Bitcoin (BTC) dipped below $104,000 after a 4% drop but quickly staged a minor rebound. Analysts from Santiment noted that retail investor sentiment has turned sharply bearish, marking its lowest point since April when fears arose from President Trump's tariffs. Despite the price decline, BTC has remained range-bound between $100,000 and $110,000, with significant accumulation from large investors (whales). The market volatility stems from uncertain macroeconomic conditions and geopolitical tensions. A notable drop in open interest on Binance reflects continued deleveraging among derivatives traders. In the past, similar retail pessimism has often preceded price recoveries, suggesting a possible impending rebound. Technical analysis showed a price range of $106,552.98 to $102,411.01, establishing support near $103,500 and forming resistance around $106,000 during a volatile session.

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