Bitcoin below the threshold of 89,000 USD: Negative sentiment engulfs the market
Investor confidence is severely shaken as Bitcoin fails to reclaim the 90,000 USD mark. Data from the Myriad market predicts that the likelihood of Bitcoin dropping to 69,000 USD has surged from 11.6% to 30% in just one week. The recent 6.7% drop in value, along with liquidation events reaching billions of USD due to geopolitical volatility, has pushed bearish sentiment to its highest level since early 2026.
The main reason stems from a lack of new capital inflow and the defensive attitude of large investors. Supporting buying positions is becoming riskier than ever as open interest stagnates. Experts believe this is a phase of repricing risk, where Bitcoin is no longer the top priority. Users need to align with tight capital management strategies to avoid misconduct in trading as the market has yet to find a solid foundation.$BTC
