Golden Finance reported that Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, warned that if Bitcoin “falls below $90,000,” a downward trend may occur. Kendrick highlighted in a note on Tuesday that there is "convexity risk" due to the increased likelihood of spot ETF liquidations, which could push Bitcoin prices below $80,000 in the near term. Kendrick said: “We believe that Bitcoin falling below $90,000 will lead to a further 10% decline in the short term to just over $80,000. Prices of all other digital assets will likely follow suit, and once the pullback is over, we recommend again Accumulate long positions.”