Bitcoin's recent break below the $114,000 support level has triggered bearish sentiment among investors. This key technical level, as reported by Cryptopotato, represented the lower boundary of a mid-to-long-term upward channel. The failure to hold this level increases the likelihood of a drop towards the $100,000 psychological support. Adding to the bearish outlook, exchange data reveals a significant increase in BTC deposits. Since mid-July, over 16,000 BTC have flowed into exchanges. The Exchange Whale Ratio, indicating the proportion of large transactions, has exceeded 0.70. This suggests that major holders are preparing to sell, potentially to realize profits or cut losses. This selling pressure could further exacerbate the downward trend in the short term. Traders should monitor the $100,000 level closely. A break below this critical support could trigger a more significant correction. ```

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