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📉$BTC -0.86% daily | -3.6% weekly
Bitcoin under pressure: technical rejection, whale activity, and macroeconomic risks deepen the decline.
🔻 1. Technical Rejection
Failed to break through the $123,000 level - price dropped below the 7-day simple moving average ($114,600). The MACD indicator has shifted to a bearish trend. The main support level is now at $113,400.
🐋 2. Whale Activity
Inactive wallets moved 330 Bitcoin ($39 million) plus a single transaction of 20,000 Bitcoin ($2.18 billion) across Galaxy. No sales have been confirmed yet, but market sentiment is cautious.
💥 3. Liquidation
$81 million was wiped out from long positions - accelerating the drop.
🌐 4. Macroeconomic Pressure
The US dollar index rose by 3% in 6 days. New US tariffs strengthen the dollar and reduce risk appetite. The premium for #BTC futures contracts has dropped to 7% (from 35% in May).
📊 5. MVRV Ratio
MVRV > 3.5: Indicates a high level of local risk - most investors are profitable.
MVRV <span#Bitcoin after a growth of +103% over the year. While institutions continue to accumulate their managed assets from exchange-traded funds (ETFs) worth $148 billion, short-term traders are looking for a rebound to $116,000.