Bitcoin (BTC) is facing headwinds despite its impressive price rally, primarily due to waning sentiment among individual investors. According to CryptoQuant data reported by Coin Telegraph, Binance's spot market net buy volume has turned negative, signaling bearish sentiment even as BTC approaches its all-time high. The Coinbase Premium Index, a gauge of U.S. investor sentiment, remains stagnant in July, while the Korean Premium Index has dipped into negative territory. This indicates persistent selling pressure and a cautious "wait-and-see" approach from U.S. and Korean investors, key demographics in the crypto market. Despite the tepid retail interest, analysts remain cautiously optimistic. The fact that BTC is holding the $110,000-$115,000 level is considered a positive sign. A sustained price within this range, coupled with increased liquidity between $112,000 and $115,200, could trigger the next upward surge, potentially attracting more individual investors back into the market. ```

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