Can Bitcoin Hold On? $100,000 on the Brink, Whales Holding Strong While Retail Investors Watch Coldly!

Bitcoin has been stagnant for six consecutive days, with buying pressure clearly weakening above $104,000, and the market is starting to feel tense: Can the $100,000 threshold hold?

In the past week, Bitcoin's dominance in the market has plummeted from 65% to less than 7%, with altcoins aggressively attracting capital, and bullish momentum has instantly fizzled out. Meanwhile, institutional buying has sharply decreased, with a net outflow of over $86 million this week, intensifying bearish expectations.

However, whales are still holding strong, net buying over $30 million in just 24 hours. The reason Bitcoin hasn't dipped below $100,000 yet is thanks to these 'deep-sea players' supporting the market.

On the other side of the market, retail investor enthusiasm has cooled, especially in the Asian market, causing whales to be reluctant to sell off, naturally opting to continue supporting the market without buyers.

Currently, the market trend is stuck, with intense tug-of-war between bulls and bears. The inflow and outflow of capital are basically balanced, indicating an unclear direction, and investor sentiment is wavering.

But as the broader environment recovers, if whales continue to increase their positions, the market may reactivate, igniting FOMO sentiment and bringing retail investors back in like a tide. But don’t forget—markets never follow the script, and any unexpected event could trigger a crash!

The next moment of explosion or ascension could be right when you hesitate!