The market reports shows, that Bitcoin ETFs are experiencing a decline in pre-market trading:
ProShares Bitcoin Strategy ETF: -3.7%
iShares Bitcoin Trust: -4.4%
This may can be one of the reasons behind the current drop of $BTC price. Meanwhile, $BTC is expected to go below $90K during this bearish momentum, then the Bull Run will takeover and we'll hopefully be seeing $BTC to hit a new ATH!
Disclaimer: This post is based on the Market information/news and my personal opinion, not a financial advise. Do Your Own Research before any investment!
Stay tuned for further market updates!