BTC Drops 2.94% to 86,146.51 USDT as Macroeconomic Shifts Challenge Momentum Despite Strong ETF Inflows

Bitcoin (BTCUSDT) has declined by 2.94% over the past 24 hours, with the current price at 86,146.51 USDT according to Binance. The price drop is largely attributed to recent macroeconomic factors, including anticipated policy rate changes by the Bank of Japan, global liquidity conditions, and fading momentum after the Federal Reserve's interest rate cut. Additional market influences include thinning year-end liquidity and low leverage, contributing to increased volatility. Despite notable institutional interest and positive ETF inflows, technical indicators show Bitcoin trading below key daily moving averages and in a corrective phase. The asset saw a 24-hour trading volume of 1.48 billion USDT on Binance, with a high of 88,751.99 USDT and a low of 86,146.51 USDT, while institutional accumulation and long-term optimism remain strong.