#MarketPullback

$BTC Pullback: Support at $107K Tested as Whales Sell, Hodlers Accumulate

Bitcoin has fallen below $108,000, marking its lowest point in seven weeks after a 6% weekly decline from the recent $124K high. The market remains divided—some traders are turning cautious, while others see the drop as a fresh accumulation window.

📉 Short-Term Outlook

Sentiment is fragile. Key support levels are emerging at $107,400 and $105,000. The Relative Strength Index (RSI) has slipped to 35, indicating both bearish pressure and increasingly oversold conditions—potentially signaling a relief bounce ahead.

📊 On-Chain & Market Indicators

Whale Accumulation: Wallets holding 100+ BTC have hit an all-time high, suggesting long-term holders continue to buy the dip.

Daily Volume: Holding steady at $44 billion, reflecting consistent market activity.

Bitcoin Dominance: Has risen above 57%, showing capital rotation back into BTC as altcoin sentiment weakens.

📈 Upside Scenario

A move back above the $111K–$115K range could spark renewed bullish momentum. This zone is a key threshold for recovery and continuation of the broader uptrend.

⚠️ Headwinds Remain

Whales have offloaded around 24,000 BTC.

ETF outflows total $126 million.

Over $4 billion in profit-taking has been recorded on-chain.

The Federal Reserve’s cautious stance on crypto continues to weigh on short-term confidence.

🧭 What to Watch

The critical level to monitor is $107,400. If this support holds, BTC could enter a consolidation phase, building a base for future moves. However, a breakdown below $105K could trigger further downside as leverage unwinds and risk appetite fades.

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Bottom Line

This correction appears more about positioning than panic. While short-term sentiment is under pressure, structural demand remains strong and long-term adoption trends are intact. The coming weeks will reveal whether $124K was a temporary peak—or simply a pause before the next leg higher.#MarketPullback #SaylorBTCPurchase #TrumpTariffs