Bitcoin Faces Intensifying Pressure as Liquidity Tightens and Sentiment Softens

Bitcoin’s price outlook has turned increasingly uncertain after its latest recovery attempt failed to reclaim the crucial $94,000 level. The market is shifting rapidly as tightening liquidity, fading risk appetite, and growing macroeconomic concerns compress BTC into a narrow range between strong support and heavy resistance. Traders are now closely watching buyer reactions to persistent sell-side pressure, with broader economic data and large transfers adding to the unease.

Market sentiment weakened sharply after BlackRock moved $125 million worth of BTC to Coinbase, triggering concerns of potential redistribution or strategic repositioning. Because this occurred during an already fragile moment for Bitcoin, the transfer amplified hesitation among traders. Each rebound has struggled to sustain momentum, allowing sellers to remain in control while buyers show little willingness to chase volatile moves.

Additional pressure came from the recent U.S. PCE inflation reading of 2.8%, which heightened fears of delayed policy easing. The combination of macro uncertainty and the timing of BlackRock’s transfer deepened short-term caution across the market. Liquidity has thinned noticeably near resistance, signaling reduced exposure and reinforcing current downside risks.

Bitcoin continues to stall near the $94K rejection zone, with the price hovering around $89,291 and repeatedly failing to break through. Analysts warn that the pattern of stalled rebounds points to weakening demand and raises the probability of a retest near $88K. Sellers have been aggressively defending the upper threshold, creating an increasingly constrained environment for buyers.

The technical picture reinforces bearish expectations. BTC is trading inside a pennant-style bearish flag following its sharp decline, suggesting continuation unless buyers can shift momentum. Parabolic SAR dots remain positioned above the candles, highlighting persistent seller dominance. Meanwhile, the DMI shows the -DI slightly above the +DI, supported by an ADX reading that indicates a trend strong enough to continue.

If buyers fail to hold the $87K support, Bitcoin could decline toward $84K before any rebound attempt. This zone may provide the stability needed for a more durable recovery, but the market remains highly reactive as traders await the next decisive move.