In a dramatic turn of events, Bitcoin has seen a substantial crash, dropping below $93,000 after failing to break the critical $100,000 barrier. This downturn, which has triggered around $500 million in liquidations, has raised concerns among traders and analysts regarding the overall health of the crypto market. Various factors, including diminishing risk appetite linked to external economic threats and profit-taking by long-term holders, have contributed to this volatility. As Bitcoin oscillates around the $90,000 mark, traders remain watchful, with some marking key price levels that could indicate further declines. The recent movements have sparked discussions about a potential cooling period for Bitcoin, even as optimism for future growth remains among certain market participants.