#BTC @BTC $BTC
The "Line in the Sand" ($60,000): This is the ultimate psychological and technical floor. If BTC holds above $60k, bulls may attempt a run back toward $80,000. If it breaks, a "flush" toward $50,000–$52,000 becomes highly probable.
ETF Outflows: We’ve seen four consecutive weeks of withdrawals from spot Bitcoin ETFs (over $375M recently). Until institutional demand stabilizes, upward momentum will be capped.
Miner Capitulation: With Bitcoin currently trading below the average mining cost of $87,000, miners are under immense pressure to sell their reserves to stay afloat, creating a steady "sell wall."
Macro Headwinds: The market is awaiting fresh U.S. CPI (inflation) data. Stronger-than-expected inflation would likely delay interest rate cuts, which is generally bearish for crypto