Bitcoin Retreats Toward $84,575 as Whales Sell $2.52 Billion After $87,220 Rejection

Bitcoin is trading near the $84,575 area, putting technical focus on the $82,500 support zone following a price rejection at $87,220. The pullback occurred as crypto whales dumped more than 30,000 BTC, valued at roughly $2.52 billion, during a failed breakout attempt at the top of a two-week channel. This selling follows earlier institutional caution, where U.S. spot Bitcoin ETFs snapped a nine-day, $3.08 billion inflow streak with $148.69 million in net outflows, largely driven by $125.58 million in redemptions from Fidelity's FBTC.