$BTC

BTCUSDT

Perp

86,532.9

+0.42%

BTC 24H Change 1.57%

Bitcoin has experienced mixed signals, with short-term bullish momentum tempered by significant macroeconomic and institutional selling pressures. Here's why:

1. Macro: BOJ rate hike fears and institutional outflows are weighing on market sentiment.

2. Technicals: Short-term indicators show bullish momentum, but price remains below long-term averages.

3. Adoption: Institutional adoption and network growth suggest potential for future price appreciation.