Bitcoin has recently crashed by about 25%, a significant drop that reflects a shift in its status from a speculative asset to one more closely tied to traditional financial markets. This decline is not just a typical crypto meltdown; it is indicative of broader economic issues, including concerns over subprime car loans and the potential for contagion among small American banks. The current market conditions suggest that Bitcoin's value is increasingly influenced by liquidity and traditional financial dynamics, raising questions about its future as a unique asset. If Bitcoin falls below $100,000, the likelihood of a prolonged downturn could increase. The integration of Bitcoin into traditional finance complicates its narrative and raises concerns about its long-term value proposition.