Bitcoin Wipes Out Gains for the Year, New Investors Cut Losses on 148,000 BTC Amid Liquidity Crunch and Possible Impact of Japanese Bond Shock

On the 18th, Bitcoin fell below $93,000, marking its lowest price in approximately seven months. According to CoinGecko, Bitcoin dropped 2.8% in the last day and 13.4% over the past week, effectively erasing all its gains for 2025, resulting in a net loss of -3.37%.

An analyst from QCP Capital, a cryptocurrency trading firm based in Singapore, noted that 'the price falling below the 50-week moving average and closing below $100,000 for the first time since May 4 has solidified a more cautious tone across the cryptocurrency market.' This has fueled bearish sentiment, suggesting that the end of Bitcoin's four-year cycle may be approaching.