Bitcoin didn’t just fall under $100K — analysts say it went through a two-stage crash that wiped out billions. Experts point to U.S.–China tensions, ETF outflows, and one of the biggest liquidation days of the year. But others argue this is a liquidity reset — not a collapse — and could even set up a 12–18 month run toward new highs as conditions stabilize. Is this the breakdown before the breakout? #bitcoinnews #crypto2025 #btcupdate #financialnews #cryptomarket