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Bitcoin Holds Critical Support as Market Awaits Next Big Move

Bitcoin is stabilizing near a major support zone after its recent decline, but the market still lacks enough momentum for a clear recovery. Traders remain cautious as institutional investors continue reducing exposure while corporate buyers keep accumulating aggressively.

Spot Bitcoin ETFs recorded another large outflow on Monday, with nearly $649 million leaving the market. This came after more than $1 billion was withdrawn the previous week, showing that institutional sentiment remains defensive amid geopolitical uncertainty and rising market volatility.

Meanwhile, corporate accumulation continues to provide support. Michael Saylor announced that Microstrategy purchased an additional 24,869 BTC, increasing its total holdings to 843,738 BTC. The firm’s average entry price now stands near $75,700, slightly below current trading levels.

The mixed flow between institutional selling and corporate buying reflects a market still waiting for a decisive trigger before making its next major move.

Iran Pushes Bitcoin Into Global Shipping Discussion

A fresh wave of attention also came from the Middle East after reports revealed that Iran launched “Hormuz Safe,” a Bitcoin-backed insurance program designed for vessels crossing the Strait of Hormuz.

The initiative reportedly aims to support Iranian shipping firms and cargo owners while generating significant revenue for the country. Coverage would begin immediately after confirmation, with ship owners receiving official proof of insurance.

The move follows Iran’s earlier proposal encouraging cryptocurrency payments for oil tanker transit fees. Due to ongoing US sanctions, the country has increasingly turned toward digital assets for international trade settlements and imports. Since legalizing crypto mining in 2019, Iran has steadily expanded Bitcoin’s role within its economy.

If adopted on a larger scale, this could become an important milestone for Bitcoin utility in real-world global trade. Considering that roughly 20% of global oil shipments move through the Strait of Hormuz, the development may strengthen long-term demand for BTC.

Whale Accumulation Continues

On-chain data also shows that large investors remain confident despite recent market weakness.

Wallets holding at least 100 BTC have continued rising over the past year, signaling ongoing accumulation from whales even during periods of heavy volatility.

Historically, increasing whale activity has often been viewed as a positive long-term signal, suggesting that major holders still expect higher valuations ahead.

BTC Technical Outlook

Technically, Bitcoin remains under short-term bearish pressure after losing momentum below the $80K–$82K resistance area.

The 4-hour chart continues to show lower highs and lower lows, confirming that sellers still control the current structure.

Important resistance levels remain:

$78.7K–$79.4K

$80.6K

$82K–$82.8K

On the downside, the first major support sits near $76K. A break below this area could trigger further downside toward:

$74.9K

$74K

$72K

For bulls to regain momentum, BTC must reclaim $78K and later break above $80.6K. Until then, the broader structure continues to favor cautious trading conditions and potential sell-on-rise setups.

$BTC
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