🔴 Bitcoin is facing a fresh wave of selling pressure $BTC is trading near $64,200 after failing to break above $65,000. Exchange balances are rising, miners are selling, ETF flows have turned negative, and U.S. demand still looks weak. Not exactly the setup bulls wanted to see. So what’s putting pressure on BTC? ◾ More Bitcoin is sitting on exchanges. Balances climbed to around 2.737M BTC, meaning more supply is potentially available to sell. At the same time, a large amount of BTC was accumulated around $61K-$64K, which could create extra selling as price moves higher. ◾ Miners and Strategy are reducing holdings. Miner reserves dropped toward 1.916M BTC, while Strategy’s holdings fell from roughly 844K to 840K BTC. Both add to the broader picture of supply coming back into the market. ◾ Institutional demand is cooling. $BTC ETF flows moved from +12.1K BTC to -6.19K BTC, while the Coinbase Premium remains negative - a sign that U.S. buyers still aren’t stepping in aggressively. Technically, Bitcoin is still trapped below the $66K-$66.8K resistance zone. A clean breakout above $66.8K could reopen the path toward $68K-$70K. But if $62K fails, the next obvious level is around $60K. $62,000 is the level to watch. Hold it, and BTC still has a chance to rebuild momentum. Lose it while selling pressure keeps rising - and this pullback could have another leg left. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#