💥 Bitcoin Falls Below $112K — What’s Really Happening? 💥
Bitcoin closed its weekly candle at its lowest point since last month, despite Jerome Powell hinting at a Fed rate cut during Jackson Hole. Instead of rallying, BTC shocked the market with a steep drop to $110,000. Here are the Top 3 Reasons why:
🔹 1. Whale Rotation to Ethereum
👉 On-chain data shows whales unloading thousands of BTC into ETH.
• OG wallet “19D5J8” moved 12K BTC after 5 years of inactivity.
• Another whale swapped 18K BTC into Ethereum, fueling BTC sell pressure.
🔹 2. Weekend Liquidity Trap
👉 Thin weekend trading = easy manipulation.
• Low order book depth made BTC vulnerable.
• Massive sell-offs triggered cascade liquidations.
🔹 3. Exchange Inflows Spike
👉 Bitcoin reserves on exchanges jumped.
• More BTC inflows = higher sell pressure.
• Trend is clear: weekends = weaker markets.
⚡ Takeaway:
Whales are rotating, liquidity is thin, and reserves are rising. BTC might see more turbulence ahead — keep an eye on $110K support and watch ETH’s momentum closely.
🚀 Are you buying the dip or waiting for the whales’ next move?
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