🚨 #PreciousMetalsPullBack #BitcoinUpdate

Bitcoin is under heavy pressure as global markets enter a risk-off phase. After dropping sharply on January 29, BTC hit an intraday low near $83,383, its weakest level since November, and remains trapped in the $84K–$85K range — down 33% from October’s peak of $126K.
Key drivers:
💸 Institutional outflows: Bitcoin spot ETFs saw 5 consecutive days of withdrawals totaling $1.1B, mostly from three major funds, weakening short-term confidence.
🥇 Safe-haven rotation: Gold surged above $5,600/oz & silver crossed $120, drawing liquidity away from crypto.
📈 Volatility spike: Crypto volatility indexes climbed above 40, with 97% of BTC call options OTM, signaling bearish sentiment.
🏦 Fed stance: Rates held at 3.50–3.75%, offering no dovish relief, adding to macro uncertainty.
🔍 Can BTC drop to $70K?
Immediate support: $80K
Major downside zone: $70K
Bullish reclaim area: $93K–$95K
⚠️ Bitcoin’s weakness is mainly institutional repositioning, not structural failure. Historically, pullbacks during macro stress have preceded renewed accumulation.
⏳ Patience is key — next moves will depend on ETF flows, macro clarity, and defense of long-term support.