Analyst: Once Bitcoin falls below $90000, it may trigger a deeper pullback

Odaily Planet Daily reported that Bitcoin fell below the $95000 mark on Monday, as market caution intensified due to rising macroeconomic uncertainty and the approaching Federal Reserve meeting. FxPro analyst Alex Kuptsikevich stated that if prices continue to be under pressure, the key support levels below are $92500 and $89000, respectively; Once it falls below $90000, it may trigger a deeper pullback. In addition, despite the volatile market, the Bitcoin spot ETF launched last year still recorded a net inflow of approximately $1.81 billion last week, indicating that institutional and retail investors' enthusiasm for allocation remains strong. On chain data shows that long-term holders have unrealized profits approaching 350%, which may create potential selling pressure on prices. （CoinDesk）