Bitcoin teeters near key support as whale activity fuels selloff fears

Bitcoin (BTC) fell below the key $114,000 support level over the weekend, triggering renewed market anxiety. The leading cryptocurrency is now testing a major demand zone between $111,000 and $112,000, a range defined by the lower boundary of a long-term upward channel and a previous resistance-turned-support level, according to CryptoPotato. Should this zone fail to hold, a swift move down to the psychologically important $100,000 level may follow. On-chain data is reinforcing bearish sentiment. Yesterday’s 16,417 BTC inflow into exchanges, the largest since mid-July, signals rising sell-side pressure, reinforced by an Exchange Whale Ratio above 0.70. With whales behind most of the transfers, the pattern mirrors past setups that preceded sharp price drops.