Bitcoin Falls Under $100K on OKX Amid Selling Pressure
Bitcoin price slid below the $100,000 mark on OKX, trading near $99,900 after declines of 1.98% to 3.25%. Bitcoin’s slide reflects rising selling pressure around this key psychological support level, underscoring heightened crypto market volatility and broad macroeconomic uncertainties. Traders should monitor volume trends, market sentiment, on-chain indicators and open interest to anticipate further moves. Breaching $100K risks triggering short-term bearish momentum, risk-off shifts in altcoins and adjustments in leveraged positions. Key support lies at $98,000, with resistance near $105,000—levels that will guide trading strategies in the coming sessions.
Bearish
This news is bearish for Bitcoin in the short term, as it signals increased selling pressure at a critical psychological level and a break below $100K may trigger further downward moves. Short-term traders may adjust or reduce leverage, and risk-off sentiment could spread to altcoins. Monitoring on-chain metrics, volume and open interest can help gauge potential capitulation or stabilization. While long-term support zones around $98K remain intact, persistent macro uncertainties could prolong downside pressure, making cautious positioning advisable.