Bitcoin is still failing to reclaim $70,000. After major U.S. companies updated forecasts for the 2025 fiscal year and Anthropic introduced new AI models, both software and hardware names were forced to reassess growth expectations, adding pressure across risk assets, including crypto.
AI repricing and supply-chain strain hit growth sentiment
JJay DM, who oversees over-the-counter activity at Wintermute, said AI-focused developments have reduced growth multiples across the industry and increased volatility between segments. At the same time, U.S. trade frictions and entrenched tariffs are reshaping global supply chains. Higher costs and rising geopolitical risk are cutting into the valuation premium long assigned to software-led global growth companies.
With central-bank support fading, cryptocurrencies are being treated more broadly as high-risk assets in the current macro setup. Positioning reflects that mood. A few large portfolio holders briefly stirred activity in some altcoins during the week, but the broader tone remains defensive and centered on risk control.
Heavy liquidity above $70,000 keeps traders waiting for confirmation
Market watchers say there is a substantial build-up of liquidity above $70,000, making that zone critical for the next leg in price action. One market observer warned against rushing into new positions and argued that waiting for confirmation while maintaining tight risk checks is the more prudent approach.
Price action supports that caution. Bitcoin’s repeated failure to break through $70,000 shows the market has not yet built enough strength for a sustained upside move. Ethereum has been hovering near $1,900, while $1,600 is viewed as a key psychological floor. In derivatives, rising demand for put options and shrinking open interest point to growing uncertainty over direction.
Break below $65,500 sends Bitcoin to $62,800 and wipes out long positions
In the previous session, Bitcoin closed below $65,500, breaking a support level that had held for the past two weeks. Early trading then pushed the price down to $62,800, reviving concern that the market could retest the $60,000 support area seen during the recent sharp sell-off.
Overnight trading in Asia drove Bitcoin below $65,000 again and led to roughly $230 million in long liquidations. Traders are now watching whether these levels can produce a rebound or whether the current downward move will continue. Analysts also argue that into 2026, AI advances and ongoing global divergence will stay central to crypto market direction.