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Bitcoin drops toward $85K after fresh trendline rejection as Binance outflows stay elevated

On Thursday, Bitcoin fell into the $85K area after being rejected again at a multi‑month descending trendline near $90K. Price momentum remains fragile, but CryptoQuant's on‑chain data shows sustained negative netflows on Binance in December, with several –2,000 to –4,000 BTC outflow spikes. This combination of weak technicals and persistent exchange withdrawals points to short‑term downside risk alongside potential longer‑term accumulation.