A U.S. federal appeals court rejected a Florida man’s bid to recover $354M in lost Bitcoin, ruling that his delay and contradictory statements led to the lawful destruction of the seized hard drive.

Bitcoin dips below $104K as traders brace for a possible drop toward $92K. On-chain data shows new holders entering capitulation, historically a long-term accumulation signal. Analysts warn key support at $100K must hold to avoid deeper downside.