Bitcoin's gains are limited ahead of resistance levels, but uncertainty persists amid the absence of institutional investors.

A slight rebound from the previous day, continuing attempts to break through 170 million won.
Institutional trading volume in the futures market declines… Individuals drive supply and demand instability.
Tether dominance remains at a critical level, with Infinite showing short-term strength.

Bitcoin (BTC) continued its gradual recovery following the sharp decline on the 10th, showing limited gains on the 16th. After regaining its rebound on the 13th, the price fluctuated around the intermediate support zone, and a power struggle between buyers and sellers continued in the short-term directionality exploration phase.

In the futures market, liquidity is weakening as institutional inflows decline and trading remains dominated by individual investors. Furthermore, Tether Dominance (USDT.D) is showing signs of further upward movement, fueling investor sentiment. Analysts predict that a short-term trend reversal will require more time due to increased risk aversion.

As of 4:00 PM on Upbit, the Bitcoin price closed at 168,958,000 won, up 0.25% from the previous day. Growing uncertainty in traditional financial markets has fueled a preference for safe-haven assets, leading to an influx of buying. However, the price has failed to break through the strong resistance level around 170 million won.

The altcoin market showed mixed sentiment. Ethereum (ETH) rose 0.74% to 6,106,000 won, but the rebound was limited. XRP remained flat at 3,672 won, while Solana (SOL) fell 0.34% to 294,300 won. Dogecoin (DOGE) rose slightly to 300 won, demonstrating a defensive stance in the bear market.

The stock that showed notable strength in the market that day was Metadium (META). Metadium continued its upward trend from the previous day, attracting investor attention.

◇Bitcoin = As of 4:00 PM on the 16th, the Bitcoin price on Upbit was 168,958,000 won. Bitcoin's market share (dominance) stood at 57.22%.

According to the on-chain analysis platform Sigbit, the long (rising) ratio in the Bitcoin futures market was 66.90%, and the short (falling) ratio was 33.10%.

Crypto analyst Rekt Capital predicted that "BTC has now entered a mid-term convergence phase, and volatility is likely to continue accumulating until it breaks through the 170 million won mark."

◇Rising Coin = As of 4 PM on the 16th, based on Upbit data, the cryptocurrency with the largest increase compared to the previous trading day was Infinite (INFI), rising by approximately 15.45%.

Infinite is a Web3-based data infrastructure project, and recent network expansion issues and increased transaction volume have been factors in its growth.

◇Fear-Greed Index = The digital asset fear-greed index provided by Alternative is maintaining the "Fear" level at 28 points. The fear level (20-39) is a period of high cryptocurrency price volatility and trading volume, leading to price declines. The possibility of a short-term low is high, so caution is advised when making purchases.

The cryptocurrency Relative Strength Index (RSI), provided by Sigbit, recorded a "neutral bearish" reading of 41.4. The RSI measures the relative strength of upward and downward pressure on a specific asset's price, indicating overbought and oversold levels.

Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr