#Bitcoin ($BTC ) Price Snapshot โ€“ $112.9K

Bitcoin is currently navigating between continued institutional accumulation and mounting pressure from profit-taking.

๐Ÿš€ Bullish Highlights:

Corporate interest remains strong: MicroStrategy acquired 4,020 BTC in June

Exchange balances hit a 6-year low, signalling reduced selling supply

Positive regulatory developments like ETF progress and the CLARITY Act are gaining traction

โš ๏ธ Bearish Signals:

90% of holders are in profit, which could trigger increased selling

Technical charts show signs of momentum fading

Fed policy uncertainty continues to cast a shadow over markets

๐Ÿ“‰ Key Technical Levels:

Resistance: $115,194 (50% Fibonacci retracement)

Support: $110,677 (78.6% Fibonacci retracement)

๐Ÿ“Š Market Sentiment:

Exchange reserves now represent just 15% of total BTC supply

Whales are beginning to shift focus toward Ethereum, with $2.85B in recent buys

๐Ÿง  Key Question:

Will institutional demand be strong enough to outweigh retail profit-taking?