Based on Cointribune, Bitcoin fell below $90,000 at the Wall Street open after peaking at $92,000 during the Asian session. The drop coincided with U.S. market selling pressure and a technical rejection at $93,500 resistance, according to trader Michaël van de Poppe. Despite the decline, liquidations remained moderate, indicating a cautious market stance. Meanwhile, over 35,000 BTC have been withdrawn from exchanges in the past two weeks, signaling accumulation into long-term wallets. QCP Capital noted that Bitcoin ETFs and corporate treasuries now hold more BTC than exchanges, as market supply continues to shrink.
Bitcoin Falls Below $90,000 at Wall Street Open Despite Exchange Accumulation
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