Bitcoin Price Review: Is BTC Poised for Stability Following a Significant 25% Drop from Its All-Time High?

Current Price Action: Bitcoin is attempting to stabilize around the $95,000 mark after a significant drop from $110,000, with short-term support forming in the $93,000–$95,000 range, while the overall trend remains bearish.

Technical Indicators: The daily chart shows a bearish cross between moving averages, indicating a negative structure, while the 4-hour chart suggests a potential short-term bounce if buyers can reclaim the $96K level.

On-Chain Metrics: The exchange whale ratio has increased, indicating that large holders are dominating exchange inflows, which could lead to increased volatility or sell-offs if the price does not recover soon.

Market Outlook: While the overall structure remains bearish, there are signs of potential short-term relief; however, failure to hold key support levels could lead to further declines towards $90K or $88K.