$BTC is currently trading at $94,333.22, up 4.01% over the past 24 hours, following a sharp correction that saw it dip below $100,000 for the first time since late June. Despite the volatility, BTC maintains a dominant market position with a $1.88 trillion capitalization and $115.45 billion in daily trading volume. The recent sell-off was driven by macroeconomic uncertainty, delayed Fed rate cuts, and significant outflows from spot Bitcoin ETFs, alongside public companies offloading over 33,000 $BTC ($3.2 billion). On-chain data shows low volume and bearish control in the short term, with support holding around $90,000–$92,000. Sentiment remains deeply divided: the Fear & Greed Index signals extreme fear, yet real-time discussions on X and forums are overwhelmingly bullish, emphasizing long-term adoption and institutional accumulation. Technically, a close below $102,000 could extend the correction, while a break above $100,000 targets $103,500. Looking ahead, analysts project a year-end range of $100,000 to $200,000, with firms like Fundstrat and Bitwise forecasting $150,000–$200,000 on sustained ETF inflows and supply dynamics. While November has historically been strong, this cycle shows signs of diminishing returns, suggesting a milder peak and shallower correction than past bears. Traders should monitor ETF flows, macro cues, and key resistance levels closely—volatility remains high, and this is not financial advice.$BTC

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