Bitcoin News Today: Bitcoin Heads Towards $87K, Slides 2%

Key TakeawaysBitcoin price extends a four-day decline amid macro uncertaintyBitcoin ETF outflows hit $357.6M, the largest since Nov 20Bitcoin declines slightly immediately following U.S. employment data releaseBitcoin News Today: Bitcoin Heads Towards $87K, Slides 2%BTC has fallen for a fourth straight day as macro jitters, ETF withdrawals, and bearish technical signals weigh on sentiment. The move matters as price action approaches key support levels that could shape near-term market confidence. Immediate Market Move Pressures Bitcoin PriceBitcoin price declined roughly 2% in the past 24 hours, trading near $87,000 after failing to hold above recent support. The drop extends a four-day losing streak, reflecting sustained selling pressure across the crypto market.Spot Bitcoin ETF products recorded $357.6M in net outflows in one day. This marked the largest withdrawal since November 20, highlighting reduced institutional interest during heightened volatility. Macro Jitters Drive Risk-Off SentimentBroader crypto market weakness followed rising macro uncertainty ahead of U.S. jobs data and Japan’s rate decision. Higher U.S. Treasury yields, near 4.2%, reduced demand for non-yielding digital assets like Bitcoin. After the release of U.S. employment data on Tuesday night, Bitcoin showed an immediate slight decline and dipped below $87K.Despite prior rate cuts, hawkish guidance and elevated equity correlations pressured confidence. Bitcoin continues trading as a high-beta risk asset rather than an inflation hedge in the current environment. ETF Flows Signal Institutional CautionThe latest Bitcoin ETF data shows Grayscale-led outflows, while inflows into other funds slowed. This aligns with Bitcoin trading nearly 30% below its October peak.ETF flows now closely track Bitcoin price movements. Persistent outflows increase downside risk toward the $84K support zone, a level closely watched by market participants. Technical Indicators Confirm Weak MomentumTechnical structure remains fragile as the death cross persists. The 50-day EMA at 95,133 stays below the 200-day EMA at 102,869, reinforcing bearish momentum.Source: TradingViewShorter-term averages also point lower. The 10-day EMA at 89,215 and 20-day EMA at 90,317 cap recovery attempts, indicating limited upside confidence. Momentum indicators suggest stabilization risk but no confirmed reversal. BTC Outlook: Key Levels To WatchFrom a Bitcoin forecast perspective, the $84K–$85K zone remains critical near recent multi-month lows. A failure to hold this range could expose deeper downside toward $74K, aligned with long-term Fibonacci extensions.On the upside, market structure improves only if Bitcoin reclaims $94K, where the 50-day EMA converges with key retracement levels. Until then, low confidence conditions and thin holiday liquidity may amplify volatility.