Bitcoin slipped under $90,000 this week as liquidation pressure, weak ETF demand, and macro uncertainty converged.
The fall erased gains from earlier attempts to reclaim the $94,000–$95,000 zone, marking the second major breakdown this month.
The catalyst was a cascade of forced long liquidations. Nearly $500 million was wiped out across exchanges, including around $420 million in long positions, and over 140,000 traders were liquidated in a 24-hour window.
ETF flows failed to absorb the selling. BlackRock’s iShares Bitcoin Trust recorded six straight weeks of outflows totaling more than $2
The fall erased gains from earlier attempts to reclaim the $94,000–$95,000 zone, marking the second major breakdown this month.
The catalyst was a cascade of forced long liquidations. Nearly $500 million was wiped out across exchanges, including around $420 million in long positions, and over 140,000 traders were liquidated in a 24-hour window.
ETF flows failed to absorb the selling. BlackRock’s iShares Bitcoin Trust recorded six straight weeks of outflows totaling more than $2
16 days ago
