Bitcoin continues to be under pressure after reaching its lowest level in seven months.

Deutsche Bank analysts say that the sales reflect a combination of broader risk aversion and recent statements from Fed officials that raise doubts about a rate cut in December.

Analysts also indicate that the situation reflects a stalled regulatory momentum, institutional outflows, examined liquidity, and profit realization by long-term holders. "While volatility continues naturally, these conditions suggest that Bitcoin's portfolio integration is being tested, raising the question of whether this is a temporary correction or a longer-term adjustment."

Bitcoin fell by 1.29% to 86,862 dollars.