🚨 $BTC Plunges Under $113K — What’s Fueling the Sudden Sell-Off?
Bitcoin recently plunged from over $123K to under $113K, wiping out more than $10,000 in value in just days. The sharp decline shook the market and caught many traders off guard.
📉 Key Factors Behind the Crash:
• Support Levels Shattered: Critical zones at $118.9K, $115.5K, and $113.7K have flipped from support to resistance, signaling bearish pressure.
• Whale Selling Pressure: Large holders dumped coins near all-time highs, sparking a wave of stop-loss triggers and liquidations.
• Weak Buying Response: Attempts to hold $112K failed as demand dried up, leaving bears in control.
• Wider Market Uncertainty: Global risk aversion and macroeconomic worries fueled profit-taking across crypto markets.
📊 Current Snapshot:
• Price: ~$113,100
• 24H Range: $112,700 – $116,300
• Volume: $2.9B
• BTC Volume: 25,000+ BTC
🔮 What’s Next?
Watch $113K closely — a break lower could push BTC toward $110K. Bulls need a reclaim of $115K to regain momentum and stabilize the market.
Stay sharp, keep your risk management tight, and watch key levels for signs of reversal or further weakness.
