📌Market Dynamics✅
👉• Bitcoin trades at $113,914, consolidating after a 7.5% drop from its $123K all-time high
• Price action confined between $112K-$115K with significant volume spike to $181B
• Fear & Greed Index at 60 (Greed), despite substantial outflows of -559.94 BTC
Driving Catalysts
• Regulatory developments creating mixed impact: GENIUS Act and "Project Crypto" provide legitimacy but caused initial volatility
• On-chain data reveals strategic accumulation between $109K-$116K
• Miners increasing holdings despite market correction, signaling long-term confidence
Trading Strategy Considerations
• Critical support at $112K aligns with 50-day moving average and accumulation zone
• Resistance at $118K remains key hurdle; breakthrough could reactivate path toward Fundstrat's $250K projection
• Regional price disparities (particularly in Asia) creating tactical opportunities
• Long-short ratio remains bullish at 66%, contrasting with actual outflows
Community sentiment stays resilient with 70.8% of posts expressing optimism, focusing on technical indicators and institutional adoption potential despite the correction.