Bitcoin dropped into the mid-$95,000 range today

Bitcoin dropped into the mid-$95,000 range today, hitting its lowest level in months, with over $1 billion in leveraged positions wiped out as the market broke through key support. The fear and greed index has shifted back toward extreme fear, a similar pattern to when major leverage gets flushed.

This is a peculiar phase in the market. Historically, sharp pullbacks have happened even as innovation, funding, and infrastructure continue to grow. This year has seen significant leaps forward in AI, blockchain, stablecoins, and ETFs entering the market, yet prices still fluctuate.