BTCUSDT

Perp

88,650.9

-1.62%

Bitcoin falls below $90,000 amid interest rate fears and pressure from long-term holders.

Bitcoin has dropped below $90,000 due to market fears of a potential interest rate hike by the Bank of Japan, prompting investors to reduce risk.

Additionally, long-term Bitcoin holders are pressuring the price by selling call options, which limits the rise and reduces volatility.

Despite continued buying from ETFs, the demand has not been sufficient to break this pressure, keeping the price in a narrow range and under temporary pressure.