Bitcoin is trading around critical demand levels after losing key support at $81,000, leading to bearish momentum across the market.
Despite the market decline, recent data from Glassnode shows an increase of 76 new entities holding over 1,000 BTC, suggesting rising institutional demand.
Bitcoin is currently trading around $76,000, with the broader market feeling the impact of geopolitical tensions and economic uncertainty.
Bitcoin faces challenges in reclaiming lost ground and sparking a recovery rally, while smart money continues to accumulate during this period of weakness.