Bitcoin sees ‘pure manipulation’ as US sell-off liquidates $200M in an hour

💡 DMK Insight

Bitcoin’s dip below $87,000 signals a critical moment for traders: here’s why. The recent sell-off on Wall Street is creating a ripple effect in the crypto market, pushing Bitcoin down to $86,316. This decline comes despite Strategy’s significant buy of over 10,000 BTC, which suggests institutional interest remains strong. However, the market’s reaction indicates a disconnect; traders might be wary of broader economic pressures, including inflation and interest rate hikes. If Bitcoin can’t reclaim the $87,000 level soon, we could see further downside, potentially testing support around $85,000. But here’s the flip side: the accumulation by Strategy could be a bullish signal in the long run. If Bitcoin stabilizes and reverses, it might attract more retail investors looking for entry points. Keep an eye on volume trends—if buying pressure increases, it could signal a reversal. Watch for the next few days; if Bitcoin can close above $87,000, it might regain momentum, but a sustained drop below $85,000 could lead to more significant selling pressure.