Bitcoin’s price has dropped below the crucial $100,000 mark, signaling a concerning trend for the crypto market. Open interest in Bitcoin futures contracts has also significantly decreased, suggesting reduced participation and leveraged trading activity. Despite this decline, the Bitcoin market remains cautious, particularly as investors await clarity from the Federal Reserve’s upcoming policy decision. Analysts suggest that long-term holders are playing a key role in driving the recent sell pressure, indicating a shift in investor sentiment towards a more cautious approach. While Bitcoin has experienced a 13% drop over the past week and 18% decrease over the last month, its current price sits around $91,000, significantly lower than its record high of over $126,000 from October. The decline below the $100,000 level has sparked debate about the potential end of Bitcoin’s bullish cycle and whether market confidence is waning.