Bitcoin experienced a 3% price drop following MicroStrategy's significant BTC purchase of $4.6 billion. The decline occurred as Wall Street opened on November 18, leading to a liquidity hunt that targeted late long positions. Despite achieving new all-time highs near $93,500 on November 13, Bitcoin's price fell below $87,000 amid increased volatility. Traders expressed mixed sentiments, with some viewing the retracement as healthy after a previous 40% rally, while others anticipated deeper price corrections. The market showed a surge in short positions as Bitcoin dropped below $90,000, with approximately $35 million in long liquidations recorded. Some analysts believe that Bitcoin's price drop presents a buying opportunity, with expectations of further fluctuations across the crypto market in the next week or two.

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