Bitcoin’s price experienced another significant drop this week, reaching a three-month low of $85,400. This follows a sell-off earlier in the week that saw liquidation of over $1.5 billion worth of perpetual futures contracts, leading many to hope for a rebound. However, as positive trading on the U.S. stock market continued this morning, Bitcoin unexpectedly dropped 1.48%, marking its worst February performance in nearly eleven years. The cryptocurrency has retreated from its recent high of $109,588, erasing all of those gains since hitting record levels. Analysts attribute this sharp decline to growing global market volatility and a lack of sustained institutional interest. This marks the lowest point for Bitcoin in three months, since November 2023. The last time the cryptocurrency faced such a drastic drop during February was in 2014 when it experienced a 33.7% correction. This year’s decline is particularly notable given that historically, the first month of spring tends to show an average return of 11.8%. However, historical data shows less promising performance for this time frame, with a median return of -2.10% for March, according to price history, highlighting a need for caution as the market continues to fluctuate.