Bitcoin Plunges 3.7% from $90K Amid Year-End Liquidity Crunch & Macro Caution

• Bitcoin price fell 3.23% to $87,264 on Dec 30, after briefly touching $90,000 levels.
• The drop was triggered by failed attempts to hold above $90K, long liquidations, and thin year-end liquidity.
• The broader crypto market cap shed nearly $100 billion, falling from $3.02 trillion to $2.93 trillion.
• Analysts predict immediate support for BTC at $87,000–$87,300, with trading likely range-bound between $87K and $89K.
• Broader crypto market weakness reflects macro caution and technical resistance, though long-term holders are accumulating.

Why It Matters: Bitcoin's dip is due to year-end liquidity, macro caution, and technical resistance, with potential for accumulation.