Bitcoin (BTC) recently fell to its lowest point since April 2025, as a widespread sell-off affected various asset classes including cryptocurrencies, commodities, and global equities.

A Cross-Asset Liquidation Event

The sell-off, which affected natural gas prices, has seen a sharp decline of 15.5% in one day. Other commodities, traditionally viewed as safe havens, like silver and gold have also been impacted, experiencing drops of 8% and 5.5%, respectively. Data from The Kobeissi Letter indicates a loss of over $10 trillion in market capitalization for these assets within a three-day span. Meanwhile, U.S. stock futures are declining, with tech stocks like the Nasdaq 100 associated with a 1.8% downtrend. There was a significant drop in South Korea’s stock market, which fell over 5% earlier in the day, resulting in a pause on KOSPI sell orders.

Corporate insiders anticipated this volatility. They reported a record high insider selling activity in January, which is often a precursor to market downturns.

Despite these trends, Bitcoin broke below $75,000, reaching its lowest value in months. Ethereum similarly dropped by 10.5%. Analysts have noted that the total crypto market capitalization has declined by $700 billion over two weeks, with significant liquidations also reported.

This crash wasn’t sparked by a specific geopolitical or macroeconomic event but was described by analysts as predominantly a liquidity-based issue, exacerbated by high leverage in unstable markets that caused rapid price falls and subsequent liquidations.

Bitcoin’s Bearish Streak

As of now, Bitcoin trades around $76,400, reflecting a 2% decrease in the past day and around a 13% drop over the last week, according to CoinGecko. This continues a downtrend from its all-time high of over $126,000 set in October 2025. Moreover, recent trading showed volatility with values fluctuating between $74,500 and $79,000 in one day.

Market observers are interpreting these overall sell-off patterns as a movement towards cash, possibly driven by apprehensions regarding economic conditions and valuations.