Bitcoin is showing renewed fragility as price struggles to reclaim the $110,000 level, putting bulls on the defensive and exposing the market to further downside risk. Selling pressure has been building across the market, and BTC now finds itself probing lower demand zones as traders reassess positioning after recent volatility. While the macro backdrop remains broadly supportive, near-term sentiment has shifted toward caution as liquidity thins and speculative flows recede.

A key dynamic shaping this cycle is the absence of retail participation. According to top analyst Darkfost, retail investor activity — measured through small holder inflows to Binance — has fallen sharply. Since early 2023, just after the bear market ended, the 90-day moving average of shrimp inflows has dropped from

See Full Page