to hold this SMA, the price will likely continue to drop until it hits lower levels.

Also read: Jan3 CEO Samson Mow: “Bitcoin (BTC) Price Predicted to Hit $1 Million by 2031”

Will 1.12 Billion IDR be BTC’s Floor Price?

Although the downward trend continues, indicators show that Bitcoin will not fall below $69,000.

Data from the Lowest Price Forward Tool, a historical indicator that has proven to be accurate in predicting BTC prices, states that there is a 95% chance that BTC will not drop further than this level.

If this scenario is true, BTC will return to its all-time high of 2021, marking a 37% correction from its current high. With such a strong historical record, many investors believe the 1.12 billion IDR ($69,000) level could be a turning point for Bitcoin before it begins its next rally.

Conclusion

Bitcoin price is currently facing significant selling pressure with the risk of falling to the $75,000 level or even lower. However, historical indicators suggest that $69,000 is likely to be a strong lower limit for BTC.

Investors and traders are advised to stay aware of the high volatility in the crypto market and pay attention to key technical levels before making decisions. With critical support levels approaching, the price movements in the next few days will determine the market’s next direction.

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*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 slides another 3% – Is BTC price headed for $69K next?”. Accessed March 10, 2025.
• Featured Image: Generated by AI