$BTC Current Price Action: Bitcoin has dropped back below the $100K mark, hitting around $96K, its lowest in about .

Risk-off sentiment is growing. Macro worries (e.g., less confidence in a Fed rate cut) are pushing investors away from riskier assets.

Significant selling from long-term holders is adding pressure — on-chain data shows they’ve been offloading BTC.

ETF flows have stalled, with outflows becoming more common recently.

Key Technical Levels:

Resistance: ~$100K–$101.6K — BTC needs to reclaim this to neutralize bearish pressure.

Support: Around $92,800–$93,000 — if this breaks, deeper declines could be on the table.

Macro / Structural Risks:

Investor risk aversion is up due to global economic uncertainty.

Some long-term confidence may be eroding as big holders sell — not just short-term traders.

Local (Pakistani) Context:

In Pakistan, BTC’s value remains strong in PKR, and there’s rising interest from both retail and institutional investors.

The Pakistani government has announced a strategic Bitcoin reserve program.

Outlook:

Bitcoin is testing a critical zone — if it holds above its support levels and macro sentiment improves, a bounce is possible. But if the downside breaks, we could be looking at more correction.

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