$BTC The downtrend is still pressing hard and the supply wall above 106k is weighing on every bounce. I’m watching how price reacts because they’re clearly showing pressure from the top.

The key moment arrives if we reclaim around 111.9k which is the STH cost basis. If this level holds, momentum can finally breathe again. Until then, STH realized profit staying weak since June tells the whole story. No fresh inflows. No strong fuel.

This zone decides everything. It becomes the line between another fade or the start of real recovery.

I’m watching closely.