📉 Why Bitcoin is down today
1. Technical Pullback & Weak Indicators
It slid from a high of around $106,524 to a low of about $102,345 during today’s session .
On-chain indicators like MACD and RSI are tracking toward bearish territory, while Stochastic RSI is already deeply oversold—signaling a possible exhaustion in selling but no clear reversal yet .
2. Decline in Institutional Flow
Bitcoin ETF inflows are drying up: today's inflow was just $6.4 million, marking the lowest level this month .
Some ETFs seeing outflows, especially from Grayscale GBTC and Fidelity FBTC, suggest institutions are cautious and pulling back .
3. Macro Backdrop: Rising Rates & Market Volatility
Recent U.S. inflation data dashed hopes for a Fed rate cut, reducing enthusiasm for risk assets like crypto .
Broader equity markets are also down, signaling economic anxiety and pressuring Bitcoin .
4. Liquidations and Profit-Taking
Long positions have triggered profit-taking and some forced liquidations, leading to downward price pressure .
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📅 What to Watch Next
June 22, 2025 is looking like a key pivot point — technical models are forecasting volatile movement around this date, and a break either above the $104–106 K zone or below $99–100 K could set the next trend direction .
Support & Resistance Zones to monitor:
Support: $102 K region today; breaks below could open the door to deeper downside near $99–100 K.
Resistance: $104–106 K band—holding below indicates trend remains cautious.
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🧭 Bottom Line
Bitcoin is correcting after recent highs, driven by technical sell signals, cooling institutional demand, macroeconomic uncertainty, and profit-taking. Near-term movement hinges largely on:
Whether institutional flows reappear
The macro outlook for U.S. interest rates
Price action around $100K psychological barrier and the upcoming June 22 volatility window#USNationalDebt #bitcoin $BTC
