Bitcoin's price dropped below $90,000 on Tuesday, marking its lowest point since April and wiping out its gains for the year. This decline follows a significant $19 billion liquidation of leveraged positions on October 10. The current downturn occurs within the 400 to 600-day period after the April 2024 halving, a timeframe historically associated with deep pullbacks. Industry figures such as Cameron Winklevoss, Tom Lee, and Matt Hougan have indicated that the sell-off might be nearing its conclusion, suggesting Bitcoin could find a bottom this week. The market downturn has also impacted major altcoins, with Ethereum and Solana experiencing declines of 23% and 27.3% respectively over the past month.