Why $BTC Fell Below $90,000 Again: A Clear Breakdown of the Sell-Off

$BTC dipped below $90,000 this week due to leverage flush-outs, weakening ETF demand, and macro stress. This convergence led to a second major correction, erasing previous rebounds and highlighting fragile market liquidity. 📉

The slide was primarily triggered by forced long liquidations. Over $500 million in positions were wiped out across exchanges, with $420 million from leveraged longs. Over 140,000 traders faced liquidation, revealing shallow order books and thin liquidity. 💥

ETF flows failed to stabilize the market. BlackRock’s iShares Bitcoin Trust posted six straight weeks of outflows, totaling over $2.8 billion. US Bitcoin ETF inflows dropped to just $59 million, signaling fading institutional conviction. 📊

Macro pressures intensified as the Bank of Japan hinted at a potential rate hike, threatening liquidity. Traders reduced exposure before US PCE inflation data. While showing gradual cooling, it wasn't soft enough for an imminent Federal Reserve policy shift. 🌍

Corporate and mining signals added caution. MicroStrategy suggested it might sell BTC to rebalance its treasury. Miner margins tightened as energy costs climbed and hashrate slipped, forcing some operators to offload coins. ⛏️

$BTC now sits near a critical support cluster between $86,000 and $90,000. Without stronger ETF inflows or a friendlier macro backdrop, volatility is likely to remain elevated. Information is for market updates, not investment advice. ⚠️

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