Bitcoin has experienced a significant decline, dropping below $100,000 and losing its $2 trillion valuation. The fear and greed index has dropped to 54, indicating increasing market fear. Technical indicators suggest a bearish outlook, with a possible pullback to $90,000. The crypto market has lost $650 million in the past 24 hours, with long liquidations accounting for most of the losses. Bitcoin's derivatives data shows a decrease in open interest and a bearish long-to-short ratio. While fears of the HMPV virus and strong economic reports in the US have impacted global markets, there is a potential buy-the-dip opportunity at support levels of $95,000 and $92,654.



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