Bitcoin (BTC) falls below $87,000, down 3.19% on the day.

In the early hours of November 21st, Beijing time, the cryptocurrency market experienced significant volatility. According to real-time data from the OKX trading platform, Bitcoin (BTC) failed to hold the key support level of $87,000, fluctuating downwards in the early morning and reaching a low of $86,998.30 per coin, currently trading near that level. As of press time, Bitcoin has fallen 3.19% on the day, showing a short-term correction.

This adjustment follows Bitcoin's recent consecutive all-time highs, and market analysts believe it is a normal technical correction. With continued institutional capital inflows and mainstream financial institutions accelerating their entry into the cryptocurrency field, the overall market trend is still viewed positively by most analysts. However, increased short-term volatility also reminds investors to pay attention to risk management, and it is recommended to monitor the support and resistance levels in the $86,000-$88,000 range.

Future trends still require close attention to global regulatory developments, institutional capital flows, and changes in the macroeconomic environment, among other factors.