🚨 Bitcoin Bulls Beware: 3 Red Flags Point to a Potential Dip Below $100K This Week
Bitcoin (BTC) has slipped below the crucial $108,000 support level, raising concerns about a possible further decline. Analysts warn that BTC could test the $100,000 mark in the coming days. Here are three key warning signs:
1. Institutional Buying Slows Down
Between May 19 and May 25, Strategy acquired 4,020 BTC, a decrease in volume compared to previous purchases. Analysts note that these acquisitions represent only a small fraction of total Bitcoin trading volume, suggesting limited impact on price trends.
2. Declining ETF Inflows
Institutional capital flow into U.S.-based spot Bitcoin ETFs is decreasing. This trend indicates waning institutional interest, which could pressure BTC prices downward.
3. Whales and Long-Term Holders Taking Profits
Addresses holding between 10–100 BTC, 1,000–10,000 BTC, and 100,000–1 million BTC have reduced their holdings, likely cashing out gains from the recent rally. This profit-taking behavior adds to selling pressure in the market.
📉 Technical Outlook
BTC is approaching key support levels at $102,315 and $97,732. A retest of the $100,000 psychological milestone remains a likely scenario. Once these levels are tested, a recovery may begin, as this zone is marked as a bullish fair value gap on the BTC/USDT daily chart.
⚠️ Final Thoughts
While Bitcoin's long-term prospects remain strong, current market indicators suggest caution in the short term. Traders should monitor these red flags and adjust their strategies accordingly.
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*Stay informed and trade wisely.*