$BTC Bitcoin (BTC): Selling Pressure Continues – Is More Downside Ahead?
Bitcoin is still showing bearish momentum after losing around 21% over the past 30 trading days.
One development worth watching is MARA's sale of 13,597 BTC for approximately $1.1 billion. This added significant supply to the market, although the company used $750 million to repay its Bitcoin-backed loans.
Large-order net flows are also negative at approximately $135.5 million, suggesting selling pressure remains a concern.
🔹 Short-term support: $62,000–$62,500
🔹 Short-term resistance: $67,000–$67,500
If BTC loses support, further downside could follow. However, a strong recovery above resistance may indicate that buyers are returning.
Personally, I would wait for confirmation rather than rush into a decision.
Do you think Bitcoin can recover, or will sellers remain in control?
Educational content only. Not financial advice. Always manage your risk.
#CryptoSelloffTriggersMultipleWhaleLiquidations #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months #WillFOMCMinutesReinforceRateHikeExpectations? #BitcoinActiveSupplyInProfitDropsBelow45% #KavaSaysAbnormalActivityLimitedToKavaLend
Bitcoin is still showing bearish momentum after losing around 21% over the past 30 trading days.
One development worth watching is MARA's sale of 13,597 BTC for approximately $1.1 billion. This added significant supply to the market, although the company used $750 million to repay its Bitcoin-backed loans.
Large-order net flows are also negative at approximately $135.5 million, suggesting selling pressure remains a concern.
🔹 Short-term support: $62,000–$62,500
🔹 Short-term resistance: $67,000–$67,500
If BTC loses support, further downside could follow. However, a strong recovery above resistance may indicate that buyers are returning.
Personally, I would wait for confirmation rather than rush into a decision.
Do you think Bitcoin can recover, or will sellers remain in control?
Educational content only. Not financial advice. Always manage your risk.
#CryptoSelloffTriggersMultipleWhaleLiquidations #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months #WillFOMCMinutesReinforceRateHikeExpectations? #BitcoinActiveSupplyInProfitDropsBelow45% #KavaSaysAbnormalActivityLimitedToKavaLend
