Bitcoin has seen a notable price decline in the last 24 hours, currently trading at 97,569.14 USD, reflecting strong bearish momentum. Let's delve into the details.
1. Technical Downtrend: Bitcoin is experiencing a strong bearish trend, marked by declining EMAs and increasing negative MACD momentum.
2. Selling Pressure: Significant money outflows and substantial ETF redemptions indicate continued selling pressure, despite recent whale accumulation.
3. Macroeconomic Crossroads: While traditional market uncertainty and central bank adoption offer potential tailwinds, the token faces headwinds f