Bitcoin Price Drops Below $90,000, Triggering Liquidations and Investor Losses

The price of Bitcoin has fallen below the crucial $90,000 mark for the first time in a month, leading to significant market volatility and investor losses. Over $1.34 billion has been wiped off the cryptocurrency market as BTC dropped, with 12% of all addresses currently underwater, marking the highest percentage of unrealized losses since October 2024. This sudden price downturn is causing traders to liquidate holdings in an effort to limit their losses. This pattern of selling has historically driven Bitcoin’s price lower.