🚨 Bitcoin Flash Crash! $BTC Drops Below $113K – What’s Going On?
Bitcoin just had a sharp drop below $113,000! Let’s see why this happened and what it means 👇
📉 Why did BTC crash?
🔹 Big wallets took profits – An old whale moved $4.8B worth of BTC. This scared the market and caused $450M in long liquidations and $3.5B in losses.
🔹 Strong resistance at $120K–$123K – $BTC couldn’t break above this level and got pushed down.
🔹 Global news – New U.S. tariff worries made investors nervous, so many sold to take profits.
🔹 Weak technical signs – RSI showed bearish divergence, and the NUPL indicator suggested the market might be overbought.
🧠 Important level: $113.6K – analysts say this is key support to watch.
✅ Why this matters:
It shows how quickly crypto can drop when big sellers, global news, and weak charts come together.
📌 What can traders do?
• Short-term: Watch if BTC can get back above $115K–$116K for a bounce.
• Long-term: If BTC dips to $104K–$110K, it might be a chance to buy (only if fundamentals look strong).
• Macro: Keep an eye on Fed news and global trade updates – they move markets.