BTC faces downward pressure from macro factors, Strategy selling

Bitcoin is facing strong downward pressure from several factors, according to a CryptoPotato analysis. These include: - Renewed geopolitical tensions between the U.S. and Iran - U.S. Federal Reserve discussions on freezing or raising interest rates - A series of sell-offs by Strategy - Outflows from spot Bitcoin ETFs - The Coinbase Premium Index experiencing its longest-ever negative streak The outlet added that although BTC rebounded by about $5,000 after hitting a low of around $58,000 on July 1, significant upward moves have been repeatedly rejected, keeping the asset under pressure.