Bitcoin fell below the $96,000 level, marking a six-month low as global risk-off sentiment weighed on digital assets. The broader crypto market capitalization slipped to $3.27 trillion, down 6.14 percent over the past 24 hours. Analysts attributed the decline to macroeconomic uncertainty, tighter liquidity conditions, and heavy derivatives unwinding across exchanges. Despite the pullback, long-term positions among major holders remained relatively stable, suggesting confidence in structural adoption even as short-term volatility intensified.