🔻Bitcoin experienced a sharp decline, briefly dipping below $96,000 — its lowest level since May. The sell-off was driven primarily by substantial outflows from spot BTC ETFs, which saw nearly $870 million withdrawn in a single day. This accelerated market stress: Bitcoin’s market capitalization fell to $1.94 trillion, while leveraged liquidations exceeded $500 million, with the majority coming from long positions.
🔻Increasing exchange inflows and renewed selling by long-term holders pushed BTC toward the critical $96,500–$97,000 support zone. Technical indicators remain weak, and analysts caution that a breakdown below current levels could expose downside targets at $82,000 and even $66,900.