We’re entering a pivotal moment in crypto markets. Despite breaching the $100,000 mark, $BTC Bitcoin is now showing signs of exhaustion — pressured by tightening global liquidity, rising geopolitical tensions, and a systemic liquidity crunch across altcoin ecosystems.

On the macro front: Central banks, particularly the Fed and ECB, are delaying expected rate cuts. As a result, risk-on sentiment is fading rapidly. Investors are rotating out of volatile assets, with capital flowing into stablecoins (USDT/USDC), indicating a broad shift toward safety. Bitcoin dominance remains elevated, but the altcoin market is under severe stress.

On the micro side: On-chain indicators are flashing early warning signals. Coin Days Destroyed (CDD) and the Spent Output Profit Ratio (SOPR) suggest that long-term holders are beginning to take profits. Exchange inflows are rising steadily — a telltale sign of upcoming sell pressure.

Meanwhile, many altcoin projects are running low on funding reserves. Teams are liquidating treasury tokens to stay afloat, creating an indirect but sustained sell-off pressure on both ETH and BTC. This has led to cascading liquidations across centralized exchanges and even DeFi protocols.

Compounding the risk is geopolitics. A potential escalation — such as a U.S. military intervention in the Middle East or a China-Russia axis response — would spark global panic. In such an environment, traditional charting and technical levels become secondary to liquidity flight. If this scenario unfolds, Bitcoin could sharply break below the $100K threshold without significant support.

Key short-term levels to monitor:

$92,500

$88,000

$85,000 (psychological support)