Bitcoin is struggling to surpass the 105,000 USD mark, influenced by macroeconomic headwinds. Investor confidence, buoyed by institutional inflows, is reflected in the strong support at 100,000 USD.
The demand for leveraged long positions is declining, indicating a cautious market outlook. This shift correlates with Bitcoin’s close performance ties to the stock market, as shown by recent movements in the S&P 500.
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