Bitcoin Price Crashes Below $98,000 Close to Six-Month Lows

The recent plunge of Bitcoin's price to $98,000 highlights a significant trend in the cryptocurrency market, marked by long-term holders selling off their assets at record levels. This situation is compounded by a weakening institutional demand and overall market fatigue, as noted in related reports. For instance, another article indicated that Bitcoin's price had previously dipped to $94,000, reflecting a consistent downward trend. Additionally, over $120 million in crypto longs were liquidated as Bitcoin fell below $103,000, underscoring the volatility and risks associated with leveraged trading in this environment.