$BTC is showing weakness below $103.5K. If it can’t recove | Vergie Orandello hC8r on Binance Square

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Vergie Orandello hC8r

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$BTC   is showing weakness below $103.5K. If it can’t recover soon, more downside is likely. Watch closely for bounce or breakdown! Target Points (TP):
TP1: $102,000
TP2: $100,500
TP3: $98,800
 Brace for impact  market is under pressure. Stay smart, trade light, and let the trend guide you. 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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Explore my portfolio mix. Follow to see how I invest!BTC network activity shows declining transaction counts while average transaction size has hit $36,200. Transactions exceeding $100,000 now dominate 89% of the total network volume compared to 66% in 2022. Smaller transactions under $100,000 dropped from 34% to just 11% of total transfer volume. Fee pressure remains historically low at $558,000 daily, despite $BTC trading near its $111,700 all-time high.

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BTC network activity shows declining transaction counts while average transaction size has hit $36,200. Transactions exceeding $100,000 now dominate 89% of the total network volume compared to 66% in 2022. Smaller transactions under $100,000 dropped from 34% to just 11% of total transfer volume. Fee pressure remains historically low at $558,000 daily, despite $BTC trading near its $111,700 all-time high.

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$BTC Abraxas Capital Mgmt latest HYPE platform contract position exposure: total short position exceeds $733 million, floating profit of $56.67 million. On-chain data shows that Abraxas Capital Mgmt currently has a total contract position of approximately $733 million on the HYPE platform, all of which is in the short direction, with BTC short position: $341 million, being the largest position.

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