#Bitcoincrypto Bitcoin today
BTC
$86,768
price dropped from $95,930 to $86,010 between Feb. 24 and Feb. 25, marking its lowest level since November 2024. The unexpected 10.7% decline triggered over $760 million in leveraged long liquidations, raising concerns among traders about the strength of the $90,000 support level, which had held for the past three months.
To determine whether Bitcoin’s bull run is truly over, it is essential to analyze the key factors behind the recent downturn. Some analysts point to the $516 million in net outflows from spot Bitcoin exchange-traded funds (ETFs) on Feb. 24 as a primary reason. However, this explanation overlooks the fact that in the previous four days, total outflows reached $553 million, yet Bitcoin remained above $95,500.
#Bitcoincrash $BTC