$BTC
The current Bitcoin (BTC) market condition is bearish, with the cryptocurrency trading below $96,000. Here's a breakdown of the current market situation:
- *Current Price*: Bitcoin is trading at around $95,710.18, with a 0.48% decrease in the last 24 hours and a 10.02% decline in the past week.
- *Market Cap*: The market capitalization of Bitcoin stands at approximately $1.91 trillion.
- *Trading Volume*: The 24-hour trading volume is around $77.44 billion.
- *Support and Resistance*: Key support levels are at $94,500 and $95,000, while resistance is at $98,000.
*Factors Influencing the Market*
- *Institutional Flows*: Spot Bitcoin ETFs have seen significant outflows, reducing buying pressure and potentially accelerating price declines.
- *Macro Factors*: Higher yields, inflation, and interest-rate expectations are increasing volatility in crypto markets.
- *Sentiment*: The Fear & Greed Index indicates "extreme panic" among traders, which could signal a potential accumulation bottom.
*Price Predictions and Outlook*
- *Short-term*: The near-term outlook is uncertain, with potential price movements influenced by ETF inflows and outflows, macroeconomic announcements, and supply signals.
- *Medium-term*: Despite short-term volatility, long-term fundamentals remain positive due to limited supply, institutional adoption, and expanding ETF exposure. Some analysts predict a rebound toward $110,000 or higher.
*Key Statistics*
- *Circulating Supply*: 19.95 million BTC
- *Total Supply*: 21 million BTC
- *All-time High*: $126,198.07 (October 6, 2025)
- *52-week Low*: $74,530
- *52-week High*: $126,025
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