🟥Bitcoin once again slipped below the $100,000 mark, reflecting a combination of weak spot demand and elevated selling activity. Despite reduced macro uncertainty following the end of the U.S. government shutdown, liquidity inflows into risk assets remain muted. Daily liquidations exceeded $500 million, adding to market anxiety and keeping the Fear & Greed Index in “extreme fear” territory.
🟥Long-term holders have added additional downward pressure, selling roughly 815,000 BTC over the past month — the highest level in a year and a half. With demand weakening, this supply overhang continues to undermine recovery attempts and reinforces the prevailing downtrend. Analysts warn that until buyers regain confidence, Bitcoin is likely to keep testing support levels while trading within a narrowing consolidation range.