🚨 Bitcoin Flash Crash: BTC Dives Below $113K — What’s Going On?
Bitcoin just took a sharp dive, slipping under $113,000, leaving the crypto world on edge. Here’s a breakdown of what triggered the crash and what could come next 👇
💥 What Caused the Crash?
🔹 Whale Activity:
An old whale wallet suddenly moved $4.8B in BTC, triggering panic across the market. This led to $450M in long liquidations and $3.5B in total losses.
🔹 Strong Resistance at $120K–$123K:
BTC touched this range several times but failed to break through, forming bearish candlesticks that signaled sellers taking over.
🔹 Global Tensions:
Fresh concerns about U.S. tariffs spooked global markets, prompting crypto holders to take profits — adding fuel to the sell-off.
🔹 Technical Red Flags:
Despite higher prices, the RSI showed weakness — a bearish divergence. Plus, the NUPL indicator is signaling a possible local top.
🔍 Key Level to Watch: $113.6K
Analysts are eyeing this level as a crucial support zone. A break below could open the door for deeper losses.
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📌 What You Should Know:
This crash is a perfect storm — whale moves, macro shocks, and weak technicals hitting all at once. Volatility is back in full force.
📊 What Traders Can Do:
• Short-term: Watch for BTC to reclaim $115K–$116K — a bounce may follow.
• Long-term: Drops to $104K–$110K could be buy zones — if fundamentals hold.
• Macro-watchers: Keep an eye on the Fed, trade news, and tariffs — they’re steering the ship now.
