📉 Core Bearish Signals
- Macro liquidity pressure: The Fed's latest dot plot indicates only one rate cut possible this year, hawkish expectations are pushing up the US dollar and US Treasury yields, suppressing valuations of risk assets.
- Fund outflows and selling pressure: On-chain data shows senior long-term whales have collectively sold over 1,650 BTC (worth approximately $117 million) recently; major mining enterprises have accumulated sales exceeding 15,000 BTC due to negative mining profitability and AI transformation, adding short-term selling pressure[16].
- Technical breakdown risk:
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