KITE is the native token of the Kite AI blockchain — a Layer-1 network focused on enabling autonomous AI agents to transact, pay, and coordinate using verified identities and programmable rules.
Downtrend Resuming: Bitcoin recently dropped to around $91,000–$95,000, losing most of its October gains.
Weak Long-Term Holder Confidence: Long-term holders have been selling more aggressively, with the highest 30-day outflow since January 2024.
Macro Pressure: Risk-off sentiment, geopolitical tension, and uncertainty on Fed rate cuts are pressuring $BTC .
Institutional Demand Still Here: Despite the drop, some big players continue accumulating — for example, a firm bought ~8,178 $BTC between Nov 10–16.
Key Support / Resistance Levels:
Support: ~$90K (if broken, could go lower)
Resistance: Believed near ~$110K–$125K in some rebound scenarios.
Outlook: The near-term trend is bearish, but if macro conditions improve or institutional inflows return, a bounce could happen — though the risk of further drop remains.$BTC
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