Bitcoin is currently testing its resilience amid a mix of technical weakness and growing long-term adoption. The recent drop to $87,741, coupled with $1.7 billion in U.S. ETF outflows, reflects strong institutional selling pressure, which is further highlighted by the collapse of the long/short ratio to 0.16 and 85% of short positions already in profit from $95K entry levels. This aggressive short positioning, combined with net hourly outflows of $15.7M and large-holder distributions, is creating liquidity stress that keeps price action defensive. In the short term, the $86,000 support level is critical, and a breach could trigger accelerated selling toward $84,800–$84,000. While RSI shows oversold conditions that may allow a temporary relief bounce, MACD remains bearish below $91,860 resistance, suggesting the market may consolidate until ETF flows stabilize. On the other hand, adoption news offers a positive long-term perspective: the UK has approved physical BTC staking ETPs, and Colombia’s second-largest pension fund is entering Bitcoin exposure, signaling broader institutional integration. My view is that BTC is at a crossroads—technical pressures dominate near-term trading, but the fundamentals of adoption and institutional involvement remain intact, meaning support zones and capital flows will likely determine whether this period of weakness becomes an opportunity or prolongs the bearish trend. #SouthKoreaSeizedBTCLoss
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