🚀Bitcoin Must Face Competitive Forces: Institutional Demand vs. Profit-Taking Risks

📈 Bullish Factors:

- Corporations continue to buy (MicroStrategy added 4,020 BTC in June)

- Foreign reserves at a 6-year low

- Progress on ETF management and the CLARITY Act

📉 Bearish Risks

- 90% of BTC supply is currently profitable

- Technical indicators show weakness

- Macroeconomic instability from Fed decisions

💰Technical Levels

- Resistance at $115,194 (Fib 50%)

- Support at $110,677 (Fib 78.6%)

📊 Market Sentiment

- Foreign reserves have decreased to 15% of supply

- Whales are accumulating ETH (recently $2.85 billion)

👉Can institutional demand overcome retail selling pressure?