Bitcoin Falls Below $90,000 as $200M in Leveraged Positions Liquidated

Bitcoin dropped below $90,000 after more than $200 million in leveraged positions were liquidated over a four-hour period. The decline coincided with the expiry of $3.357 billion in BTC options at a max pain point of $91,000. Analysts indicate that failure to hold support at $84,000 could extend losses toward $76,000.