Bitcoin's price fell below $90,000 at the Wall Street open, retreating from a peak of $92,000 reached during the Asian trading session. The decline was attributed to selling pressure in the U.S. markets and a technical rejection at the $93,500 resistance level, as noted by trader Michaël van de Poppe. Despite the price drop, market liquidations remained moderate, reflecting a cautious stance among traders. In a notable trend, over 35,000 BTC have been withdrawn from exchanges in the past two weeks, indicating a shift towards long-term holding. QCP Capital highlighted that Bitcoin ETFs and corporate treasuries now hold more Bitcoin than exchanges, underscoring a shrinking market supply as accumulation continues.