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#BTCWhaleMovement Current Market Overview Price Retreat from $110K: BTC recently climbed above $110K but got rejected for the third time in a row, indicating resistance around that level . Support Levels to Watch: Upside faces selling pressure near $110–112K; downside support lies between $105K–$108K . 🔍 Technical Indicators & On‑Chain Dynamics Short-Term Bearish Signals: RSI and MACD show bearish divergence on intraday charts, hinting at potential pullback . Consolidation Zone: BTC is trading within a symmetrical triangle (~$108K–$110.6K), indicating market indecision . Holder vs Trader Standoff: On-chain data shows long-term holders are HODLing (~14.7M BTC), while leveraged traders are building positions—suggesting a coiled spring scenario . Whale Wallet Activity: Movement of 20,000 BTC (~$2B) from dormant wallets triggered fears of potential sell-off . 🏦 Macro & Institutional Context Stable ETF Inflows: Institutional demand remains strong—spot Bitcoin ETFs have attracted over $48B—offering buffer against big drops .
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