Bitcoin Under Selling Pressure

🟠Despite active accumulation of Bitcoin by retail investors, BTC continues to trend downward. Large holders — those capable of significantly influencing the market — remain on the sidelines, reducing the chances of a trend reversal. Additionally, long-term investors have begun aggressively taking profits, selling over $1 billion worth of BTC in a single day, which has intensified downward pressure on the price.

🟠Bitcoin is currently trading below the key resistance level of $105,000, hovering around $103,527. If it fails to hold above the support at $102,734, a pullback to $100,000 or even $98,000 is possible. A capital influx from institutional players is essential for recovery — only then can the market break out of its prolonged slump and enter a new bullish cycle.