BTC is now in a bit of an awkward situation. It has fallen from $126k to where it is now, with two important support levels ($106.4k and $99k) being penetrated. Institutional investors are pulling out aggressively, and the ETF saw a record second-largest net outflow of $1.2B last week.
According to the price channel formed by on-chain activities, the next key positions are: $93k (first line of defense) → $85k (if it continues to fall) → $79k (this one is relatively stable).
The most heartbreaking thing is that in previous years, BTC always peaked around the halving, but this time it broke the
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