Today the cryptocurrency market experienced strong pressure:

🔻 1. Mass liquidation of positions

In one hour, over $300 million in longs were closed, sharply intensifying the price drop. The market was overheated, and the slightest downward movement triggered a chain reaction of stop-loss orders.

🐳 2. Major whale sell-off

A sale of over 24,000 BTC by one of the large holders was recorded in the market. Such movements always create panic and provoke a price decline.

🏦 3. Macroeconomic factor

The rhetoric of the US Federal Reserve remains strict: the rate may stay high longer than expected. This puts pressure not only on crypto but also on the stock market, reducing investors' risk appetite.

📉 Current situation:

BTC has dropped to the level of $112K, losing more than 5% in a single day.

📈 Development scenarios:

Bullish scenario: if BTC holds $112K–$113K, a quick return to $115K and above is possible. Consolidation above $117K will open the way to $120K.

Bearish scenario: a breakout below $110K could lead to a deep correction down to $105K.