Bitcoin Under Pressure: Bulls Weaken as Price Struggles Above $107K

Bitcoin’s price remains under pressure, with the Futures Flow Index signaling weak buyer strength. The market is struggling to regain momentum following recent attempts, and long-term holders have sold off approximately 337,300 BTC in the past month, suggesting caution around current prices. 30-day BTC fair value remains below its $112,100 level, indicating weak futures activity and declining demand. Bitcoin is now testing crucial support between $105K and $107K after a brief rebound above the 200-day MA and EMA. Binance’s Bitcoin netflow turned negative at -315.2 BTC, suggesting self-custody and potential accumulation despite market uncertainty. A breakout above $107K–$108K could trigger a short-term bounce, while a drop below this level may further expose the asset to deeper correction levels.