Bitcoin dey face bearish pressure as price dey stall under $108K amidst whale selling and key support tests
Bitcoin (BTC) don drop recently from im yearly high to about $104,650, e lose like 6.52% because tension for geopolitical matter dey rise and technical levels dey change. Deribit options data show say hedging don increase, plus put-to-call ratio high and plenty open interest dey around the $100,000 strike—this one dey show say traders dey expect more drop. Even though spot Bitcoin ETFs get $216 million inflow, wey mean say investors still dey interested, bearish momentum still strong. Price dey consolidate inside small range now, e don try break $108,000 resistance many times but no fit. Key technical indicators like RSI below 50 on daily and 4-hour charts show momentum weak. Charts also get bearish double top, descending triangle, and price fall below 50-period EMA. BTC dey trade between liquidity zones, buyers dey protect $101,000–$103,000 level but struggle to get new upward momentum. Selling pressure clear for around $103,500, if price break below $102,000–$103,000 liquidity zone, e fit fall further to psychological $100,000 level. On-chain data show exchange whale ratios pass 0.55, highest for one year, meaning big holders fit dey ready to sell. Historically, when whale activity dey up before price flat, e fit lead to drop or big volatility. Unless bulls fit take back $108,000 resistance and turn am to support, traders suppose prepare for possible liquidity sweeps and more selling under $100,000.
Bearish
Recent price movement dey show say Bitcoin dey struggle under di $108,000 resistance, wit plenty failed tries to break pass dat level. Several technical indicators, like high put-to-call ratios, strong bearish double-top pattern, and RSIs under 50, dem dey point to weakening bullish momentum and increasing risk for downside. Di appearance of descending triangle and pressure for key liquidity zones, plus increasing whale activity for exchanges, dey suggest large holders fit dey prepare to sell, which historically dey cause more decline or higher volatility. Unless Bitcoin bulls fit reclaim $108,000 and turn am to support, market go remain vulnerable to liquidity sweeps below $100,000 and stronger selling pressure. Even though ETF inflows dey show ongoing investor interest, short-term outlook still bearish until technical resistance and whale selling trends change.