Bitcoin Price Drops Below $90K Amidst ETF Outflows and Market Liquidations

Bitcoin’s price has fallen below $90,000 for the first time since November 2024, marking a significant shift in the cryptocurrency market. The decline is attributed to substantial outflows from Bitcoin ETFs, reaching $516 million on February 24th alone. Combined with high levels of market liquidations exceeding $1.3 billion, including a staggering $523 million in Bitcoin losses, this downward trend signals broader market uncertainty.