📌 Real BTC Fundamental Summary
📍 Macro Risks High: Fed policy / geopolitical tension / USD strength → short-term pressure।
📍 Institutional Demand Mixed: ETF flows ups & downs।
📍 Volatility Return: BTC volatile moves showing uncertainty।
📍 Long-Term Bull Case Alive: adoption + halving + institutional involvement।
📍 Sentiment Still Weak: Fear index still low