$BTC is trading near $87,800, remaining under pressure after South Korean prosecutors confirmed a $47M loss of seized BTC due to a phishing attack during routine asset inspection 🇰🇷⚠️ This has added fresh uncertainty and increased short-term risk aversion among traders.
📉 Macro Pressure: • Spot BTC ETFs saw $103M+ net outflows • Concerns of possible Japanese Yen intervention returning • Historically, such events increase volatility across risk assets
📊 Technical Outlook: • Holding just above $87,600 key support • RSI: Neutral • MACD: Still showing short-term weakness • Bulls need a daily reclaim above $92,000 to shift bias bullish • Breakdown below support may open deeper downside
🟢 Long-Term View Still Constructive: Despite short-term pressure, fundamentals remain strong with SBI Group filing for a dual-asset BTC / $XRP ETF, showing continued institutional interest even in volatile conditions.