Bitcoin (BTC) has been under selling pressure over the past 24 hours, slipping about 2–3% to trade near $112,500. Ethereum (ETH) saw steeper losses, dropping nearly 7% to hover around $4,100. The pullback triggered a wave of long liquidations, dragging most altcoins lower in tandem.

$BTC

Key Levels to Watch

  • BTC Support: $110,000 (critical) → next level: $105,000 if broken.

  • BTC Resistance: $115,000–$120,000.

  • ETH Support: $4,000.


  • ETH Resistance: $4,400–$4,500.

    $ETH

    On-Chain Insights

Recent on-chain data highlights diverging whale behavior

  • Large holders (1,000+ BTC): net sellers in recent sessions.

  • Mid-size wallets (100–1,000 BTC): accumulating steadily, with an average entry price around $91,900, keeping them in strong profit.


    Market Sentiment & Macro Backdrop

Sentiment has tilted towards fear following the latest liquidation cascade. On the macro front, investors remain cautious—balancing optimism over potential rate cuts with ongoing concerns around inflation and equity market volatility.

Outlook

  • Bullish scenario: If BTC holds $110K, a rebound towards $115K+ is on the table, with ETH potentially retesting $4,400–$4,500.


  • Bearish scenario: A breakdown below $110K could expose $105K, while ETH risks slipping under $4K.

⚠️ The market remains choppy—traders should stay alert to volatility in the days ahead.

$BTC

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