Bitcoin has taken a hit, dropping 6.54% in the last 24 hours, and traders are feeling the pressure. Some analysts are warning that the market might be overheated, while others are holding onto hope for a rebound. So, what’s really going on?

The Crypto Market Takes a Hit as Uncertainty Grows

Over the past 48 hours, as tensions in North America heat up due to escalating trade wars, the crypto market has been feeling the burn. Bitcoin (BTC), the king of digital assets, has been one of the hardest-hit victims. For the first time in 2025, BTC has dipped as low as $91,000, leaving investors wondering what’s next.

This unexpected crash has sparked intense discussions among market experts and traders, all speculating about Bitcoin’s future direction. Is this just a bump in the road, or are we looking at a deeper correction?

Bitcoin’s NVT Golden Cross Signals Trouble

According to CryptoQuant, Bitcoin’s NVT Golden Cross has reached a critical level, suggesting the market is overheated and potentially forming a bubble. With the Golden Cross spiking to 2, the bears seem to be creeping in, trying to take control of the market.

Historically, when the Golden Cross hits this level, it signals a possible prolonged downward trend. And let’s be real—this has been playing out over the last couple of days, especially with American investors turning bearish. A sustained move past this threshold could mean more downward pressure ahead.

Are There Any Signs of a Rebound?

While the recent price drop might look scary, not all indicators are flashing red. In fact, things might not be as bad as they seem.

For starters, regions outside the U.S. are still showing optimism. The recent correction could just be a temporary pullback before the market regains its footing.

One major bullish sign? Bitcoin whales aren’t budging. These big players are keeping their assets off exchanges, which means they’re not looking to sell. The Exchange Whale Ratio has even dropped to a 10-day low, a strong indication that whales believe a price rebound is on the horizon.

On top of that, Bitcoin’s VDD Multiple is holding steady above 1, currently sitting at 1.05. What does that mean? Long-term holders aren’t panic selling, which adds a layer of stability to the market. The selling pressure is coming mostly from short-term traders, while long-term investors are staying firm.

Where Is Bitcoin Headed Next?

So, what’s the takeaway here? Even though Bitcoin has taken a hit, the overall market sentiment suggests this might just be a temporary setback. If whales and long-term holders continue to hold strong, we could see BTC making a comeback soon.

If a rebound happens, Bitcoin could climb back to $96,370 and even push towards $98,000. On the flip side, if bearish momentum continues, we might see a dip to around $92,103 before the market finds support.

For now, traders should stay cautious but not panic. The crypto market is known for its wild swings, and if history has taught us anything, it’s that Bitcoin has a way of bouncing back when you least expect it. Keep an eye on the key levels, and let’s see where this rollercoaster ride takes us next!