đ Current Sentiment & Price Action
$BTC : has slipped back below $90,000, reaching a 7-month low around $86,300 before bouncing slightly to about $88,000.
Pintu
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This drop is being attributed to growing macro uncertainty â particularly doubts over future U.S. rate cuts â which is dampening risk appetite.
Reuters
At the same time, thereâs been heavy liquidations of long (bullish) futures positions, signaling a long squeeze.
Pintu
𧏠On-Chain & Institutional Trends
On-chain data shows significant accumulation by long-term holders, while short-term holders are realizing some profits.
HOLD Coin CVenture
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However, institutional demand seems to be cooling: inflows into Bitcoin ETFs have dropped sharply, according to recent reports.
AInvest
The realized capitalization of $BTC : continues to rise, suggesting that many holders are sitting on large unrealized gains.
HOLD Coin CVenture
â ď¸ Technical Risks
Analysts point out a potential breakdown if BTC fails to hold near current support. Some models suggest a drop toward $75,000 could be on the table if bearish momentum intensifies.
There are also warnings of a possible âdeath crossâ â a bearish signal when the 50-day moving average crosses below the 200-day MA â which could fuel further downside.
Business Insider
đ Longer-Term Perspectives
Despite the recent weakness, some big-name institutions (like JPMorgan) still see significant upside: they argue BTC is ârelatively cheapâ compared to gold when adjusting for volatility.
MarketWatch
Historically, November has been a strong month for Bitcoin. If ETF inflows rebound or macro headwinds ease, the market could see a bounce.
The Economic Times
On-chain strength suggests that long-term conviction remains. If buying pressure returns, BTC may find a base for a recovery.#BTC #BitcoinDunyamiz #BTCčľ°ĺżĺć
