• Bitcoin fell below $97,000 on Friday morning.

• The cryptocurrency has now properly broken through the $100,000 floor.

• Dragonfly Capital partner Haseeb Qureshi reminded investors that previous bear markets were worse.

Having been on a continuous downslide since Monday, Nov. 10, in the past 24 hours, Bitcoin (BTC) has assertively fallen below $100,000—a key psychological threshold.

However, with BTC trading between $96,000 and $97,000 at the time of writing and more losses expected on the horizon, Dragonfly Capital partner Haseeb Qureshi reminded investors that things could and have been much worse.

Although BTC briefly dipped below $100,000 on Nov. 7, sustained trading below this level is more significant, representing the collapse of a crucial support level.

The breach underscores how quickly sentiment can shift.

Barely a month has passed since Bitcoin reached an all-time high price of over $126,000 on Oct. 6.