#yggplay $YGG Bitcoin News Today: BTC Price Declines 5%, Underperforms Wider Market


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AI Summary
Bitcoin's recent downturn highlights a shift in market sentiment, indicating potential challenges ahead for investors. This trend could lead to increased volatility and further declines if support levels fail to hold.
Key Takeaways
Bitcoin price weakens as leveraged unwinding and macro uncertainty pressure digital-asset markets
Technical indicators remain negative and show strong downward momentum
Traders are watching $93,000 and $91,214 as major support as market confidence remains low
Immediate Market Drivers: Liquidations and Weak Confidence
Bitcoin’s decline followed over $303M in crypto liquidations, triggered by renewed concerns around Federal Reserve policy. Although this affected the broader market, Bitcoin underperformed, falling 5% compared to the wider crypto market’s 4.18% drop.

Funding rates and leverage data suggest a significant reduction in bullish positioning