Market Update: BTC Weakens Into Year-End
Bitcoin has broken below $85,500, marking sharp declines over the last month as market structure continues to deteriorate.
🔹 Old wallets are sending large amounts of BTC to exchanges, creating heavy supply pressure
🔹 Liquidity is thinning as managers rotate defensively for year-end
🔹 Options markets turn bearish the $85K put is now the largest open interest strike
🔹 MSTR remains in focus as BTC inches closer to its $74,430 breakeven
With sentiment shifting and volatility rising, the coming weeks could be pivotal for market direction.
