šØ Bitcoin just took a heavy dip! $BTC dropped over 3% in the last 24 hours and is now hovering around $112,792 after failing to hold its 24h high of $116,938. Selling pressure clearly kicked in, with volumes spiking as traders reacted to the move. š Indicators arenāt looking too friendly either ā RSI is close to oversold and Bollinger Bands show increased volatility. Why the pullback? ⢠Profit-taking after the rally ⢠Ongoing market uncertainty ⢠Possible whale-triggered liquidations Still, the bigger picture stays bullish ā BTC is up 85% this year. Short-term, Iām watching: ⢠š» Support: $112,500 ā $111,800 ⢠šŗ Resistance: $114,500 ā $116,000
A clean break above $115K could flip momentum back to the bulls. Otherwise, more downside risk.
š Just saw a huge ETH whale dump worth $148M within 3 hours. Institutions also pulled around $196M from ETFs.
Markets are shaky right now ā feels like weāre at a turning point. Either ETH finds strength and bounces back toward $4,500, or we see another dip.
Personally, I think short-term volatility is scary, but long-term ETH still has strong fundamentals. š
Ethereum has had a pretty rough week, and Iāve been closely watching the charts and on-chain flows. Honestly, itās been a rollercoaster ā especially after seeing how much ETH whales dumped in just a few hours.
š $148M ETH Whale Sell-Off
According to Lookonchain, whales moved $148 million worth of ETH to exchanges in just 3 hours. Thatās not retail panic ā thatās the big players exiting, and usually, they know something before the rest of us do.
š ETF Outflows ā Institutions Are Leaving Too
The situation gets worse when we look at traditional money. Coinglass data showed $196.6M in ETF outflows on Monday alone, the second-biggest daily outflow in ETHās history. Add Fridayās $59M exit, and thatās $256M gone in just 2 days. Clearly, confidence is shaky.
š Is ETH Near Rock Bottom?
Despite all the bearish noise, the technicals are flashing some interesting signals: ⢠RSI is sitting at 35 (near oversold) ā usually where ETH finds support in past cycles. ⢠MACD lines are flattening after the recent ādeath cross,ā which could mean selling pressure is losing steam.
This doesnāt scream ānew ATH,ā but it does suggest sellers might be running out of fuel.
š” Can Ethereum Bounce Back to $4,500?
Key level to watch right now is $4,150 support ā the same area that triggered the last major rally. If ETH holds here and buyers step in, we could see a push back to $4,790 (ā14% upside).
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