- Bitcoin has fallen below $78,000 as institutional investors and whales reduce their holdings, signaling potential further downside.
- Bitcoin could drop to $70,000 as bearish forecasts grow, driven by macroeconomic uncertainty and stock market volatility.
Bitcoin (BTC) has slipped below $78,000, marking a sharp decline of over 5% today and more than 23% since February 2025. Institutional investors and large holders are pulling back, sparking concerns about Bitcoin’s near-term future. With whale activity dropping and bearish forecasts emerging, could BTC fall to $70,000?
Bitcoin Whales Are Selling—A Red Flag?
Whale holdings, a key metric of institutional confidence, have hit their lowest level in six years. According to IntoTheBlock, large investors now hold as little BTC as they did in 2019.
- Net flows among large holders have plummeted by 85% in just a week.
- More BTC is leaving whale wallets than entering, signaling decreased confidence.
- Bitcoin has struggled to maintain momentum above $90,000, reflecting broader market caution.
Historically, when whales reduce their holdings, deeper corrections often follow. If this pattern continues, Bitcoin could see further downside.
Trump’s Strategic Bitcoin Reserve Disappoints Investors
Earlier excitement over former President Donald Trump’s executive order on a Strategic Bitcoin Reserve has faded. Instead of buying Bitcoin, the government plans to use seized BTC, dashing hopes of major acquisitions. This shift contributed to Bitcoin’s decline below $78,000, shaking investor sentiment.
BTC Price Forecast: Is $70K the Next Target?
Market analysts are increasingly bearish. Bloomberg Intelligence’s Mike McGlone warns that Bitcoin could follow the Nasdaq 100’s post-dot-com collapse, which saw an 80% drop. He projects BTC could fall to $70,000 in 2025 due to macroeconomic pressures.
Key factors weighing on Bitcoin:
- Stock market volatility is pushing investors toward safer assets like gold.
- The Federal Reserve’s monetary policy remains a key influence on liquidity.
- If inflation stays high, Bitcoin could struggle further, mirroring traditional market declines.
BTC Technical Outlook: Next Support Levels to Watch
Bitcoin is testing the $78,196 support level, and if it breaks, a further slide toward $76,198 or even $74,417 is possible. BTC is trading below the 50-period EMA at $86,039, reinforcing bearish momentum.
Bulls need to reclaim $83,568 for a potential recovery. Until then, Bitcoin remains in a downtrend, with lower support levels acting as key turning points.
BTC Bull: A Crypto Presale Offering Bitcoin Rewards
Amid Bitcoin’s decline, BTC Bull ($BTCBULL) is gaining attention. This community-driven token rewards holders with Bitcoin airdrops when BTC reaches key price milestones.
- Offers high-yield staking with a 154% APY.
- Strong community participation with millions of tokens already staked.
- Early-stage investors have an opportunity to secure BTCBULL before the next price jump.
As Bitcoin faces headwinds, alternative investment opportunities like BTC Bull could attract investors seeking passive income.
