📉$BTC -0.86% Daily | -3.6% Weekly

Bitcoin is under pressure: technical rejection, whale activity, and macro risks deepen the pullback.
🔻 1. Reject technical
Unable to exceed the threshold of 123,000 dollars — the price has dropped below the 7-day SMA ( 114,600 dollars ). MACD has shifted to a downward trend. The current important support level is 113,400 dollars.
🐋 2. Whale Activities
Inactive wallets have transferred 330 BTC ( worth 39 million dollars ) + a transaction of 20,000 BTC ( worth 2.18 billion dollars ) through Galaxy. No sell-off information has been confirmed yet, but market sentiment is becoming cautious.
💥 3. Liquidation
81 million dollars in long positions have been wiped out - accelerating the price decline.
🌐 4. Macroeconomic Pressure
DXY increased by 3% in 6 days. New tariffs from the United States boosted the dollar and reduced risk appetite. #BTC futures premium decreased to 7% ( from 35% in May ).
📊 5. MVRV Ratio
MVRV > 3.5: Indicates the highest local risk — most investors are in profit.
MVRV < 1: Strongly oversold — historically this is a good buying zone.
📌 In summary:
#Bitcoin has decreased again after a +103% growth this year. While institutions continue to accumulate (ETF AUM of $148 billion ), short-term traders are targeting a recovery level of $116,000.