Bitcoin (BTC) continues to trade in the red, dropping below $93,000 on Tuesday after declining almost 5% the previous day.
Bitcoin price today: $92,400 Bitcoin drops below $93,000 on Tuesday after declining almost 5% the previous day. CryptoQuant data shows leverage overheating as open interest and leverage ratios hit annual highs, with short-term holders taking profits. On-chain data shows $150 million in Bitcoin liquidations and $435 million outflows from spot ETFs, highlighting shifting market sentiment. The technical outlook shows a bearish divergence in RSI, signaling weakness in bullish momentum.
Source: Coinglass In an exclusive interview on Friday, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, told FXStreet, “You can certainly argue when something goes up 30%, you can have pullbacks because markets can get a little bit ahead of themselves The ETFs are kind of buying on any dip, so that should help cushion any sell-offs.
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