#Bitcoin Price Fluctuation Bitcoin is stuck in a range-bound fluctuation, recently oscillating between $124,000 and $120,000. On the macro side, the Fed's interest rate cut pace is wavering, and U.S. treasury yield fluctuations are disturbing risk appetite; on the micro side, Spot ETF fund inflows are slowing down, and some profitable positions are being liquidated, intensifying the Bull vs Bear Battle. Technically, Overbought pullback and anti-inflation demand are intertwined, making it difficult to break the deadlock in the short term. The market is waiting for policy signals or incremental funds to get on board, indicating the next wave direction.