Bitcoin Falls Below $90K: 35K BTC Flee Exchanges!

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Bitcoin, that fickle lover, once again abandons the $90,000 mark, leaving its followers in despair. 🚶‍♂️💔

Key points:

  • Bitcoin’s volatility, a relentless dance of hope and despair, sees US sellers drag the price back beneath the $90,000 threshold. 📉💸

  • Liquidations, like the slow drip of water on a stone, persist as investors, weary and uncertain, watch from the sidelines. 🧘‍♀️👀

  • Whispers of “buying the dip” echo through the market, a glimmer of hope amidst the chaos. 🕵️‍♂️✨

BTC Price Runs Out of Room as Wall Street Returns

Data from CryptoMoon Markets Pro and TradingView reveals BTC’s struggle, a battle against the forces of tradition. 🏹📉

Having reached $92,000 during the Asia session, BTC/USD soon faltered, its upward momentum extinguished like a candle in the wind. 🕯️🌪️

“This is exactly why you’ll need to stay calm, dear investor. A great move on altcoins, but a harsh rejection for Bitcoin,” mused Michaël van de Poppe, a trader with the wisdom of a sage. 🧙‍♂️📈

Van de Poppe’s hope for a “higher low” seems as fleeting as a mirage in the desert. 🌵💸

“And what if that doesn’t happen?” he asked, a question that haunts every market participant. 🤔❓

“Exactly. That’s when the lows are swept, and $86K becomes the last line of defense before a test of the abyss.” 🌑💣

QCP Capital notes that liquidations, though modest, reflect a fading interest in crypto-a quiet surrender. 🧘‍♂️💤

“A notable drop in positioning, whether due to fatigue, caution, or indifference, as traders wait for clarity. Because nothing says ‘excitement’ like waiting for a decision. 🤷‍♂️⏳”

24-hour cross-crypto liquidations hit $330 million, a number that feels both monumental and meaningless. 💸📊

“Migrating” BTC Supply Poses Liquidity Question

Strategy’s $1 billion Bitcoin purchase, a spectacle of wealth, failed to spark confidence. 🎩💰

As CryptoMoon reported, Strategy boosted its holdings by 10,624 BTC, a move that feels like a drop in the ocean. 🌊📉

QCP, however, notes that buyer appetite extends beyond the elite, a fleeting hope in the dark. 🕯️🌌

Over the past two weeks, 25,000 BTC exited exchanges, a silent exodus. Glassnode’s data paints a stark picture: 35,000 BTC gone. 🚀📉

“Bitcoin ETFs and corporate treasuries now hold more BTC than exchanges-a shift that tightens the float like a noose. 🧗‍♂️🪢”

“ETH mirrors this trend, with exchange balances at decade lows. Year-end liquidity thins, leaving a barren field of speculation. 🌵📉”

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2025-12-08 19:46