$2 Trillion Market Cap No More: What Drives The Bitcoin Drop

Bitcoin (CRYPTO: BTC) has slipped under the $100,000 mark amid heavy ETF outflows and renewed doubts about Federal Reserve rate cuts, signaling growing institutional caution.

What Happened: Bitcoin’s rejection at key daily moving averages and the $106,800 level triggered a deeper correction toward the $95,700 (.703 Fib) zone, with a possible extension into the $91,000–$88,000 golden pocket, near the 3D 200 SMA/EMA.

Over the past day, Bitcoin flushed all long liquidity between $101,000 and $96,000, hitting the expected $95,700 …

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