Bitcoin Falls Below $94,000 Despite $224M US ETF Inflows, Key Support at $88,500

Bitcoin fell during Asian trading on Dec. 11 and failed to hold above $94,000 despite net inflows of $224 million into US spot Bitcoin ETFs on Wednesday, Bloomberg reports. Sean McNulty, head of APAC derivatives at FalconX, said the next notable support level is $88,500, with $85,000 marking a critical threshold. He said structural selling pressure is dominating demand.