#Cryptonewsupdates $BTC drops to $116,000, breaking the level at $117,700. The next support is at $114,600. If that doesn't hold, we are leaving the ATH.
đ Despite the drop, bets on $BTC and $ETH remain high â longs are not being closed, traders are holding positions. It's possible that many bulls are already at a loss, but still hope for a rise.
đ In such a situation, there is a strong desire to open another short, but doing so at the highs is risky.
â ïž Estimated surplus â 400,000 BTC! Someone needs to buy such a volume to stabilize the market.
đ The average exit price on the spot is around $114,000, although it seemed that the unload was higher â at $120,000. It turned out that the market started dumping earlier.
âïž So why did the price soar so high? Probably to secure the buyback of the surplus, and for that, a decrease to $103,000 is needed, where the market can stabilize.
đ„ In such conditions, a "damper" may appear â someone who will powerfully crash the market, lik