Bitcoin price fell under $94,000 on Monday, extending last week’s decline as traders moved to the sidelines ahead of a dense U.S. macro calendar that could reshape expectations for interest-rate cuts. The pullback comes as global risk appetite weakens, tech stocks retreat, and derivatives positioning unwinds—leaving BTC exposed to deeper volatility as liquidity thins across spot and futures markets.
The macro spotlight this week is firmly on Wednesday’s FOMC Minutes, a potential market-moving event that may reveal a slower path toward monetary easing. With dollar strength re-emerging and Treasury yields edging higher, investors have trimmed high-beta exposure, accelerating BTC’s downside move.
On Thursday, markets will face a cluster of high-impact releases, including Average Hourly Earnings, Non-Farm Employment Change, the Unemployment Rate, and the Philadelphia Fed Manufacturing Index. The data could either cool or revive inflation concerns, but the uncertainty alone has prompted traders to unwind leverage and de-risk their positions based on the numbers.
Friday’s Flash PMI readings and revised University of Michigan sentiment add another layer of macro pressure, keeping volatility elevated through the week. Combined, the event-heavy calendar has reduced liquidity across BTC markets and magnified the impact of profit-taking and ETF outflows.
BTC Price Analysis
Bitcoin’s fall below the $94,000 mark marks a critical shift in the near-term market structure. The level had acted as a key demand zone over the past two weeks, with buyers consistently absorbing dips. Its breakdown triggered a fresh wave of defensive flows, as both retail and institutional traders reduced exposure ahead of the macro-heavy week. Market depth on major exchanges has thinned, meaning smaller sell orders are now able to move prices more aggressively.
Bitcoin’s drop toward $95,000 follows a clear death cross, with the 50-day moving average falling below the 200-day, signaling weakening trend strength and raising the risk of a deeper correction toward $92,000–$90,000. The CMF (Chaikin Money Flow) remains in negative territory, indicating persistent capital outflows and fading buying pressure. Together, these signals suggest that unless BTC reclaims $98,000–$100,600, bearish momentum may continue, with bulls needing a strong volume rebound to regain control.
If BTC stabilises back above the mid-$98K region, traders may interpret the move as a successful absorption of macro-driven pressure. Failure to reclaim that zone, however, keeps attention on the next areas of historical liquidity—a zone where long-term holders and funds have previously shown interest. For now, sentiment remains cautious, with volatility expected to stay elevated until the week’s U.S. data releases provide clearer direction on rates, growth, and inflation.
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