Thomas Daniels
Bitcoin is currently trading at $110,000, a level many analysts describe as a pivotal threshold. While BTC posted a modest 0.9% gain over the past 24 hours to around $111,000, fundamental signals suggest growing fragility.
Private wealth firm Swissblock highlights $110,000 as Bitcoin’s “lifeline support.” If maintained, the level may uphold the bullish structure; if breached, it risks triggering broader structural weakness.
Crypto analyst AlphaBTC points to the $110K–$112K zone as the key battleground. He stresses that a four-hour candle close above $112K is needed to revive bullish momentum. Failing that, Bitcoin could fall to $105,000.
Investor and trader Crypto Storm echoes this assessment: “As long as this zone holds, a rebound toward the highs remains possible.”
Bearish On-Chain Signals Build
- The Taker Buy-Sell Ratio currently stands at –0.945, its lowest since November 2021—just before the last market peak. This reading reflects sustained bearish dominance and a shift in market sentiment toward caution.
- Glassnode data reveals a 13% decline in monthly change-adjusted transfer volume, dropping from $26.7 billion to $23.2 billion. A fall below the annual average of $21.6 billion would reinforce the case for a slowdown in speculative on-chain activity.
Downside Risks Remain in Focus
- Bitcoin recently dipped to $108,700, the lowest level in seven weeks, amid faltering momentum and continued ETF outflows.
- The price break below $112K triggered approximately $600 million in realized losses and $475 million in liquidations. Should $110K fail to hold, BTC could target the $107K–$105K range next.
- Market-wide liquidations now total nearly $940 million, underscoring the heightened vulnerability around the current price range.
