Bitcoin News Today: Bitcoin Faces $73K-$84K Challenge: Could Institutional Tolerance Levels Spark a Market Correction?
- Bitcoin nears $73K-$84K "max pain" range, where major institutional holders like BlackRock and MicroStrategy face cost basis pressures and significant outflows. - Macroeconomic uncertainty, including delayed Fed labor data and 41.8% December rate cut probability, complicates liquidity outlook amid ETF outflows totaling $58.85B. - Record $72B stablecoin reserves on exchanges and Bitcoin's oversold RSI (29.21) suggest potential rebound, contrasting with weak retail positioning and declining XRP futures int
Bitcoin nears the $73,000 to $84,000 "max pain" zone as experts point to a possible significant discount.
This "max pain" area aligns with the average purchase prices of major institutional
These developments are set against a broader market backdrop. Bitcoin ETFs, which serve as a gauge of institutional demand, have seen steady outflows. Data from SoSoValue reveals
Uncertainty in the broader economy adds to the complexity. The Federal Reserve's delayed jobs report has
Signals from retail and derivatives markets also point to weak sentiment.
Institutions are adjusting their tactics in response to the turbulence.
Bitcoin's near-term direction depends on whether the $73,000 to $84,000 range acts as a support or triggers more selling. Although volatility remains high in the short run, the convergence of institutional cost levels and macroeconomic factors suggests the market is approaching a crucial test of its strength.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Update: XRP ETFs Confront Downtrend While Key Support Levels Face Pressure
- XRP faces downward pressure near $2.27 amid $15.5M institutional outflows and declining futures open interest ($3.61B), signaling waning speculative interest. - Four XRP ETFs launching this week, including Canary Capital's $58M-volume XRPC , could drive $4B-$8B in inflows to counter recent outflows and stabilize pricing. - Technical indicators show XRP trading below key EMAs ($2.49/2.56) with fragile $2.20 support level repeatedly tested, while RSI (43) and bearish MACD confirm short-term selling pressur
Regulated or Decentralized: Kalshi’s $11 Billion Boom Sparks a Prediction Market Frenzy
- Kalshi's valuation jumped to $11B after a $1B funding round led by Sequoia and CapitalG, doubling from October 2025. - The CFTC-regulated platform competes with decentralized rival Polymarket, which targets $12B-$15B in its next funding. - Kalshi dominates 61.4% of prediction market trading volume, boosted by NYC election accuracy and subway ad campaigns. - Partnerships with Google Finance, Robinhood , and Barchart expand Kalshi's reach, contrasting Polymarket's crypto-centric innovations. - The $17.4B+
Bitcoin’s Sharp Decline: Causes Behind the Fall and Future Outlook
- Bitcoin fell below $100,000 in Nov 2025 due to macroeconomic shifts, regulatory ambiguity, and ETF outflows. - SEC's reduced crypto enforcement and Trump-era tariffs created uncertainty, while Treasury volatility and supply chain disruptions pressured risk assets. - BlackRock's IBIT ETF saw record outflows, contrasting with Abu Dhabi's tripled stake, as technical indicators showed oversold conditions and bearish momentum. - Experts remain divided: MSTR predicts $150k by year-end, but prediction markets s
Senate Crypto Legislation Transfers Oversight to CFTC Amid Rising Partisan Debate
- U.S. Senate proposes bipartisan bill transferring crypto regulation to CFTC, limiting SEC's role and classifying most cryptocurrencies as commodities. - Trump's CFTC nominee Selig faces scrutiny over agency staffing and bipartisan governance, with Democrats warning of political bias risks under single Republican leadership. - Industry supports CFTC's expanded oversight for regulatory clarity, but critics question its capacity to enforce AML standards and manage crypto market growth. - Finalized framework
Trending news
MoreCrypto prices
More
