Bitcoin Price Drop to $114K Possible as BTC Whales Take Profits Amid Market Volatility
(Bitcoin Price Drop to $114K) Bitcoin Faces Selling Pressure After Reaching All-Time High of $122,000
Bitcoin price drop to $114k because Bitcoin began the week strong, climbing to $122,000 before dropping 5%, falling to around $116,850 by Tuesday. This decline followed rejection at $120,000—the highest daily close ever and now critical resistance for Bitcoin bulls.
On shorter timeframes, BTC trades below its 20-period simple moving average, hinting at bearish momentum gaining strength recently. Technical traders note that a close beneath this moving average could accelerate selling pressure and drive prices lower.
Bitcoin price drop to $114,000, fueled by rising whale activity and aggressive profit-taking from long-term holders.
Key Takeaways:
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Whale deposits on Binance surge, raising volatility fears among traders watching for a deeper price correction.
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Profit-taking and on-chain signals suggest Bitcoin could revisit the CME futures gap near $114,400 soon.
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Traders monitor $120,000 resistance, $114,000 CME gap, and $108,000 support for potential bullish continuation.
Whale Activity on Binance Signals Increased Volatility and Sell-Side Pressure
CryptoQuant reported a sharp rise in the Binance Whale Activity Score following Bitcoin’s surge to record highs.
This metric tracks large holder movements on Binance, signaling that whales increasingly influence current price action significantly.
More than 1,800 BTC was deposited Monday, with $1 million+ transfers making up 35% of exchange inflows.
According to CryptoQuant analyst Crazzyblockk, this shows deliberate positioning by whales on crypto’s most liquid trading platform today.
He explained that whales may be securing profits or using deep liquidity to hedge during heightened market volatility.
“Either way,” he said, “heavy sell-side activity increases the likelihood of sharp price swings in upcoming trading sessions.”
Realized Profits Spike as Long-Term Holders Take Gains
Bitwise’s André Dragosch noted a significant jump in realized profits among long-term Bitcoin holders this week.
Historically, such behavior signals an overheated market phase and often precedes corrections in the broader crypto market cycle.
With 98% of Bitcoin supply in profit, conditions resemble past tops where price retracements followed extreme on-chain signals.
CME Gap Below $115,000 Could Act as Downside Target
Bitcoin’s recent rally left a CME futures gap between $114,380 and $115,630 that remains unfilled as of now.
Market gaps on CME often fill eventually, acting as magnet zones during high volatility or key macroeconomic events.
Traders now speculate that Bitcoin may revisit this gap during the release of new CPI inflation data.
Mikybull Crypto predicted on X that BTC could “fill the CME gap and then resume the rally upward.”
Meanwhile, MN Capital founder Michael van de Poppe sees a potential retracement as low as $108,000 temporarily.
“If BTC stays above $108K, the bullish trend continues—the broader bull market is still strong,” he said.
Final Thoughts: Bitcoin Price Drop to $114K Still in Play
Although Bitcoin remains in a macro uptrend, the near-term outlook suggests caution as whales lock in profits.
Whale activity, long-term holder exits, and an unfilled CME gap could pressure BTC below $115,000 temporarily.
If $114,000 breaks, eyes turn to $108,000 support, which could act as a last stand for bulls.
Until then, traders should monitor whale wallets, Binance inflows, and moving average behavior for trend confirmation.