'Oversold' Bitcoin pulls back to $105k as crypto markets drop 3%

🔻 Market pullback - Crypto markets are down over 3%, with bitcoin falling to around $105,000 and ethereum giving back recent gains

📉 Options expiry pressure - Analysts suggest today’s BTC options expiry may be contributing to the selling pressure and short-term volatility

🟡 sentiment still greedy - The Fear & Greed Index remains in “greed” at 61, though slightly lower than earlier in the week, signaling cautious optimism

📊 volatility ahead? -  Bitcoin's RSI has dipped to the high 30s - near oversold territory - which could indicate an upcoming bounce or more turbulence

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BITCOIN and many other cryptocurrencies have retreated overnight, with the total crypto market cap slipping more than 3%.

The leading digital asset is currently trading around $105,000, down from roughly $108,000 this time yesterday. Ethereum (ETH) also gave back most of its recent gains, with some deeper pullbacks among altcoins.

Some analysts point to today’s crypto options expiry date as a possible driver of the sell-off, with increased hedging and repositioning adding to short-term pressure. The Fear and Greed Index has dipped to 61, still firmly in 'Greed' but off recent highs.

Meanwhile, Bitcoin’s Relative Strength Index has dropped to the high 30s, putting it closer to the oversold zone and possibly hinting at incoming volatility, or a set-up for a bounce.

It’s not entirely clear what has triggered the sharp moves, though elevated trading volumes suggest investors remain highly engaged. Some desks have also flagged renewed caution across risk markets broadly, as US Treasury yields tick higher again and traders weigh mixed signals from the US economy.

Looking ahead, investors will be watching for any major headlines from the final day of the Bitcoin 2025 conference in Las Vegas, as well as upcoming macro data next week, including US inflation and employment numbers, which could shape expectations around the Fed’s next move.

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In the markets… 

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🌍 Total crypto market cap ⬇️

The global cryptocurrency market capitalisation is approximately $3.42 trillion, reflecting a 0.29% decrease over the last 24 hours. 

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🟠 Bitcoin (BTC) ⬇️

Price: Currently trading at around $105,357 marking a 2.71% decrease in the last 24 hours.
Daily high: Approximately $108,851
Daily low: Approximately $105,042

📈 S&P 500 ⬆️

The S&P 500 index is up about 0.4% since yesterday. 

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🥳 Fear & Greed Index

The Crypto Fear & Greed Index currently stands at 65/100, indicating “Greed” among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The RSI for Bitcoin is approximately 37, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.

‍Post Script…

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Cautionary Notes

‍‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.