📉 $BTC dropped 1.57% in the past 24 hours to $108,784, extending its weekly decline to 10.7%. The main drivers: aggressive whale shorts, miner selling, and global market volatility.

🐋 Whales and Miners Dumping

A whale linked to Trump’s team opened $127M in BTC$BTC shorts ahead of his new economic statements.

Meanwhile, miners have sent 51,000 BTC ($5.5B) to exchanges since October 9 — the largest selling wave of the year.

📊 Technical Breakdown

#BTC broke below key support at $107K–$110K, now turned resistance.

RSI sits at 37 — oversold zone, but no reversal signals yet.

If price consolidates below $107K, the next target is $ 100K

🌍 Macro Risk and Volatility

Rising fear across stock and gold markets triggered a risk-off wave.

BTC’s 30-day volatility hit 50%, while the VIX jumped 22%. Investors are rotating back into gold — now at $ 4,380/oz.

⚖ Combined selling from miners, whales, and macro pressure deepened BTC’s decline.

Technically, #Bitcoin is oversold — but without ETF inflows, a rally is unlikely.

🎯 Watch next: Can Bitcoin hold $107K, and will ETFs reverse their 7-day outflows ($813M)?

$BTC