Despite retail traders consistently buying Bitcoin dips, the cryptocurrency remains in a downtrend due to ongoing net selling from larger investors. Data indicates that while retail traders have been active in the spot and futures markets, larger institutional traders are contributing to selling pressure, preventing a solid price recovery. Bitcoin has shown a slight increase from its recent low of $108,665 but continues to struggle with a lack of robust buying interest from significant market players. Analyses reveal that, although retail participants see the recent price levels as attractive for investment, significant obstacles persist from larger order sell-offs. Additionally, the current sentiment does not align favorably with cumulative volume data, complicating the recovery effort. Analysts suggest that while the prospect of Bitcoin dropping to $105,000 seems less likely, traders should remain vigilant to monitor changes in volume and sentiment to assess potential price movement toward $118,000. Current liquidation data indicates clusters of bids around $111,000 to $110,000, implicating that while a major breakdown is not imminent, sell pressure from larger entities continues to loom over the market.

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