News: Bitcoin experienced a significant price drop today, falling over 10% from its recent highs to below $63,000, driven by a combination of weak economic data, a tech stock sell-off, and geopolitical tensions. While large holders showed accumulation in July, suggesting underlying bullishness, the immediate market sentiment is bearish due to macroeconomic uncertainties and political factors related to the upcoming US election. Mining company earnings also reflected challenges post-halving, adding to negative sentiment. However, the long-term outlook remains cautiously optimistic due to ongoing institutional adoption via ETFs and positive political engagement.

Market Probabilities: 
Bull 30% | Base 40% | Bear 30%

Recommendations: 
Short-term: SELL
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The consistent and significant inflows into spot Bitcoin ETFs, especially from major institutions li"}