Following a recent retest at 100,000 USD, Bitcoin’s price has rebounded to 104,900 USD. Long-term holders are liquidating their positions, resulting in a negative net position change of 14,200 BTC. The market currently lacks strong upward catalysts, increasing the risk of correction.
The 30-day volatility index has dropped below 1, showing low market activity. If BTC cannot maintain support at 100,413 USD, it may drop to approximately 97,000 USD. Meanwhile, trading between 104,000 USD and 107,000 USD appears likely, given the moderate selling by long-term holders.
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