$BTC

• Bitcoin trades at $113,659, down 8.69% from its all-time high (ATH) of $124,474, and is currently testing the critical support area between $113,000 and $113,500. • A major resistance has formed at $120,700 with decreasing trading volumes indicating typical accumulation behavior. • Technical indicators show a bearish bias: the Relative Strength Index (RSI) is negative (at 75% accuracy) and the MACD is bearish (at 57.14% accuracy). Capital flow dynamics • Net outflows have been observed with increased selling pressure related to exchange-traded funds (ETFs), leading to greater market volatility. • A clear regional imbalance: Asia (+799.23) shows strength, while Europe (-1472.47) and America (-2641.25) face significant selling. • A concerning volume pattern where sell-offs (203 BTC) exceed purchases (136 BTC), although the buy-to-sell ratio remains positive at 72.44%.