A quiet storm might be brewing for Bitcoin. New on-chain data from Sentora shows 7.9% of all BTC is now at a loss โ an early warning sign of a possible pullback.
But it's not just about red numbers...
Key Things to Know:
๐น $105,000 = Key Support Zone
Around 900,000 BTC were bought near $105K. That creates a strong support level โ similar to late 2024 when BTC bounced around $100K multiple times. Will we see another rebound here?
$121K+ = Possible Selling Zone
If BTC climbs above $121K, some investors might take profits. This could create selling pressure and slow down the rally.
Loss Threshold Matters
Right now, nearly 8% of BTC is โunderwaterโ (held at a loss). When this number crosses 15%, past data shows it can lead to stronger corrections. Watch for panic selling if the market gets shakier.
What You Should Watch:
Will $105K hold with strong trading volume?
Are long-term holders buying the dip or leaving the market?
Is altcoin activity picking up as BTC cools off?
Final Thoughts:
This is a make-or-break moment for Bitcoin.
$105K might be the launchpad for a new rally โ or the trapdoor to deeper losses.
Your Take:
Do you think Bitcoin will bounce from here โ or is a bigger drop coming?
Drop your thoughts below and follow for more real-time updates.
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