Bitcoin price retraces due to macroeconomic bearish influences, institutions increase holdings by over 30,000 BTC
According to BlockBeats, CryptoQuant analyst Axel Adler Jr pointed out that non-farm payroll data fell short of expectations, the Federal Reserve's policy divergence, and tariff tensions have led to global market risk aversion. The S&P 500 and Nasdaq performed poorly, U.S. Treasury yields declined, and gold saw inflows.
Bitcoin's price retraced from $119,800 to $112,000, short-term bullish momentum weakened, on-chain activity decreased but the market is still accumulating. Strategies and institutions increased holdings by over 30,000 BTC, with the options market Max Pain stabilizing at $118,000.
If Bitcoin holds steady at the support level of $110,000–$113,000 and momentum recovers, the market is expected to retest the $119,000–$122,000 range; if it falls below $110,000, it may retrace to $105,000–$107,000. Future macro risks and institutional buying dynamics will determine the direction.
Increase Bitcoin holdings alongside institutions.