Bitcoin Recovers Above $90,000 After $88,000 Drop as $559 Million in Positions Liquidated

Bitcoin climbed back above $90,000 after falling to $88,000 earlier this week, triggering over $559 million in leveraged position liquidations within 24 hours. The sell-off stemmed from liquidity constraints, reduced Federal Reserve rate cut expectations, and continued institutional ETF outflows, according to QCP Capital. Technical indicators show momentum remains bearish despite the bounce, with the RSI at 34 and the MACD deeply negative.