Bitcoin has dropped over 3% in the past 24 hours, falling from its all-time high of $99,000. Analysts at Standard Chartered link this correction to reduced term premiums for U.S. Treasurys, which weakens Bitcoin's appeal as a hedge against financial instability. Additionally, the upcoming monthly options expiry, with significant open interest between $85,000 and $100,000, is limiting price movement.
Despite this short-term pressure, institutional demand remains strong. Bitcoin ETFs have added 77,000 BTC since the U.S. elections, and MicroStrategy continues its large-scale purchases. Analysts predict Bitcoin may consolidate in the $85,000–$88,700 range before resuming its upward trend, targeting $125,000 by year-end. Show Less
