Bitcoin rebounds above $90K after sharp sell-off, but recovery remains fragile

Bitcoin saw a brief drop below the $88,000 mark, leading to a significant correction across the crypto market. Over $559 million worth of leveraged positions were liquidated in just 24 hours, with Ethereum and other major altcoins also affected. This sell-off wasn’t solely driven by one factor, but rather a complex interplay of declining liquidity, shifting macroeconomic expectations, and persistent institutional ETF outflows.