Bitcoin Price Forecast: BTC slips below $84,500 amid rising liquidation pressure

Mixed institutional demand

Institutional demand shows mixed sentiment so far this week. SoSoValue data showed that after weeks of heavy inflows since mid-September, BTC ETFs recorded an inflow of $118.86 million on Tuesday after a mild outflow of $89.90 million the previous day. These mixed flows so far this week reflect cautious institutional positioning amid rising US Treasury yields and a stronger US Dollar (USD). Moreover, if the outflow trend resumes and intensifies, BTC could see further correction.

Rising liquidations threaten BTC’s recovery

The cryptocurrency market faced a sharp pullback mid-week, with BTC falling nearly -$2,000 in 20 minutes as $400 million in levered longs were liquidated in under one hour, according to The Kobeissi Letter X post.

CoinGlass Liquidation Map chart below shows that 101,831 traders were liquidated over the past 24 hours, totaling $550.65 million. Notably, 90.54% of BTC positions were long, indicating overly bullish positioning and leaving leveraged traders vulnerable to further downside.

As noted in the previous report, the broader decline in crypto prices may also be attributed to elevated profit-taking, which reached on Monday its highest level since November 23, 2025.