That is an excellent follow-up question, as the sharp drop suggests a significant catalyst.
📰 Market Context:
@BTC Downtrend
The technical analysis showing the price at a critical support level ($87,225) is confirmed by current market news (as of November 23, 2025):
* Sharp Correction:
$BTC Bitcoin has fallen approximately 30-33% from its October 2025 peak of $126,210.
* Macroeconomic Pressure: Fading expectations of a near-term US Federal Reserve interest rate cut and broader "risk-off" sentiment are weighing heavily on speculative assets, including crypto.
* ETF Outflows: Bitcoin Spot ETFs, which previously fueled the rally, have seen record outflows (nearly $3.8 billion in November), indicating a severe shift in institutional investor sentiment.
* Liquidation Events: The sharp drop triggered forced liquidations of highly leveraged long positions, exacerbating the speed of the decline.
Conclusion: The price is at a major inflection point. While institutional buyers see value near $84,000 to $86,000, a decisive break below your charted support of $87,225 could easily lead to a test of the $80,000–$84,000 range.
Would you like a summary of the key resistance and support levels in a table format for quick reference?
#BTC #bainacesquare