Bitcoin slides to less than 112 thousand dollars – will you keep supported by $ 110,000, or is more pain in the future? star-news.press/wp

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Bitcoin slipped less than $ 112,000 with $ 600 million of losses and $ 475 million. Traders are now watching $ 110,000 as a major defense against the deepest passive side.

On August 24, Bitcoin (BTC) broke less than $ 112,000. It was not just another retreat. Instead, it caused a clear circulation in the risk.

This step was valid quickly, as approximately $ 600 million of the achieved losses hit the market the next day, which represents the largest flow per month.

Functions? A long liquidation survey of $ 475 million, Deeper Washing tall leverages since Food that is driven by the customs tariff in April.

IN is short, one of the rest is the support is all that it took to stop a sharp flow, with $ 110,000 now the embarrassing line on the graph.

The fragile market structure in Bitcoin is exposed!

One look at the Bitcoin chart shows the weight of $ 112,000.

On the second of August, BTC re -left this support after it reached 123 thousand dollars only twenty days ago, and from there, 10.7 % in two weeks was torn to the highest new level ever.

However, when the next re -test failed to present a similar bounce, the market structure turned. He also confirmed 600 million dollars in Calculated losses, such as hodles As the high cost of the high cost of the exit

Source: TradingView (BTC/USDT)

The result? Bitcoin has published three consecutive sessions of its lowest levels.

The first fetal took advantage of $ 110.305, the second $ 110,185, and the third spanned 108,761 dollars. Of course, that support in the short term under pressure, while pressing the bears in the pockets of liquidity is just less than 110 thousand dollars.

Simply put, BTC clings to $ 110,000 as the last defense in the short term. If this level allows the field, then the path opens to capture deeper in the area of ​​107 thousand dollars -105 thousand dollars, as it is likely to show the benefit of heavy giving.

BTC risk a slide of $ 100,000 without a Macro payment

CVI (CVI) Read 47.69, at the time of the press, a mild seal appears on the market

Even after the break, the panic did not start.

The circulating investment funds have also turned positively, indicating the crawl of fixed prices. At the same time, the open interest (OI) remained silent, which means that the leverage has not yet increased.

Moreover, this BTC kept a structural decline – although any Beck App can quickly turn the bias.

Flows in favor of ETH, not BTC

Source: x (willy woo)

However, the main baccardial winds of Bitcoin are still the ETH/BTC ratio.

Flows to Ethereum (ETH), which runs about $ 0.9 billion per day (silver), is attached to the BTC (orange) flows.

Moreover, although BTC’s investment funds have turned into positive, ETH ETFS has succeeded in more than a billion dollars in the last four transactions, indicating the capital rotating strongly in the ETH.

After saying this, unless it is a great catalyst like the axial lands in the federal reserve, it is possible that the whales will maintain risk flows in Ethereum, leaving Bitcoin exhibition of a deeper segment of about $ 100,000.