Bitcoin selling pressure is mounting, analyst warns of $54,000 if key support breaks

Bitcoin’s biggest "believers" are cashing out. Miners, ETFs, and even MicroStrategy have offloaded over $700 million in BTC, while $1.59 billion in supply just hit exchanges. With US institutional demand turning negative, the $61,849 support is the only thing preventing a collapse to $48,300. The "HODL" narrative is failing as the market’s largest players exit their positions. Is the dream of a new all-time high dead, or is this just a massive trap? What’s your take?
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