Sellers turn back Bitcoin at $87,000 for third time since September

Bitcoin faces repeated rejections at the $87,000 level for the third time since late September, even as equities post records and the dollar holds firm near 102.^[1][1] Holders continue pulling coins off exchanges in net outflows, yet that accumulation has not translated into sustained buying power at the resistance. Yields above 5.3 percent and a stronger dollar are absorbing liquidity that risk assets would otherwise capture, leaving Bitcoin stuck in a tightening macro environment where official patience on rates clashes with market pricing of persistent inflation.^[2]

The overlooked tension sits in the energy choke points: Saudi-backed Yemeni forces claim control of the Bab al-Mandeb Strait, which could ease some oil-route pressure, yet no clear resolution emerges for broader supply risks or capital flows into non-sovereign assets.^[3] Will buyers appear to absorb the next wave of selling above $87,000, or does the stall confirm that current outflows mask distribution once the annual open at $87,570 is tested again?