In the past few days, BTC has been under selling pressure. After the peak of $109,000, it found support at the $101,000 level, continuing the downward trend. Although Crypto Assets currently found another support at the $96,500 level, the attack on the $99,000 level is weak in the upward movement. BTC is still below the psychological level of $100,000, making investors cautious. The tariff crisis triggered by the global market last week has also had a negative impact on the encryption market, reducing investors' risk appetite and supporting the downward trend. In this process, although the BTC market is more stable, the rapid exit from the altcoin market is also noteworthy. On the other hand, the long-term investors withdrawing assets from the central exchange have reduced the selling pressure in the BTC market. According to Glassnode's data, 170,000 BTC were withdrawn from the central exchange the previous day. This is recorded as one of the largest stock market outflows since April 2024. Such massive outflows usually indicate that BTC has been accumulated by long-term investors, and the future price is expected to rise. The recent bearish trend of BTC has led Crypto Assets to the lower band of the short-term rise channel.

BTC0,33%
ETH0,58%
MAGA0,74%
DOGE0,47%
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