$BTC fell 3.27% below $86K, triggering $500M+ liquidations. Bearish momentum dominates as price stays below key EMAs with a bearish MACD. RSI at 29.8 shows oversold conditions, hinting at a possible short-term bounce.
Macro risk-off from Bank of Japan rate hike fears and US data uncertainty drove selling. $62M ETF outflows and whale activity signal weaker institutional demand.
Key levels:
Support: $84,428
Resistance: $87,875 (reclaim needed for recovery)
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BTC
86,460.98
-3.74%
