Citing Bpaynews, Bitcoin futures fell below $88,000 on November 25, marking the worst weekly decline since February. Deutsche Bank identified five factors behind the drawdown: thinner liquidity, unwinding of crowded long positions, increased miner selling, persistent outflows from spot Bitcoin ETFs, and a rotation into other risk assets. Traders are monitoring key support and resistance levels, with bearish bias below $88,000 and potential bullish reversal above $88,550.
Bitcoin Futures Slip Under Key $88k as Deutsche Bank Cites Five Market Pressures
BpaynewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.