$BTC Market Correction Underway

Bitcoin recently dropped from a record-high ~$112K down to ~$104K–$105K. This ~7% pullback stems from two main factors:

Macro risk aversion: Renewed U.S. tariff uncertainty lifted bond yields and dampened BTC sentiment .

High-profile headlines: The Trump–Musk clash added to investor jitters, pushing BTC under $101K before stabilizing near $105K .

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🧩 2. On-Chain & Technical Signals

Hash Ribbons: Just flipped green—the 3rd time this year—often seen as a reliable “buy the dip” signal .

Long-term holder movement: 20% rise in on-chain activity as long-term holders become active; classic sign of accumulation before a rally .

Balanced order book: Strong bid interest sits around $104K–$105K; resistance lies above $107K–$107.5K .

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📊 3. Bull Market Outlook

Cycle timing: We’re ~925 days into this cycle, suggesting a possible top in Q3–Q4 2025 .

Bearish warning: Weekly RSI divergence hints at a deeper correction (potential drop to $64K) unless BTC breaks above key trendlines .

Institutional flows: Spot ETFs are still attracting capital; futures markets suggest a possible short squeeze if BTC rallies 10% .

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📌 4. Why This Market Setup Matters

Healthy consolidation: Profit-taking after ATH is normal; shakeout helps eliminate weak hands .

Critical zone: Holding above $104K–$105K supports the bullish case. Falling below $100K could reset the trend .

Institutional vs retail dynamics: Corporate buys (like MicroStrategy’s recent Bitcoin purchases) reinforce long-term confidence .

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📝 Your BTC Post (for socials/blog)

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🔔 Bitcoin Update – June 8, 2025

Bitcoin is trading sideways around $105K after a ~7% dip from the record highs near $112K. This pullback reflects macroeconomic uncertainty (tariffs, rising bond yields) and key headlines (Trump–Musk fallout).

✅ Bullish signs:

Hash Ribbons flipped bullish again—historically a “buy the dip” signal.

On-chain data shows long‑term holders are “waking up,” meaning accumulation could be underway.