We believe the recent crypto crash was primarily sparked by mounting macroeconomic pressures, particularly escalating trade war tensions that triggered broad risk-off sentiment across global markets.

This shift accelerated deleveraging, leading to roughly $20 billion in liquidations in a single day, which amplified the sell-off in Bitcoin and Ethereum as overextended positions were unwound.

From Bitget’s perspective, while short-term volatility may continue—potentially testing $100,000 support for BTC and $3,600 for ETH—this is a healthy correction that clears out weak hands and lays the groundwork for renewed accumulation.

Over the medium term, we see Bitcoin rebounding to $130,000 and Ethereum climbing to $4,800, supported by sustained institutional inflows through ETFs and DATs.

This episode reinforces the importance of disciplined risk management, especially in fast-moving markets.

At Bitget, we remain committed to equipping traders with advanced tools and strategies to navigate these swings confidently, as the market evolves into a more mature and resilient ecosystem poised for sustainable growth.

Ryan Lee, Chief Analyst at Bitget

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