Whales and Rollercoasters: Is Bitcoin Set for a Dramatic Dive to $108K?

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Key Takeaways

The illustrious Bitcoin now finds itself under the merciless weight of selling pressure, all thanks to a Satoshi-era whale flexing its financial muscles! The burning question remains: can BTC take a nosedive beneath the sacred barrier of $110K? 🐋💰

Ah! In an astonishing display of acrobatics, Bitcoin [BTC] danced its way to an exhilarating new all-time high of $122,838 this very week, reigniting enthusiasm like a well-baked babka fresh out of the oven! This spectacle aligned perfectly with the U.S. government’s attempt at playing fairy godmother, weaving regulatory spells to enchant the adoption of Bitcoin and its merry band of cryptocurrencies.

As BTC heroically leaped above the coveted $120,000 threshold, an unexpected gust of sentiment swept through the air! It appears that those grand Titanic creatures lurking in the crypto seas—the Bitcoin whales—are beginning to whisper sweet nothings of selling, pushing the Bitcoin Whale Position Sentiment to a remarkable 0.75 as our tale unfolds. 🐋📉

This whale position indicator revealed a marvelous plot twist: the crypto titans might be cashing out of their golden dreams! Meanwhile, the Cumulative Volume Delta (CVD) exhibited the signs of a majestic sell-off while the Open Interest gracefully pirouetted downwards.

How Satoshi-era whale is fueling selling pressure?

Upon further analysis—an act akin to discerning the hidden truths in a Dostoevsky novel— our concerns were confirmed by the omnipotent Buy/Sell Pressure indicator.

It seems the sell-side is engaging in a slow and steady rise, having reached a reading of 0.6 at the moment of our profound contemplation. On the contrary, the buying sentiment resembles a wilting flower, dipping towards the realm of negativity. 🌼⬇️

The charts revealed a startling update—the delta plummeted to a mere 5 from a glorious peak of nearly 40 just days before, raising alarm bells that echoed through the corridors of the market. But fear not! Such cancellations of bullish parties are hardly unprecedented—markets often retreat for a hearty breather after soaring toward the clouds.

Yet, as fortune would have it, the mounting pressure was intensified by a resurgence of slumbering whales from the Satoshi epoch. 🐋⏳

According to the oracle known as Onchain Lens, a formidable whale recently stirred from its deep slumber, having moved 80,000 BTC not long ago. This mighty beast astonishingly transferred 9,000 BTC, valued at a breathtaking $1.06 Billion, to Galaxy Digital, marking its first foray into cashing out. 🎉💸

Such maneuvers unveiled that OTC markets operated as the preferred alleyways for cash-outs, boasting an impressive flow of fiat currency and a magical lack of slippage. 😅✨

Will the pullback take BTC below $110K?

Keeping these riveting developments in mind, our Aggregated Liquidation Levels Heatmap transmogrified into a map of fabled treasures, hinting at mystical zones where price reactions might spell doom or salvation as the new ATH hysteria crystallizes! 🔥🗺️

As BTC flirts with the delicate art of correction, two enchanted zones beckon for attention. The liquidity surge around $115,000 and $108,000 signals potential tumbling, a reminder of the gripping volatility our beloved crypto markets are known for.

If the price finds itself cascading into these depths, courageous buyers might spring into action, ready to hoist the prices to greatness once more. These zones become sacred battlegrounds where traders hope to witness the miraculous resurgence of trend continuation.

Moreover, a veritable mountain of liquidity lurks ominously at the $143,000 to $146,000 altitude—a tent of prosperity signaling that should BTC manage to rebound, the next adventurous targets lie above the $140,000 horizon! 🌄🚀

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2025-07-15 18:20