Bitcoin has experienced a significant downturn, dropping below $95,000 and hitting a six-month low as a combination of macroeconomic factors and investor sentiment weighs heavily on the market. The recent selloff has triggered around $1.1 billion in liquidations, prompting concerns about the long-term viability of cryptocurrencies. Analysts point to increased pressure from U.S. liquidity issues and profit-taking from long-term holders as catalysts for the decline. As Bitcoin continues to slide, questions surrounding the potential for recovery and future price predictions dominate discussions among investors.