⚠️ Bitcoin Pullback Deepens, Institutional Demand Holds
$BTC Bitcoin is undergoing a significant correction, with the price dipping below $85,000 this week, extending November's sharp slide. The downturn is linked to increased risk-off sentiment ahead of the US Federal Reserve's policy decision and renewed regulatory warnings from the People's Bank of China.
Despite the short-term volatility and a flurry of liquidations, institutional adoption signals remain strong. Major financial firms are preparing new $BTC Bitcoin-backed products, and demand for Bitcoin-backed loans is robust. Analysts view this as a leverage flush-out, with consolidation expected before the market can test resistance levels around the $90,000–$92,000 range.
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BTC
89,320.72
-3.04%