**1. Price Performance & Market Snapshot**

- **Current Price**: $105,939 (₹90,46,215) .

- **24-Hour Range**: $105,804 – $108,891 .

- **Market Cap**: $2.1 trillion, with a 24-hour trading volume of $54.51B (+10.42%) .

- **Recent Trend**: Bitcoin$BTC dipped 1.8% in the last 24 hours but holds above the key psychological level of $106,000, showing resilience .

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**2. Key Drivers of Recent Price Movement**

- **ETF Inflows**: Institutional demand remains strong, with 10 consecutive days of positive ETF inflows, signaling long-term accumulation .

- **Leverage Liquidation**: A sharp retracement from $110,000 triggered massive long liquidations, while $103,300 acts as short-term support .

- **FTX Repayments**: $5 billion in creditor repayments began on May 30, potentially causing short-term sell pressure if recipients liquidate .

- **Profit-Taking**: After a rally to $112,000 last week, short-term traders are taking profits, contributing to the dip .

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*3. Technical Analysis**

- **Support Levels**:

- Immediate support: $104,000–$106,000 (institutional buying zone) .

- Critical EMA50 support: $105,453 .

- **Resistance**: $107,500–$110,000; a breakout could target $118,000 .

- **RSI Divergence**: Bullish divergence suggests weakening bearish momentum despite price declines .

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4. Institutional & On-Chain Insights**

- **Coinbase Premium**: Positive for 20 straight days, indicating strong U.S. investor interest .

- **Reduced Selling Pressure**: On-chain data shows decreased BTC inflows to exchanges, suggesting holders are accumulating .

- **Whale Activity**: Entities like Strategy (formerly MicroStrategy) added 7,390 BTC ($764.9M), now holding 576,230 BTC (~2.74% of supply) .

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### **5. Macro Outlook & Predictions**

- **Short-Term**: Volatility expected due to leverage dynamics and FTX repayments, but consolidation likely precedes a bullish continuation .

- **Long-Term Targets**:

- $118,000 (technical breakout) .

- $270,000–$400,000 (based on global liquidity trends and Ichimoku analysis) .

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### **6. Altcoin Market & Sentiment**

- **Bitcoin Dominance**: Altseason Index dropped to 18, confirming BTC’s lead over altcoins .

- **Ethereum & XRP Resilience**: ETH held near $2,650, while XRP stayed stable at $2.28 amid institutional interest .

--**Summary**

Bitcoin’s May 30 dip reflects a healthy correction after a rally, supported by institutional accumulation and technical strength. Watch the $104,000–$106,000 support zone for potential rebounds, while macroeconomic factors