Bitcoin Drops Below $90,000 as Institutional Outflows Exceed $3 Billion

Bitcoin fell below $90,000 on Monday night, reaching approximately $89,650—a seven-month low. Spot bitcoin ETFs recorded over $3 billion in net outflows over three weeks, according to SoSoValue data. Analysts cite institutional profit-taking and risk-off positioning as primary drivers, with short-term traders also reducing exposure amid year-end portfolio adjustments.