As we speculated yesterday, the bitcoin price low reached in mid January has been updated. The cryptocurrency fell to a three-month to a three-month low, approaching the $86,000 mark. Against this background, large holders of the asset transferred 26,430 BTC to known savings addresses, which indicating their intention to hold the asset for the long term. in the long term. The sharp decline has also affected short-term investors, who have taken significant losses in the last 24 hours. Further bitcoin price movement will depend on the market's reaction to current prices.