Bitcoin Surges Past $88K Despite Outflows and Volatility

Despite a wave of capital outflows from the crypto market, exceeding $3.6 billion in just four days, Bitcoin managed to break past the $88,000 level. This surprising move defied bearish predictions as over 104,000 traders were liquidated within a single day, indicating strong resistance against prevailing risk aversion. While these outflows stemmed from conservative trading and book profits, their impact was limited by Bitcoin’s own bullish performance.