#Bitcoin is moving sideways — trapped between $106K–$110.5K — and traders are getting restless. Is this consolidation before a push higher, or distribution ahead of a deeper correction?

🔹 Price: ~$108.5K

🔹 Trend: Sideways

🔹 Volume: Dropping

🔹 Volatility: Compressing — expect expansion soon

🔍 Technical & On-Chain Notes

Funding Rates: Slightly positive — cautious optimism

Open Interest: Rising without price — leverage building

SOPR: Profit-taking active, but no major panic

Short-Term Holder Realized Price: Approaching spot — pressure point

🔐 Key Levels

Support: $106K–$105K

Resistance: $110.5K (local top), $114K (breakout zone)

Break below: Eyes on $100K liquidity

Break above: Path clears to new highs

ETF flows remain steady but slowing. With macro uncertainty and thin weekend liquidity, BTC is coiling — and when it unwinds, it won’t be gentle.

📌 Strategy: Stay patient. Let the range resolve. Don’t front-run volatility.