$BTC fell 2% to $87,078, unable to maintain momentum above $90,000. The current formation indicates a bearish pennant that typically signals further losses.
Analysts note that ongoing selling pressure could push the price below $85,000. However, a market recovery could lead to a new test of the $90,000 level.
Meanwhile, the U.S. spot Bitcoin ETF recorded total net outflows of $142 million. However, BlackRock's IBIT fund recorded the largest net inflows of the day, with $6 million, the highest figure among spot Bitcoin ETFs.
BTC
87,531.2
-0.36%