🚨 Bitcoin Market Update

Price & Market Cap

• $BTC is trading around $108,018, down 2.17% in 24h after pulling back from near $114,000.

• 24h trading volume surged 74% to $103.2B, signaling strong market activity.

• Market cap: $2.15T | Dominance: 59.12%

Price consolidates after retreating from its all-time high of $126,198.

💡 Key Catalysts

•Institutional adoption: Whales moved $3B+ into BlackRock’s spot Bitcoin ETF; ETFs added another $477M BTC yesterday.

•Regulatory tailwinds: U.S. Fed supports DeFi; SEC streamlines spot ETP approvals.

•Gold to Bitcoin rotation: Investors may see BTC as a new safe-haven.

•On-chain data: Mid-sized holders (100–1,000 BTC) are accumulating, historically bullish.

📊 Technical Analysis

•Support: $107,300 & key zone at $105,000

•Resistance: $112,700–$113,000; a break could target $117,600–$120,000

•RSI: 41.85 (neutral) | MACD: mixed signals → short-term momentum unclear

•Strategy: Consolidation phase; watch $113,000 breakout for longs or $105,000 for potential exit.

⚠️ Risk & Sentiment

•Fear & Greed Index: 29 (“Fear”) → cautious sentiment may signal contrarian opportunity

•Whale activity: $235M BTC short opened as downside hedge

•Volume balance: Negative → selling pressure high, trade carefully

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$BTC

BTC

68,563.2

-1.43%

$ETH

ETH

1,962.23

-4.76%

#MarketPullback #CryptoNews #bitcoin #MarketAnalysis #tredingtips