🚨 Intro:

Bitcoin shocked the crypto market today by touching a new all-time high of $108,899 — only to suddenly reverse and drop sharply within hours.

So… what triggered the sell-off? Let’s break down the real reasons behind the flash correction — and what it means for traders next.

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🔍$BTC Hits ATH… Then Drops – Fast!

At 10:08 UTC, Bitcoin touched $108,899 on Binance. Minutes later, heavy selling pressure pulled the price back below $105,000, triggering liquidations across leveraged long positions.

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🧠 3 Key Reasons Behind Bitcoin’s Drop:

1. Whale Profit-Taking

Large wallets moved over $600M in BTC to exchanges within 30 minutes of the ATH — a clear sign of profit-booking at the top.

2. High Funding Rates

BTC perpetual futures funding rates hit extreme highs — making long positions too expensive. That often signals an overheated market and sparks short-term corrections.

3. CPI Inflation Data Leak

A leaked U.S. CPI figure circulated in private channels minutes before the official release — hinting at stickier inflation. That caused temporary fear of delayed Fed rate cuts.

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📉 What’s Next for BTC?

  1. Support Zone: $102K–$105K is now key to hold

  2. Resistance: $110K remains the breakout target

  3. Volume Insight: Exchange inflows are rising — expect volatility this week

  4. Short-term holders should stay cautious, while long-term bulls may view this as a healthy correction in a strong uptrend.

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💡 Pro Tip for Traders:

Use tighter stop-losses when BTC nears ATHs, and avoid chasing green candles during whale selloffs. Monitor on-chain flows and macro events

✅ Summary:

Bitcoin’s brief visit to $108,899 was historic — but rapid whale moves, overheated funding, and macro noise triggered a swift correction.

Still bul

lish? Watch for recovery above $110K with strong volume.

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