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Bitcoin Teeters Between Glory and Gut Punches

Bull market cracks or healthy corrections? Bitcoin swings between $112K highs and correction lows. Ethereum takes a hit, Arkham stirs fears, and courts and tariffs keep traders guessing.

AuthorAuthor

Joe G & Money Talks
May 30, 2025 • Estimated Reading Time: 6 minutes

Bitcoin Slides 10%: How Low Can It Go?

Bitcoin has dropped 10% from its recent ATH and is now testing $105K. Traders are divided: some call it consolidation, others call it a cycle top.

  • Roman warns: "This cycle so far has been 600%, and the last was 2,000%. We're likely near a top."

  • Glassnode highlights critical support zones:

  • Short-term holder cost basis: $95,900

  • 111-day SMA: $92,100

  • 200-day SMA: $94,700

"These trendlines mark the bull/bear boundary,"

Glassnode

  • Order book data shows support at $103K and $99K, but below that, a drop below six figures is on the table.

Wynn Liquidated: $100M Gone in Bull Market Validation

Santiment says profit-taking is rising, and that’s a good thing. Falling Mean Dollar-Invested Age (MDIA) means younger coins are moving — usually a bullish sign.

  • MDIA down from 443 to 426 days since mid-April.

  • Large exchange outflows: a 7,000 BTC transfer suggests whale accumulation.

  • But not all whales win: James Wynn lost $99M on a long liquidation as BTC dipped under $105K.

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