“Crypto Night of Terror!” Bitcoin is hovering at a high level, the $100,000 threshold is on shaky ground!

Bitcoin has been stagnant for 6 consecutive days, and the market is starting to get nervous: what if it can't hold $100,000?

Just last week, BTC was thriving and broke through $100,000, but now the upward momentum has suddenly halted. The most obvious signal is: the funds are losing interest. Bitcoin's market dominance has plummeted from 65% within a week, and funds are quietly flowing into altcoins, causing the main character's halo to fade.

Even more concerning is that institutional buying has also slowed down. This week, over $86 million related to ETFs has flowed out, indicating that large holders are becoming cautious, with some choosing to “take profits first.” As market conditions change, FOMO quickly turns into “don’t trap me again.”

However, not all big players have withdrawn. Whales are actually increasing their positions in secret, injecting another $30 million in spot funds in the past 24 hours. They seem to be steadfastly holding BTC to keep the price above $100,000.

Why? Because if retail investors don’t buy, they can’t sell! Data from the South Korean market shows that retail investors have been unusually quiet lately, while whales usually sell when retail investors are frantic. Currently, there are no buyers stepping in, so naturally, no one is in a hurry to cash out.

At present, Bitcoin's price movement is in a tense state. Bulls want to break new highs, while bears are eyeing a correction, and the market is caught in a tug-of-war. Trading data is almost flat, indicating that everyone is waiting and watching.

But don’t forget, BTC’s strong rebound is not without basis—macroeconomic conditions are warming up, and risk assets are recovering as a whole, with Bitcoin regaining its vitality.

The key focus moving forward is: can the whales maintain their footing, and will retail investors rush back into the market again? If FOMO sentiment erupts once more, Bitcoin could once again soar to new highs. But if funds do not flow back in soon, we really need to be cautious about losing the $100,000 defense battle.

In the crypto world, one second paradise, the next second hell. Right now, Bitcoin is standing on that dividing line.