In a shocking turn of events, crypto traders faced significant liquidations, amounting to over $1.2 billion, in just 24 hours as Bitcoin slipped below $89,000. This decline marks Bitcoin’s lowest value since November. The downturn, which intensified during the Asian trading hours, led to widespread losses across major cryptocurrencies. As the market grapples with these challenges, traders remain in a state of uncertainty regarding the future of their investments.