Bitcoin is dropping to $91,200 while tensions in the markets are rising.

Bitcoin Decline

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

Market Situation

Stock indices have shown little change. Open positions in futures contracts have decreased to $21 billion. While fundamental data and financing conditions remain calm, options positioning has a bullish trend; the trend in call options is also rising.

Other Cryptocurrencies

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