103,000 USD, holding it means it's the bottom, failing to hold means it's a pit? The critical decision moment for BTC has arrived!

Bitcoin is currently teetering on the edge—105,000 is both support and resistance, while 103,000 is the lifeline. In just a few days, ETF net inflows, institutional accumulation, liquidation waves, and technical consolidations have all played out, with both bulls and bears exploding, making the trend increasingly dangerous and crucial.

BlackRock (Blackstone) has taken over with 239 million USD, Bitcoin has surpassed 105,000, but the trading volume after the rise has not increased much; instead, liquidations have begun to rise. Data shows that if it drops below 103,377 USD again, highly leveraged bulls will face a heavy blow, and long positions will face cascading liquidations at the 50 million level.

Meanwhile, **IBIT holdings have soared past 666,000 BTC, daily ETF trading has exceeded 2.2 billion USD, and whales and institutions continue to buy.** These “high-net-worth chips” have an average entry price still around 64,000 USD, and they are now continuing to buy in a floating profit state, which clearly indicates a long-term perspective.

MACD has crossed dead, RSI is declining, and the bearish signals are indeed strong, but it hasn't reached a complete collapse. Conversely, the more people wait for a drop, the less likely it is to fall.

The current market resembles the “shakeout” during the mid-stage of a bull market—emotions have cooled, and the chips have stabilized; when the market is scared, it may actually take off.

The lifeline is above 103,000, will you choose to run away or grit your teeth and hold on?

Let's discuss your choice in the comments: are you a bottom-fishing type or a retreating type?