Bitcoin has dropped below the $90,000 mark for the first time in a month, leading to a wave of liquidations and increased market volatility. About 12% of Bitcoin addresses are currently holding the cryptocurrency at a loss, the highest percentage since October 2024. The downturn has resulted in $1.34 billion in liquidations in the last 24 hours. Analysts predict that if Bitcoin fails to climb back above $92,500, it could test support at $81,000 or even drop to $70,000. The RSI and Bollinger Band indicators suggest that Bitcoin may be close to oversold territory, but further selling could lead to more price declines.



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