📉 Bought the Dip? These Metrics Say $112K BTC Was Local Bottom

Bitcoin dropped from ~$118,000 to ~$111,500, but multiple indicators suggest this may mark a local bottom. Key takeaways:

Positive Coinbase Premium Index shows strong US retail demand — even as BTC slid around 4%.

Institutional demand remains solid: ~$977M flowed into BTC investment products in one week.

Spot Bitcoin ETFs & treasury firms are accumulating aggressively.

Sell-side pressure from shorts is present, but the downside risk from liquidations seems to be diminishing.

🔮 Bottom line: ~$112,000 may act as a strong support zone — making further major drops less probable, barring large external shocks.

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