Bitcoin threatens $107K next as yearly open becomes key BTC price floor

Bitcoin dropped back toward its lowest levels in several weeks after a rebound fizzled at $116,000, and an infamous whale stayed short BTC.

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💡 DMK Insight

Bitcoin's retreat toward its recent lows underscores the persistent volatility in the crypto market, particularly as influential players like whales maintain their bearish positions. This highlights the fragility of bullish momentum, suggesting that investor sentiment remains cautious amid macroeconomic uncertainties. As traders reassess their strategies, the market may face further pressure unless a strong catalyst emerges to reignite confidence.