Bitcoin has fallen under $92,000, extending its pullback from October’s record highs and raising questions about whether this is a brief correction or the start of another four-year cycle downturn. 

Analysts point to last month’s $19 billion in liquidations, combined with profit-taking by long-term holders, as key drivers of the recent slide. The decline also coincides with bitcoin’s historically vulnerable post-halving window, creating what some call a “self-fulfilling prophecy” of selling pressure. 

Still, firms like Bernstein argue the data supports consolidation toward a new bottom rather than the massive 60–70% drawdowns seen in past cycles. Institutional ETF adoption, supportive signals from the Trump administration, and continued large-scale.

Finsum: A break below the critical $93,000 level could also trigger a major buying opportunity for investors.