Bitcoin has dropped below the $94,000 mark, with crypto executives attributing the decline to significant ETF outflows and large-scale sales by major holders, commonly known as whales. The downturn is also being linked to ongoing geopolitical tensions, which have added to market uncertainty. The recent slump has sparked debate among industry leaders about whether this is a typical market correction or indicative of deeper issues. The decline follows a period of heightened volatility, with investors closely monitoring the situation for further developments.