$BTC dropped -2.1% to $115k underperforming the market (-2.3%).

Key factors:

1. Whales moved 12K+ $BTC to exchanges (highest since Nov 2024).

2. $1B in liquidations added selling pressure.

3. Failed retest of $124K ATH โ†’ bearish momentum.

๐ŸŸข Details

* Exchange reserves climbed to 2.43M

$BTC โ†’ historically a correction signal.

* Funding rates dropped (-49% MoM), OTC credit costs rising.

* Price is testing SMA-30 at $117,384.

Support zone: $114.5K

๐ŸŸข Takeaway

Bitcoin faces pressure from whales, liquidations, and technical signals.

ETF inflows (+$231M) provide some B but $114.5K-117.5K is the key zone for rend direction.