Overview
- Bitcoin fell to roughly $86,000 during U.S. trading on Monday after slipping below $90,000, with major tokens and crypto-exposed stocks also extending losses.
- Roughly $200 million in leveraged crypto longs were liquidated in about an hour, and data show a persistent pattern of weaker intraday performance during U.S. market hours.
- Cautious Federal Reserve guidance and expectations for a Bank of Japan rate hike weighed on risk appetite, alongside pressure from wobbling AI-linked equities.
- Spot bitcoin ETFs recently saw notable outflows, and analysts say covered-call selling by long holders has added steady sell-side pressure through market-maker hedging.
- On-chain metrics point to fragile liquidity, with short-term holders realizing losses (STH SOPR below 1) and CryptoQuant’s Inter-Exchange Flow Pulse turning red as analysts warn of an $80,000 retest risk.