Analyst: Once Bitcoin falls below $90,000, it may trigger a deeper correction
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Planet Daily News: Bitcoin fell below $95,000 during Monday's trading session due to rising macroeconomic uncertainty and increased market caution ahead of the Federal Reserve meeting. FxPro analyst Alex Kuptsikevich stated that if prices continue to face pressure, key support levels are at $92,500 and $89,000; losing the $90,000 level could trigger a deeper pullback. Additionally, despite market volatility, the Bitcoin spot ETF launched last year still recorded approximately $1.81 billion in net inflows last week, indicating continued institutional and retail investor enthusiasm. On-chain data shows that long-term holders' unrealized profits are approaching 350%, which may potentially create selling pressure. (CoinDesk)
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