🟦Bitcoin’s brief spike to $111,300 on Tuesday did little to change the broader picture: the crypto market is entering a phase of heightened caution. Glassnode data shows declining network activity and outflows from institutional investors, signaling weaker speculative demand. Transaction volume fell 13%, while long-term holders are taking profits, increasing selling pressure.
🟦Experts warn that if the current trend persists, Bitcoin could test the $107,000 zone or even dip below the psychological $100,000 mark. Analysts recommend holding off on long entries until BTC firmly consolidates above $118,000, citing ongoing macroeconomic risks and the historical weakness of Q3.
