American investor Steve Weiss has trimmed his Bitcoin (BTC) holdings once again, citing market uncertainty and range-bound price movement as key reasons for his decision. His latest profit-taking move comes as crypto markets struggle to find momentum amid macroeconomic volatility.

Weiss Sells Another 10% of His Bitcoin Position

Speaking on CNBC’s "Halftime Report," Weiss revealed that he reduced his Bitcoin exposure by an additional 10%, following a 20% sell-off last week. While the exact size of his Bitcoin position remains unclear, he previously referred to it as a “positive trade.”

His Bitcoin exposure is through BlackRock’s spot ETF, highlighting how institutional products are increasingly being used by major investors to manage crypto holdings.

Market Conditions Drive Cautious Trading

Weiss pointed to macroeconomic concerns, including:

• U.S. trade wars and tariffs under the Trump administration
• Regulatory uncertainty surrounding crypto in the U.S.
• Bitcoin’s prolonged consolidation within a set price range

He noted that Bitcoin remains a risk asset, stating:

"Bitcoin goes through these consolidation periods, and I think this could be one of them until we get specific laws and regulations from the new head of the SEC."

The U.S. Securities and Exchange Commission (SEC), under acting chair Mark Uyeda, has taken steps to clarify crypto regulations, launching a Crypto Task Force and overhauling its crypto crime-fighting unit. Additionally, the SEC has dropped litigation against Coinbase, OpenSea, and Robinhood, signaling a shift in regulatory stance.

Bitcoin Faces Key Technical Levels

Elsewhere in the crypto market, Bitcoin has dipped below $95,000, down nearly 2% in the past 24 hours, with the total crypto market cap dropping to $3.2 trillion.

According to Ryan Lee, chief analyst at Bitget Research, Bitcoin is currently trading near $96,000, with key price levels to watch this week:

• Resistance: $100,000
• Support: $94,000
• Projected range: $92,000 - $105,000

While short-term indicators suggest bullish momentum, long-term uncertainty continues to weigh on the market, creating mixed signals for investors.

Institutional Investors Take a Cautious Approach

Weiss’s continued reduction in Bitcoin exposure reflects a broader trend among institutional investors, who are reassessing their positions as regulatory clarity remains uncertain.

With new SEC policies, global macroeconomic shifts, and Bitcoin’s next major price move on the horizon, investors are watching for signs of a clear breakout from its current trading range.