The Bitcoin price slipped after a failed push above $116,000, triggering roughly $125 million in liquidations and a fresh bout of risk-off across 0 pullback follows last week’s tariff-driven shock and Monday’s fade from resistance, with traders eyeing whether the dip sets up the next leg higher, or a deeper test of 1 Price Rejected at $116K, Liquidations Flush Leverage After rebounding more than $15,000 off the weekend low, the Bitcoin price stalled near $111,500, a level that’s repeatedly attracted seller interest and 2 price rolled over, a wave of long liquidations swept through derivatives venues, wiping out overleveraged positions and cooling overheated funding.
Short-term, $111,000 has emerged as an initial demand zone, with deeper supports clustered near $110,000 and the psychological $105,000–$108,000 band. A decisive daily close back above $116,000 would reassert bullish control and put the prior high back in 3 headlines continue to frame intraday 4 uncertainty recently amplified volatility across risk assets, though a softer tone from both Washington and Beijing has tempered worst-case 5 shift helped stabilize crypto broadly, but BTC’s latest rejection shows bulls still need a clean catalyst to reclaim the 6 Capitulation: “Buy-the-Fear” Signal? On-chain and social gauges flash a familiar pattern: retail FUD peaked into the drop while “smart money” accumulated, according to market analysts.
Santiment’s Brian 7 that spikes in negative retail sentiment have repeatedly preceded short-term reversals this cycle, from spring tariff scares to summer geopolitical 8 technicians also highlight a bullish MACD cross on higher time frames, a setup that appeared before previous alt-season advances, even as near-term chop 9 point to improving market structure after the liquidation sweep: lower funding, cleansed leverage, and still-elevated spot 10 mix often precedes range rebuilds and trend continuation, provided key supports hold and macro rhetoric doesn’t re-ignite broad 11 to Watch Next Key technical levels remain clear for 12 support is seen between $110,500–$111,000, followed by a deeper cushion at $110,000.
A decisive close above $116,000 would confirm renewed bullish momentum, while a drop below $110,000 could expose Bitcoin to the $105,000–$108,000 13 Bitcoin price action, attention turns to Bitcoin ETF net flows and stablecoin liquidity, which signal broader market 14 inflows would strengthen the buy-the-dip narrative, while macro factors, such as tariff headlines or surprise data, could still trigger 15 image from ChatGPT, BTCUSD chart from Tradingview
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