‘Bitcoin $100K Break Was Emotional’ – On-Chain Data Shows No Structural Damage

Bitcoin has officially lost its footing below the critical $100,000 level, rattling markets and fueling a wave of fear-driven ￰0￱ move comes after a sharp surge in bearish sentiment, with CryptoQuant data indicating that Bitcoin’s latest decline is largely psychological rather than fundamentally ￰1￱ Reading: Anti-CZ Whale Scores Nearly $100M On ASTER And Altcoin Shorts As Market Sells Off Over the past several days, the market has shifted from confidence to panic at remarkable ￰2￱ Fear & Greed Index plunged to 21 — deep in fear territory — just days after BTC briefly tapped $107K. Bullish narratives calling for a $150K–$200K breakout have vanished from social platforms, replaced by anxiety, disbelief, and calls for deeper ￰3￱ search trends for Bitcoin interest cooled significantly after October highs, mirroring weakening retail enthusiasm.

Meanwhile, altcoin sentiment collapsed to extreme lows, hitting -81 as traders capitulated across the ￰4￱ emotional swing is not unusual for ￰5￱ a relatively small market structure and large speculative participation, crypto assets remain highly sensitive to sentiment ￰6￱ many cases, price movements are influenced more by crowd psychology than by on-chain ￰7￱ the sell-off has been intense, analysts note that network data remains resilient — raising the question of whether panic, rather than macro reality, is driving this correction. On-Chain Data Shows Strength Beneath the Sell-Off Despite Bitcoin’s sharp drop below $100K, on-chain data paints a very different picture beneath the ￰8￱ to a CryptoQuant report by XWIN Research Japan, there is no evidence of structural weakness or network deterioration — only a sentiment-driven ￰9￱ network metrics remain ￰10￱ withdrawals have surged, suggesting investors are moving BTC into self-custody rather than rushing to exit the market.

meanwhile, UTXOs in loss have risen to roughly 12%, signaling discomfort — but still far from levels associated with true capitulation phases in past ￰11￱ indicates that most market participants remain positioned for longer-term ￰12￱ the protocol level, Bitcoin continues to show ￰13￱ remains near all-time highs at approximately 1.1 ZH/s, reinforcing network security and miner ￰14￱ ratio has trended lower, pointing to reduced sell-side pressure from large ￰15￱ dynamics also support a potential ￰16￱ $10.7B in stablecoins has recently flowed into Binance, providing substantial dry powder for future ￰17￱ cap data shows long-term holders trimming some profits, but importantly, incoming demand continues to absorb supply.

Overall, the pullback appears sentiment-driven rather than fundamental. On-chain signals suggest the broader uptrend remains intact — making this volatility a test of conviction, not the start of a structural ￰18￱ Reading: Balancer Hacker Now Converting Loot to Ethereum: Stolen Funds Surge To $116.6M Key Support Under Pressure, Short-Term Trend Weakens Bitcoin continues to trade under heavy pressure following its breakdown from the $110,000 range, slipping below the psychological $100,000 level before stabilizing near current support around $101,800. The 4-hour chart shows a clear transition into a lower-highs, lower-lows structure, confirming short-term bearish ￰19￱ averages reinforce this weakness: price is trading below the 50-, 100-, and 200-period moving averages, signaling that bears remain in ￰20￱ sharp impulse move down was met with a spike in volume, suggesting panic-driven selling rather than a slow, distribution-based ￰21￱ then, volume has normalized as price attempts to consolidate above the $100,000 ￰22￱ zone now serves as a pivotal demand area — a break below it could expose deeper downside toward $95,000–$98,000, where stronger historical liquidity ￰23￱ Reading: Whale Piles Into ASTER Shorts After CZ’s Comment – $52.8M On the Line Despite the selloff, Bitcoin is showing early signs of ￰24￱ wick below $100K indicates buyers stepped in aggressively at that level, preventing further liquidation cascades.

However, bulls need to reclaim the $105,000–$107,000 band to neutralize short-term downside pressure and signal a potential ￰25￱ now, the trend remains fragile as market sentiment cools and traders reassess ￰26￱ stability above $100K is critical — losing this range could trigger another wave of forced selling, while defending it may set the stage for a relief ￰27￱ image from ChatGPT, chart from ￰28￱