$BTC today‼️

According to a variety of metrics, exchange trading volumes continue to fall and retail trading remains indecisive.

Despite the fact that the price of Bitcoin is close to all-time highs, exchange trading volumes remain at multi-year lows, indicating low interest in trading.

The low volume reported is likely due to the larger share of spot ETFs in total Bitcoin trading volume, but at the same time, a significant portion is still due to low interest in altcoins.

Thus, the current Bitcoin structure is formed more by conscious allocators than by inexperienced speculators, which does not coincide with periods of euphoria or high demand for cryptocurrencies and Bitcoin.

It is important to track these peaks of activity, since when the market begins to feel the return of this retail demand, the price will likely be close to a new local peak.

We can observe the indicated market weakness in response to geopolitical challenges, the price is falling, despite daily news about the purchase of Bitcoins by large companies (for example: Fold Holdings starts buying BTC on its balance, British company TAO Alpha PLC starts buying BTC on its balance, etc.).

Now the Bitcoin price has again reached the conditional support line at $103,510, absorbing the results of the previous growth to $109,000.

Bearish target:

TG1: $101,450

Bullish target (rebound):

TG1: $106,800.

Profit to all💰💪