According to the Shahr-e-Bourse, the cryptocurrency market is experiencing a red day today, Monday, February 13, 1404. Bitcoin (BTC), which had set new historical records in recent months, has faced a significant setback under the influence of global selling pressure and reduced liquidity in stablecoins
Instantaneous analysis shows that the king of cryptocurrencies has fallen 4% in the past 24 hours, reaching the bottom of the $75,000 channel. Meanwhile, fluctuations in the Tether rate in the domestic market have added new complications to Iranian buyers’ toman calculations.
Crypto Market Analysis: Why Did Bitcoin Crash?
1. Liquidity crisis and danger signal:
The collapse in stablecoin inflows to exchanges was the main alarm bell for the market. The weakening of the directional trend on platforms like Binance suggests that the market is going through a critical and transitional phase. In the absence of new demand, prices have entered a “range band” correction phase with a bearish bias.
2. 59% dominance:
Despite the price drop, Bitcoin’s market share (Dominance) remains at 59%. This indicates that altcoins (such as Ethereum and Solana) are experiencing much heavier selling pressure than Bitcoin, and investors prefer to convert their assets to Bitcoin or Tether in times of crisis.
3. The conflict between domestic and global markets:
While global gold and stock markets are trending differently, crypto has been under severe corrective pressure. Tether is trading around 161,200 Tomans in the Iranian market today, which has caused the price of Bitcoin in Tomans to remain above the 12.2 billion Tomans channel despite the dollar’s decline.
Table of key crypto market indicators (Monday, February 13, 2021)
| Digital currency | Price (USD) | Price (Toman) | 24-hour changes | Market situation |
| Bitcoin (BTC) | 75,756 | 12,233,800,000 | -4.04% | Corrective |
| Ethereum (ETH) | 2,233 | 360,000,000 | -3.8% | Descending |
| Tether (USDT) | 0.99 | 161,295 | 0.1%+ | Currency stability |
| Solana (SOL) | 100.13 | 16,100,000 | -5.2% | A drop |
Forecasting and Buying Strategy: Is it Time to “Buy at the Bottom”?
Some analysts, citing patterns from 2020, believe that this downtrend could continue until mid-spring (May 1405). On the other hand, the MVRV index shows that the market is not yet in a complete surrender range.
Special Recommendation: If you are planning to enter the market, consider the support levels at $74,500. Given the high volatility, it is essential to use a step buying strategy and avoid leveraged trading at this time.
