Bitcoin News: Price Plummets Below $90,000, Triggering Major Liquidations and Expert Warnings of Further Decline

Bitcoin Price Falls Below $90,000, Triggering Liquidations

Bitcoin price falls below $90,000 on Tuesday after dropping 4.89% the previous day, reaching a low of $88,200 during early European trading. This price pullback triggered a wave of liquidation in the crypto market, totaling $1.34 billion, with 367,500 traders wiped out in the past 24 hours. Additionally, Bybit loses around $2 billion in BTC from reserves after a recent compromise.

Bitcoin Crashes: Experts Warn Of 6-Month Slump To $73,000

The Bitcoin price has fallen more than 8.8% since Friday when Bybit suffered the biggest crypto hack in history. The flagship digital asset reached a peak of $99,493 late last week, only to retreat to roughly $91,500, marking a 5.5% decline since Monday. This downturn not only shatters Bitcoin’s attempt to hold above $95,000 but also places it on the verge of losing its critical 97-day trading range between $91,000 and $102,000. Notably, Bitcoin’s price has broken below the descending trend channel that has been in play since January 20.

Arthur Hayes Warns Bitcoin Could Plunge to $70K

Arthur Hayes, the founder of BitMEX and CIO at crypto fund Maelstrom, warned that Bitcoin (BTC) could drop to $70K due to unattractive CME Futures ''yield'', which could prompt unwinding by large funds. Hayes shared a chart indicating that the current short-term U.S. treasuries were yielding 4.3%, but the BTC CME basis has declined post-U.S. elections. Bitcoin has retested its range-lows of $91k for the fourth time in 2025, extending its losses to 16% from the record high of $109.5K in January. However, Chris Burniske believed this was a typical mid-bull run reset, not a cycle top.

Metaplanet and El Salvador Acquire More Bitcoin Amid Market Slump

Japan-based investment firm Metaplanet and the government of El Salvador increased their Bitcoin holdings ahead of a significant market downturn on February 25. Metaplanet announced it had purchased 135 Bitcoin for approximately $13 million at an average price of $96,185. Around the same time, El Salvador acquired 7 Bitcoin, paying roughly $94,050 per coin. Both acquisitions occurred just before Bitcoin’s price dipped below $91,000 in the early hours of February 25. Despite the downturn, Bitcoin has since recovered slightly, trading at $92,260. However, market sentiment has reached its lowest level in over five months.

Billionaire Michael Saylor Eyes More Bitcoin – Potential Supply Squeeze?

Bitcoin (BTC), the world’s leading cryptocurrency, fell below the $92,000 mark despite renewed Optimism around Michael Saylor’s Bitcoin acquisition strategy. After reaching a high of $99,000 on Friday, BTC reversed course due to a $1.4 billion hack targeting Bybit, which raised security concerns in the crypto market. Additionally, the Federal Reserve’s changing rate outlook contributed to market uncertainty, strengthening the US Dollar and putting downward pressure on BTC. Michael Saylor recently acquired 20,356 BTC for ~$1.99B at ~$97,514 per BTC.