#Bitcoin ($BTC ) Price Update – $112.9K

Bitcoin is caught between strong institutional interest and growing profit-taking pressure.

🚀 Bullish Signals:

Corporates still buying: MicroStrategy added 4,020 BTC in June

Exchange reserves hit a 6-year low

Regulatory momentum building with ETFs and the CLARITY Act

⚠️ Bearish Concerns:

90% of BTC holders are in profit — increasing risk of sell pressure

Technical indicators show signs of exhaustion

Uncertainty remains around upcoming Fed decisions

📉 Key Levels:

Resistance: $115,194 (50% Fibonacci)

Support: $110,677 (78.6% Fibonacci)

📊 Sentiment Overview:

Exchange reserves now down to just 15% of total BTC supply

Whales shifting some attention to Ethereum, with $2.85B in recent accumulation

🧠 Question:

Can institutional buying outweigh the urge for retail investors to cash out?