Bitcoin dips below $90K intraday as leverage washes out

BTC is trading near $89,700, off about 2.5% on the day after briefly breaking below $90,000 in Asian trade. News from Reuters, Bloomberg and Yahoo Finance highlight that over $440M–$500M of derivatives liquidations around the Fed decision and overnight selling have accelerated the move, even as on-chain and ETF flow data suggest medium-term structural support remains.