#Bitcoin Update 🚨

BTC is holding around $116K after a wild run above $123K in July 📉➡️📈

🔹 Key Resistance: $116,900 — needs strong demand to break through.

🔹 Thin Liquidity Gap: Between $110K–$116K → could mean sharper swings ahead.

🔹 Support Zone: $106K cost basis for short-term holders still intact 🛡️

🔹 Investor Mood: STH profitability down to 70%, but no panic selling yet.

🔹 ETF Flows: Biggest outflow since April (1,500 BTC on Aug 5).

🔹 Futures Market: Funding rates cooling → leverage appetite down.

📊 Watch Levels:

✅ Break above $116.9K → bullish momentum may return.

⚠️ Fail & drift to $110K → more downside risk.

What’s your next move — buying the dip or waiting for confirmation? 🤔💹

#BTC #CryptoNews #trading #ETH4500Next? #BinanceAlphaAlert #CryptoIn401k