Bitcoin: Key Levels & Sentiment Check

Friday’s sharp move cleared ~$20B in crypto liquidations. Bitcoin fell ~14%, bounced over the weekend to ~$115K, but has since slipped back toward ~$111K.

What to Watch:

Support: $110K–$112K is critical. If it breaks, downside could accelerate.

Resistance: $116K is first hurdle; above that, eyes on $123K+.

Sentiment: “Around 30% of all Bitcoin has a cost basis above $95K” — Checkmate.

That means a large chunk of the market is now in the red — and conviction is being tested.

This week will tell us if the bulls can regain control or if we’re heading deeper into risk-off territory.

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