#BITCOIN APPROACHES $87,000, MARKET CAP EXPANDS
Price Rebound: Bitcoin is trading around $87,000, showing a slight recovery after a sharp drop to the $81,000-$82,000 zone earlier in the week.
Technicals: The market sentiment is in "Extreme Fear" with an index value of 12. The monthly MACD shows a bearish crossover, a historically negative signal.
Market Dynamics: Bitcoin's dominance is strong at 59%, but spot ETFs have seen significant outflows, totaling $1.22 billion last week, indicating institutional profit-taking.
BTC
86,003.62
-3.96%
