Withdrawal of $486 million from Bitcoin ETFs; BTC fell below 90 thousand dollars!
The correction came after BTC price climbed to the $94,000 range earlier this week, fueling hopes of a move towards $100,000.
Analysts believe that the main reason for this drop is due to profit taking and selling pressure of whales to eliminate leveraged traders. Despite this correction, bullish signals are still active.
US economic data has bolstered the likelihood of ierest rate cuts, and firms such as Strategy have maiained fundameal price support as Bitcoin coinues to accumulate.
As a result, for retail investors, this volatility can be both a warning for risk manageme and an opportunity to step io corrections.
