#Bitcoin
$BTC price ($112.9K) faces competing forces: institutional demand vs profit-taking risks.
Bullish Factors
- Corporations keep buying (MicroStrategy added 4,020 BTC in June)
- Exchange reserves at 6-year lows
- Regulatory progress with ETFs and CLARITY Act
Bearish Risks
- 90% of #BTC supply currently profitable
- Technical indicators show weakness
- Macro uncertainty from Fed decisions
Technical Levels
- Resistance at $115,194 (50% Fib)
- Support at $110,677 (78.6% Fib)
Market Sentiment
- Exchange reserves down to 15% of supply
- Whales accumulating
$ETH ($2.85B recently)
Can institutional demand overcome retail selling pressure?
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