Bitcoin (BTC) experienced a significant drop below $91,000 on Thursday, losing the customary support typically provided by the Asian trading session. Historically, since October, Asian trading hours have been the primary driver of buying activity and bullish sentiment for BTC.
BTC's price fell to $90,084.21 on Thursday, demonstrating unusual weakness during the Asian trading session. This downturn occurred shortly after BTC had managed to recover above the $94,000 mark, though these gains proved to be fragile once again.
The recent downturn did not exhibit panic or unusual trading volumes. However, it highlighted that the Bitcoin climb towards $100,000 may be characterized by short-term volatility. The Fear and Greed index remained low at 29 points following the recent price movement, while the volatility index stayed close to its yearly high at 2.47%.
BTC reached an intraday high of $94,490 the previous day. It later dipped by 2.7% during the Singapore trading session. Bitcoin's dominance decreased to 59.6%, while Ethereum (ETH) and Solana (SOL) also retreated to lower ranges shortly after experiencing brief breakouts.
Asian Session's Historical Support for BTC
An analysis of BTC's gains over the past few months reveals a pattern where most bearish trades and volatility were concentrated in the European and US trading sessions. Conversely, trading activity in Asia typically contributed to further gains, which were sometimes eroded by other traders later.
Asian trading hours are also among the busiest for the cryptocurrency market as a whole, often used for repositioning funds across various coins and tokens.
Since August 2025, Asian trading sessions have been the primary source of gains, while US and European markets have predominantly recorded daily drawdowns with active selling.
Asian session gains have dominated the market for much of 2025, although the US market has also been responsible for occasional breakouts. However, over the past three months, US and European sessions have mostly led to downturns. This pattern is also influencing trader sentiment, as they begin to anticipate weakness during specific parts of the trading day.
Will BTC Maintain Support Above $90,000?
The weakness observed during the Asian session led to a brief dip for Bitcoin below the $90,000 level. Although the coin recovered later, it has remained within a lower price range. The upcoming hours will be crucial in determining whether other markets will extend current gains or shift the price direction.
The market narratives driving the US session appear to be in contrast to the sentiment observed during Asian sessions. The regional trading flow is considered a key factor for BTC price support, although a shift towards bullish attitudes in the US market can also influence the price significantly.
The recent price drop followed the Federal Reserve's decision to cut interest rates. However, the day's most significant price movement did not occur during US trading hours but rather reflected the reaction of Asian traders.
This trading setup has raised concerns that Bitcoin may begin to slide unexpectedly, potentially triggering another wave of liquidations. The latest downturn resulted in $175 million in long liquidations for BTC traders, with a total of $377 million in long liquidations across other major assets.