Bitcoin's Epic Standoff at $115,000

​The crypto world is watching a high-stakes battle as $BTC price fights for survival at the crucial $115,000 support level. The bears are in control, pushing the price down with clear dominance. Technical signals show that the upward momentum is fading fast. A breach below this point could see the price drop sharply towards $112,500.

​However, there's more to this story. A massive $650 million in long positions is set to be liquidated if the price dips below $114,000. This staggering amount could paradoxically become a strong line of defense. Major players won't easily let their positions get wiped out, so they will likely fight hard to protect this area.

​Recent market data paints a bearish picture: whales have been dumping Bitcoin, selling off $13 billion in the last month—the largest sell-off since July 2022. At the same time, money flowing into Bitcoin ETFs has slowed to a trickle, with a net buying volume of just 500 BTC per day. These are clear signs that market-wide buying power is weakening.

​This tug-of-war has created a classic trading opportunity. Bears can look for short positions around $115,500, targeting the liquidation zone below. Meanwhile, bulls can set up long positions around $114,000, betting that the huge amount of liquidation will act as a launchpad for a powerful rebound.