Bitcoin saw a significant drop, crashing to the $87,000 level within the past day. However, recent on-chain data suggests that the drop could deepen significantly, indicating potential challenges ahead. Analysts from the on-chain analytics firm Glassnode have pointed out troubling shifts in Bitcoin’s indicators following this decline. As investors continue to assess the situation, conversations about Bitcoin’s price trajectory and support levels have intensified. Can Bitcoin stabilize before hitting lower lows, or are we set for a deeper plunge? Stay informed to navigate these tricky waters.