Bitcoin Drops to $91,200 as Tensions Rise in the Markets

Bitcoin on the Decline

Bitcoin has dropped to $91,200, negatively impacting market sentiment. This decline was influenced by BlackRock’s withdrawal of $113 million from its IBIT fund.

Market Situation

Stock indices have shown little change. Open positions in futures have decreased to $21 billion. While fundamental data and financing conditions remain calm, options positioning is showing an optimistic trend; the trend in call options is on the rise.

Other Cryptocurrencies

Ethereum has lost its gains following Fusaka, and weaknesses have been observed in CD20 and meme coins. However, Zcash (ZEC) and TRON (TRX) have performed strongly, challenging the overall downward trend.