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Bitcoin’s latest slide has pushed prices toward $111K, as the market teeters on fragile footing after recent highs.<\/p>\n
Amidst this turbulence, BTC wallet cohorts are showing mixed signals, with $105K emerging as the strongest structural support level.<\/p>\n
BTC’s recent pullback from its all-time high of $124K has drawn attention to $105K as a potentially decisive level in the ongoing correction, according to the latest analysis shared<\/a> by CryptoQuant.<\/p>\n Wallet behavior across cohorts pointed to a mixed but telling picture of accumulation and distribution patterns. The smallest holders (0-0.1 BTC) distributed heavily at the peak but quickly returned to accumulation as prices declined. This indicates their tendency to follow rather than shape the market.<\/p>\n Wallets holding 0.1-1 BTC, however, began accumulating at ATH levels and have maintained steady buying. Meanwhile, 1-10 BTC holders stopped distributing around $107K and have been accumulating.<\/p>\n On the other hand, 10-100 BTC wallets shifted from accumulation at $118K into distribution, reflecting a cautious stance by this cohort. The 100-1K BTC cohort appears most crucial as they show a balance of accumulation and distribution around $105K, which means that this level is a structural support zone. Larger wallets, particularly 1K-10K BTC and 10K+ BTC holders, remain in distribution, though selling pressure has noticeably slowed as the correction deepened.<\/p>\n Overall, distribution outweighs accumulation, but the intensity is waning. If Bitcoin revisits $105K, CryptoQuant stated that this level will be tested as a critical “last stronghold.” A breakdown below could spark increased fear and accelerate selling, while strength could mean that the asset is poised for a stronger recovery.<\/p>\n While wallet cohorts reveal cautious accumulation and distribution patterns, the derivatives market has already flushed weak hands through a major long squeeze.<\/p>\n Bitcoin’s plunge has triggered<\/a> millions in long liquidations, wiping out late buyers who had piled in with excessive leverage. The event, known as a long squeeze, unfolded as forced sell orders cascaded through the derivatives market, which collapsed open interest and dragged Binance’s cumulative net taker volume to -$1 billion.<\/p>\n While the violent move rattled sentiment, it also performed a structural “reset” – overextended positions were flushed, leverage was reduced, and weak hands were shaken out. This cleanup leaves the market leaner and less vulnerable to further forced selling, but experts stated<\/a> that with open interest reset and speculative froth drained, conditions now resemble a healthier foundation for upside.<\/p>\n The post Bitcoin’s Hidden Zone Exposed: Why $105K Matters More Than You Think<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\nWeak Hands Flushed?<\/h2>\n
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