🎯 Overview

Bitcoin reached a new all-time high at $111.8k before pulling back to $103.2k.

This surge was largely spot-driven, with accumulation clusters at:

🔹 $81–85k

🔹 $93–96k

🔹 $102–104k

These zones are now key supports for the coming days.

🔴 Sell Pressure from Old Hands

The CBD Heatmap shows that former accumulation zones have turned into active selling areas.

Sellers from the $25k–31k and $60k–73k ranges are realizing gains, creating significant supply pressure.

Older investors who held through cycles are now cashing out.

📊 Support & Resistance Levels

$103.7k (primary support)

$95.6k (secondary support)

$97.1k (recent buyer average)

$114.8k (resistance)

$83.2k (downside risk)

Holding or breaking these levels will set the tone for the next move.

💡 Profit-Taking Surge

Realized profits reached $1.47B/day last week, marking the fifth time over $1B/day in this cycle.

Long-term holders (>12 months) are the main drivers, indicating a typical distribution phase.

📉 Market Maturity

Unlike past cycles, the intensity of profit-taking has become more measured, reflecting a maturing market.

Older long-term holders now dominate the selling, signaling that this may be a local top, not the start of a new leg up.

⚠️ Key Takeaway

Critical support at $103.7k and $95.6k will decide the next direction:

✅ Holding above = continued consolidation and accumulation

🔻 Falling below = deeper correction risk

Resistance at $114.8k remains a key test for any new rally.

Rising sell pressure from seasoned investors suggests a local top is forming rather than a fresh surge.

✨ In Short:

Bitcoin is at a crossroads. After a strong rally, the market faces older investors cashing out and signs of exhaustion.

Holding key support will be crucial for future moves—otherwise, expect a deeper pullback before new highs! 🚀💎