Analyst: If Bitcoin falls below $90,000, it may trigger a deeper correction

ChainCatcher news, according to CoinDesk, Bitcoin fell below the $95,000 mark during trading on Monday, as rising macroeconomic uncertainty and the upcoming Federal Reserve meeting heightened market caution.

FxPro analyst Alex Kuptsikevich stated that if prices continue to be under pressure, the key support levels below are $92,500 and $89,000; if it falls below $90,000, it could trigger a deeper correction.

Additionally, despite the market fluctuations, the Bitcoin spot ETF launched last year still recorded a net inflow of approximately $1.81 billion last week, indicating that both institutional and retail investors remain enthusiastic about allocations. On-chain data shows that long-term holders have unrealized profits close to 350%, which may create potential selling pressure on prices.