The Economic Times

Bitcoin(BTC) price crashes to $97,000 in sudden selloff as $450B vanishes: Why Bitcoin is breaking down to its lowest since May? Traders fear a dangerous BTC drop toward $80,000 next

Bitcoin(BTC) price crash: Bitcoin fell below $97,000 after a sharp 6% drop. The price hit $97,466. It is the lowest since May. The monthly loss is now 13.4%. Over $450 billion in value has vanished since October. ETF outflows reached $278 million. Long-term holders sold 815,000 BTC worth $79 billion. Miners sold 1,200 BTC in a week. More than $553 million in positions were liquidated. BTC options worth $4.04 billion expired. The Fed signaled no December rate cut. Liquidity tightened. Sentiment turned bearish. Traders now eye support at $97,045 and risk a fall to $92,000.