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Bitcoin (BTC) faces a critical bearish test as over $9.4 billion in BTC floods centralized exchanges, signaling potential selling pressure. Analysts warn of a looming price correction, citing weak retail interest and structural demand-supply imbalances. Key support levels are now in focus as traders brace for volatility.
- Over $9.4 billion in Bitcoin moved to exchanges, signaling heightened selling pressure and potential price decline.
- Analysts note weak retail interest in the recent rally, with Google searches for 'Bitcoin' declining despite price highs.
- Key support levels identified at $107,000–$109,000, while some analysts remain bullish with $140,000–$200k year-end targets.
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