Bitcoin’s $105,000 Support: Is it a Lifeline or a Crash Waiting to Happen? 😱

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So, Bitcoin tried (and failed) to break its all-time high again. Shocker, right? 😒 The world’s largest cryptocurrency by market cap plummeted to a weekly low of $110,820 on Binance. And now, here we are-Bitcoin’s officially entered its “Oops, I made a mistake” phase. $105,000 is the magical number we’re all eyeing now. Will it hold? Probably not, but let’s pray. 🙏

Bitcoin Falls to $110,000, and We’re All Just Watching It Happen

According to a post from CryptoQuant by some guy named BorisD (because all crypto experts have mysterious names), Bitcoin’s current state of crisis might drag on for a while. Apparently, the whales (no, not the cute ocean ones-these are the big BTC holders) are selling off like it’s Black Friday. Is it even safe to look?

For those who haven’t been paying attention: Bitcoin whales are the guys and gals who hold way too much BTC. They have so much power that one of them deciding to sell off can make the price drop faster than my hopes of getting a second serving of dessert. 🍰 Their moves matter, big time.

But wait, the smaller wallets are throwing a curveball. The ones with 0-0.1 BTC? They’re getting back into the game. Maybe they’re just trying to catch the dip, or maybe they just haven’t realized the market’s crashing yet. 🤔 Retail investors are still holding on, for some reason.

Then, there are the wallets with 1-10 BTC. These guys stopped selling at $107,000 and now they’re back in accumulation mode, as if they’re hoping Bitcoin will pull a miracle and go to the moon. 🌙 Not a terrible bet, I guess.

BTC Whales: The Only Ones Who Can Make Bitcoin Fun (and by fun, I mean terrifying)

Meanwhile, the wallets with 10-100 BTC have moved to “sell everything” mode after hitting $118,000. Because who doesn’t love a good sell-off when you can make a ton of cash before things get ugly? 💸

Oh, and then there’s the all-important 100-1,000 BTC group. They’ve been doing the crypto dance-one minute they buy, the next they sell. But there’s one thing they agree on: $105,000 is where all the action is. They can’t decide if they want to hang on or bail, but hey, it’s a crucial threshold, so let’s all pretend we know what it means. 😎

As for the larger whales (the ones with 1,000-10,000 BTC), they’re still in full-on sell mode after the ATH of $124,474 on August 13. These folks don’t do “holding” very well. But guess what? Their selling spree has slowed down-because why sell when you can just sit back and watch the panic unfold? 🎬

But don’t worry, there’s a silver lining (maybe?): The intensity of the sell-off is starting to chill out. The $105,000 support zone is now the most important line in the sand. Cross it, and it might trigger a full-on market panic. 😱

Julio Moreno, another analyst, said the CryptoQuant Bull Score Index is in neutral territory right now. Translation: it’s all about to get really weird unless Bitcoin can magically climb back over $112,000. 🙄

Lastly, Tony “The Bull” Severino, who clearly knows what he’s talking about (right?), says Bitcoin’s path to $183,000 is still intact. At least that’s what he says. But as of now, BTC is sitting at $111,349, down 2.7% over the last 24 hours. So, maybe don’t hold your breath. 😬

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2025-08-26 01:01