$BTC Bitcoin is trading around $89,305, remaining under pressure after a major corporate move shook market confidence. The decline followed GameStop’s transfer of 4,710 BTC, worth nearly $421 million, to Coinbase Prime, signaling a full exit from its Bitcoin treasury strategy. The sale is expected to lock in an estimated $76–80 million loss, adding to broader risk‑off sentiment across crypto markets.

Technically, BTC has slipped below its 50‑day and 100‑day EMAs, confirming short‑term bearish structure. The RSI remains neutral, while the MACD continues to trend negative, suggesting limited upside momentum. Key support lies at $87,000–$85,000; a breakdown could open the door toward $80,000. Resistance remains firm near

BTC

87,556.03

-2.06%

$94,000–$97,000.

Investor sentiment is fragile, with the Fear index at 35 and nearly $844 million in ETF outflows over three days. Until institutional inflows return, rallies may face selling pressure.#btc #GrayscaleBNBETFFiling #USIranMarketImpact