"Bitcoin has failed to sustain its recovery and slipped back below the $89,000 mark. The digital asset faces significant pressure from a Federal Reserve that is leaning neutral to hawkish while geopolitical tensions in the Middle East drain investor confidence. While traditional safe havens, like gold and silver, are catching a bid, the crypto space is seeing its speculative fire extinguished by a lack of fresh capital."
"The data from CoinGlass suggests a profound lack of conviction as crypto futures open interest sits 42% below record highs. Every attempt at a bullish breakout is currently met with aggressive long liquidations, indicating that traders are quick to exit at the first sign of trouble. Institutional appetite also showing signs of fatigue. According to SoSo Value, Bitcoin spot ETFs have witnessed $160 million in outflows over the last three sessions."
Bitcoin slipped below $89,000 as a Federal Reserve leaning neutral to hawkish and escalating Middle East tensions weighed on investor confidence. Gold and silver attracted flows while crypto saw a lack of fresh capital and speculative demand evaporate. Crypto futures open interest stands about 42% below record highs and bullish breakouts trigger aggressive long liquidations as traders rapidly exit. Bitcoin spot ETFs recorded $160 million in outflows over three sessions, signaling institutional fatigue. Jerome Powell signalled no urgency for rate cuts with rates held at 3.5%–3.75%, and Fed dissent and political uncertainty compounded market unease. Bitcoin weakened despite a strong U.S. dollar.
Read at London Business News | Londonlovesbusiness.com
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