Is BTC's year-end performance the worst in 7 years? Why can't we break $90,000?
BTC failed to break $90,000 for the third time today, rising to $90,330 in the Asian session and crashing back to $87,500 in the US session.
Coinbase's premium turned negative, indicating a severe lack of buying interest in the US.
ETF has seen a net outflow for several days, and BlackRock deposited 2201 BTC into Coinbase today...
Year-end tax loss selling + holiday liquidity exhaustion, a double negative.
Some traders pointed out that this "heartbeat line" trend is more tax-driven than emotion-driven.
QCP analysts say that if it can stabilize above $94,000, it will trigger hedging buy orders from options market makers.
But now? The signals are too mixed; it’s better to wait until after New Year’s Day to discuss.
