🔥 MASSIVE MOVE: Bitcoin sinks toward $90K as markets unwind the entire rebound!
BTC dropped to $90,250 (-2.4%), erasing almost all of Tuesday’s spike after failing to break the $94,500 resistance. The pullback triggered heavy liquidations: over $514M wiped out in 24 hours, including $376M in longs flushed as BTC fell back below its short-term trend line.
ETH trades at $3,208 (-3.4%), SOL at $131 (-5.8%), DOGE down 5.5%, with XRP (-8.6%), ADA (-7.2%), and BNB (-5.9%) also deep in red. Total crypto market cap sits near $3.16T, still far from the $3.32T threshold needed to confirm a broader bullish expansion.
The market cooled even after the Fed delivered a 25bps cut and restarted Treasury purchases. A split within the committee and projections of fewer rate cuts ahead weakened overall risk appetite, keeping liquidity thin and volatility elevated.
QCP Capital warned earlier this week that BTC could trade in a wider $84K–$100K band into year-end. Bloomberg’s Mike McGlone went further, saying a Santa Rally may not show up, with BTC potentially finishing the year below $84K.
All eyes now turn to the $90K–$91K support zone — tested repeatedly throughout the past month.
• Break below → exposes range lows
• Hold steady → opens the door for another push toward $94K
⚡ Momentum is tightening — whales look like they’re preparing for the next major move. $BTC
