Bitcoin shows strength at $92K, but is the bottom in?

💡 DMK Insight

Bitcoin’s hold above $92,000 is shaky, and here’s why that matters: spot ETF outflows are increasing, signaling potential weakness in demand. With geopolitical tensions rising, traders might hesitate to enter new positions, especially if they fear a dip could deepen. The $92,000 level is crucial; if it breaks, we could see a swift move downward. Watch for volume trends—if outflows continue, it could indicate that institutional interest is waning. This situation could ripple into altcoins, particularly those closely tied to Bitcoin’s performance. On the flip side, if traders do pile into the dip, we might see a short-term bounce, but that would require strong buying volume to confirm a reversal. Keep an eye on the next few days; if Bitcoin can reclaim and hold above $92,500, that could signal renewed bullish sentiment.