#BinanceAlphaAlert Btc downfall

🐳 1. Whale Selling & Shift in Holder Behavior

Addresses holding 1,000–10,000 BTC sold over 40,000 BTC (~ $4.3 billion) recently—signaling significant profit-taking from large holders .

Moreover, long-time holders (LTHs) are becoming active, which often precedes distribution phases .

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📉 2. Technical Resistance & Momentum Loss

BTC is stalling near the $108k–110k resistance zone, struggling to break above

Short-term momentum indicators are weakening: a “Death Cross” formation is forming (50-day MA nearing a cross below the 200-day MA), which historically signals declines, though false signals occur

Stochastic RSI also showed a bearish “Death Cross” while in overbought territory, another sign of potential pullback

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⚖️ 3. Rising Bearish Market Sentiment

Long/short ratio sits at 0.96, indicating more traders are shorting than longing BTC .

A negative “apparent demand” score suggests sell pressure is outpacing new buying interest .

Miner outflows are increasing; miners .

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📰 4. Macro & Retail Weakness

BTC underperformed equities, failing to keep pace with the S&P 500 and Nasdaq rally—indicating decreased appetite from retail investors .

Broader “fear & greed” and sentiment indicators remain in bearish territory, reflecting continued market caution .

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📌 Summary

Bitcoin is facing significant resistance around $108k–110k amid signs of whale distribution, weakening momentum indicators, and growing bearish sentiment. While supports exist near $104k–$105k, a decisive break below could trigger a deeper pullback.

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🔍 What to Watch

Whale/Ecosystem metrics (exchange inflows, miner selling, dormant wallet movements)

Key technical levels: holding above $104k–$105k vs breaking resistance or support

Sentiment shifts: long/short ratio, Fear & Greed Index, and ETF/institution flows

Could be wise to:

Set tight stops around $105k

Consider hedging with short positions or options

Wait for confirmation: A sustained drop below $104k may signal