📉 Bitcoin Market Update (Last 24 Hours)
#Bitcoin slipped 1.1% to $87,682, tracking a broader crypto market cooldown (–0.79%) as risk appetite weakens.
The Fear & Greed Index has dropped to 31 (Fear), reflecting rising caution.
🔑 Key Reasons Behind the Move
1️⃣ Technical breakdown
BTC lost key moving averages and broke below the $92,202 Fibonacci retracement, triggering downside pressure.
2️⃣ Market-wide caution
Declining open interest
Continued ETF outflows (–$635M)
Weak performance across altcoins
3️⃣ Institutional mixed signals
While Tether accumulated $850M worth of BTC, ETF products continue to see net outflows — showing institutional indecision rather than conviction.
🔍 What’s Next?
The market now hinges on holding the $86,000 support zone.
A recovery in sentiment will likely require:
Stabilization above support
Renewed ETF inflows
Improved risk appetite
⚖️ Bulls vs. Bears — tension is high.
The next move will define short-term direction.
