$BTC
Bitcoin is at risk of a sharp drop above 106,430 USDT, a level where a strong concentration of sell orders seems to have accumulated. Several recent data from the blockchain reveal that large institutional companies, having accumulated BTC at lower levels, have started to liquidate a significant portion of their holdings. These massive sell-offs, identified by outbound flows from corporate wallets to exchanges, suggest a strategic profit-taking, often indicative of a local peak. This institutional behavior, combined with limited liquidity above this threshold, could trigger a strong bullish wick followed by a violent rejection, trapping buyers in a breakout. The market could then initiate a rapid correction, amplified by cascading liquidations and a short-term loss of confidence.
