The cryptocurrency market is currently facing new challenges, with Bitcoin experiencing a notable price decline that has pushed it below previous lows to reach $98,944. This recent downturn comes on the heels of an initial positive start to October and has left many crypto enthusiasts concerned. Geopolitical tensions between China and the U.S., particularly the year-long tariff agreement on rare earth elements, are believed to be a key contributing factor to these market fluctuations. Analysis suggests that the decline is marked by significant sales of Bitcoin from long-term holders, totaling nearly $45 billion in value. This has led to substantial liquidations within just 24 hours. 400,000 Bitcoins were sold over this period, held for an average of 6 to 12 months, indicating a seller mindset amidst current price levels.