US Bitcoin traders flip bearish: Is BTC price at risk of losing $90K?

Bitcoin faces rising downside risk as macro pressure and weak technicals point to a possible drop toward $80,000 on a rising-wedge breakdown.

Bitcoin (BTC) witnessed its lowest Coinbase Premium Gap (CPG) in a year, a sign that US-based investors were applying strong selling pressure relative to global markets.

Key takeaways:

US selling pressure spiked as the Coinbase Premium Gap hit a one-year low during a market holiday.

Read more