【Bitcoin Plunge Warning】ETF Capital Outflow Intensifies, Price Teeters on $90,000 Threshold！

Can Bitcoin Break Through the Key Resistance of $90,000?

Bitcoin's recent price has been persistently sluggish due to ETF capital outflows and short-selling pressure, with open contracts surging by $3.2 billion within 24 hours, creating a tense market atmosphere. Despite MicroStrategy actively increasing its BTC holdings, capital outflows and short-selling sentiment continue to pressure Bitcoin's price, approaching the critical $90,000 resistance.

Market Leverage Soars, Short-Selling Pressure Intensifies

Between April 14 and 21, Bitcoin's open contracts significantly increased to $30.5 billion, indicating a surge in market leverage activities. A 59.79% short position has led to increased short-seller pressure, and should prices rebound, a short squeeze could lead to severe volatility.

ETF Capital Continues to Flow Out, Can Bitcoin Break Through $90,000?

ETF products have experienced capital outflows for 40 consecutive days, totaling over $800 million, including withdrawals from major products like BlackRock, Grayscale, and Fidelity. The ongoing capital outflow makes it increasingly difficult for Bitcoin to break through the $90,000 resistance. Particularly on April 8, Trump's tariff declaration triggered a large-scale capital withdrawal, increasing market uncertainty.

MicroStrategy Continues to Increase Holdings, Price Volatility Intensifies

Despite market turbulence, MicroStrategy purchased an additional 6,556 Bitcoins in mid-April, bringing its total holdings to 538,200 BTC, worth $46.83 billion. The company continues to plan to increase its Bitcoin holdings, despite ongoing ETF capital outflows, demonstrating confidence in Bitcoin's long-term prospects.

Price Challenges the $90,000 Threshold, A Breakthrough Will Trigger a New Round of Increases

Bitcoin's current price hovers between $88,000 and $90,000, a critical historical resistance area. If this range is breached, it could drive prices further up to $92,670. If it fails to break through again, the market may repeat historical cycles, leading to a price decline.