$BTC 📉 Bitcoin Today: Consolidation or Breakdown Ahead?
Bitcoin ($BTC) is trading at $107,733, down 1.19% over the last 24 hours. While many saw the $110K breakout as the start of a new leg up, recent data paints a more cautious picture.
🔍 Key Insights:
• 🐋 Whales taking profit: Wallets holding over 10,000 BTC have started to distribute holdings — a potential signal of short-term top formation.
• 🛑 Support at risk: The $106K level is acting as a key support zone. If it breaks, price could dip toward $96K.
• ⏰ Options expiry incoming: A massive $10B in BTC options will expire this Friday, likely increasing short-term volatility.
💡 The Bigger Picture:
Despite the correction, Bitcoin continues to outperform traditional markets. ETF inflows remain strong, totaling $432.7M just yesterday. However, macro uncertainty and whale activity suggest traders should remain cautious.
🧠 Question for you:
Is this a healthy consolidation before the next move — or is smart money exiting early?
Drop your thoughts 👇
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