đ¨ Bitcoin Faces Renewed Downward Pressure
$BTC Bitcoin's price recently plunged, slipping below $86,000 as December trading opened with a broad "risk-off" sentiment across financial markets. This pressure is amplified by low inflows into Bitcoin ETFs and a lack of strong "dip-buying" activity, signaling reduced short-term institutional demand.
Adding to the jitters, a major corporate Bitcoin holder, Strategy (formerly MicroStrategy), established a new cash reserve but also confirmed it would consider selling some $BTC Bitcoin if needed to fund dividends. This heightens concerns about potential selling pressure, with analysts watching the $80,000 level as critical support.
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BTC
89,625.13
-2.82%