Bitcoin Market Update & Technical Outlook$BITCOIN #Binance

Bitcoin is trading at $108,673 (+1.10%), holding within a consolidation range of $105,800–$112,000#bitcoin . The emergence of a double top pattern suggests a potential short-term pullback, with critical support between $95,000–$100,000 that warrants close attention.

Key Demand Concerns

Bearish demand signals highlighted by analysts [(read analysis)].

Whale liquidations totaling 40,000 BTC (~$4.3B) are applying significant sell pressure.

Technical structure weakening, as lower highs continue to form despite intermittent rebounds.

Sentiment vs. Market Positioning

Although 81.4% of social sentiment remains bullish, institutional indicators reflect growing caution.

The margin long-short ratio presents mixed readings: 38.06 for currency pairs and 1.09 for USDT pairs.

Glassnode metrics support a resilient long-term outlook despite near-term instability.

Strategic Insight

Until demand confirms a new support base, a defensive trading approach is recommended. Monitor for potential buy zones around $95K–$100K, while maintaining a long-term bullish perspective, supported by sustained ETF inflows.

For an in-depth look at whale activity and market structure, visit Binance Square.