Crypto prices are under pressure, with Bitcoin slipping below $100,000 and touching a six-month low of about $97,500. The market has reversed sharply after a strong first half of 2025, which saw institutional buying, tokenisation efforts and new regulations that helped push several cryptocurrencies to record highs. Bitcoin had reached an all-time high of $126,000 on October 6, but has since dropped nearly 22%.

Market participants say the heaviest activity is now in put options around $95,000 to $90,000, signalling that traders are bracing for further weakness.

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The wider crypto market has also declined 15–25%, affecting Bitcoin, altcoins and meme tokens alike. In the past month, investors have sold ro

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