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When will Bitcoin break through the $90,000 mark? Institutional withdrawal + high interest rates = a period of waiting
【Crypto World】Bitcoin may continue to fluctuate around $90,000 in the coming days. The market is stuck mainly due to the following factors stacking up: at the beginning of January, institutions withdrew $1.37 billion from spot Bitcoin ETFs, and the impact is still ongoing; coupled with the Federal Reserve’s high interest rate policy not easing yet, safe-haven funds are instead piling into gold; additionally, geopolitical tensions have also suppressed the attractiveness of risk assets. The market is basically waiting—waiting for the stock market to give a clear signal, waiting to see how U.S. bond yields move, waiting for macroeconomic changes. No one wants to act rashly in this period of uncertainty, so Bitcoin may remain in this deadlock in the short term.