#CryptoRoundTableRemarks

The technical and behavioral indicators support this hypothesis:

The derivatives markets recorded a net increase in short positions, accompanied by a rise in funding rates, indicating a change in sentiment;

The sales volume increased both in the spot market and in perpetual contracts, as BTC approached $106,000;

The liquidation rate of long positions increased, indicating that many traders closed their positions ahead of the CPI or out of fear of a sharper correction;

Finally, the selling pressure mainly comes from actors who are in profit, whose behavior contributes to the current consolidation.

These signals confirm that the BTC pullback is essentially technical and opportunistic, rather than a reaction to a deteriorating fundamental factor.