Bitcoin fell to roughly $83,300 to $83,600 on Wednesday, down about 3% to 3.5%, after repeatedly failing to break through $87,000. The ProShares Bitcoin Strategy ETF (BITO) and iShares Bitcoin Trust ETF (IBIT) both fell more than 3%. IBIT trading volume reached 35.6 million shares. A worsening macroeconomic backdrop drove Bitcoin's latest decline. U.S. spot Bitcoin ETFs recorded $118.9 million in net inflows on Tuesday, according to the TFTC ETF-flow tracker. Analysts cited by Barron's identify $83,000 as Bitcoin's immediate downside level, with a decisive break potentially pushing Bitcoin toward $80,000.