📉Bitcoin -1.88% After Reaching $123,000 — Market Cools Down Due to Profit-Taking and Regulatory Uncertainty

🧠 What's Happening:
– After the price increase of 12.75% in December, traders are taking profits.
– 128 million dollars liquidated BTC ( +86% in 24 hours ) has triggered a sell-off
– The #GOD OF WEALTH This law has created instability — the story of the dollar backed by gold → shifted to stable cryptocurrency
🔍 Deep Dive:
BTC decreased from 123,091 to 118,082 (-4.1%). This local high corresponds to the Fibonacci extension level of 78.6% at 129,839 — in which 44,000$BTC was sold at a loss.
📊 Technical Information:
– RSI cools down to 65.65 → buying pressure decreases.
– The MACD chart turns negative → confirms the downward trend.
– Major support at 117.237 — breaking below here opens the way to 110.689.
📈 The Derivatives:
– The open interest rate is at 795B (+6.7% 24h)
– Leverage remains high — funding rate +0.011%, the risk of mass liquidation still exists.
💡 ETF capital inflows slow down: only increasing by 2.3% in 7 days compared to an increase of 8.9% in 30 days — the momentum of institutions is weakening.
🧭 This could be a healthy correction in the broader uptrend. However, excessive leverage and regulatory changes will further increase the fragility.
👉 Can the buyers defend the area of 117,000 and move towards the level of 130,000?