Crypto analyst warns: Why Bitcoin’s $80k low is now the market’s ‘biggest fear’

Bitcoin is crashing again, and this time, traders fear the fall may get even worse. On Monday, the world’s biggest cryptocurrency slipped below $91,500, wiping out all the gains it had made this year. The drop has sent ripples across the market, with investors rushing to protect themselves from more damage.

In the options market, traders have turned heavily bearish. Many believe the selloff is nowhere near the end, especially as big-money buyers who once supported the rally are now stepping back.