In the past few days, BTC has been under selling pressure and continues its downward trend after reaching a high of $109,000, finding support at the level of $101,000. Although the cryptocurrency has found another support at the level of $96,500, its attack on the level of $99,000 is weak in the upward movement. BTC is still below the psychological level of $100,000, which makes investors cautious. The tariff crisis triggered by global markets last week has also had a negative impact on the encryption market, and the reduced risk appetite of investors has supported the downward trend. In this process, although the BTC market is more stable, the rapid exit of altcoins from the market is also worth noting. On the other hand, long-term investors who withdraw assets from central exchanges have reduced the selling pressure on the BTC market. According to Glassnode's data, 170,000 BTC were withdrawn from central exchanges on the previous day. This is one of the largest stock market outflows since April 2024. Such large-scale outflows usually indicate that BTC has been accumulated by long-term investors and the future price is expected to rise. The recent bearish trend of BTC has led the cryptocurrency to the lower band of the short-term rise channel.