Key Takeaways
- With a 2.25% dip, Bitcoin (BTC) is now close to the key support level of $100,000 — a make-or-break zone.
- The current price action suggests that a major BTC decline would only be possible if the asset breaches this key support; if it does, BTC could fall to $91,000.
- Whale and institutional activity reinforce Bitcoin’s bearish outlook, suggesting that BTC is poised to continue its downward momentum.
The risk of a Bitcoin (BTC) crash is rising after today’s dip pushed the asset close to a key support level at $100,000. Beyond the technical outlook, whales’ activity and traders’ current participation also support BTC’s bearish sentiment, suggesting a major price correction could be on the horizon.
Bitcoin (BTC) Current Price Momentum
According to the latest TradingView data, Bitcoin’s price has dropped by 2.25% today and is currently trading near the $101,420 level. This decline, along with the risk of further downward momentum, has reduced market participation, as reflected in BTC’s trading volume, which has plummeted by 42% to $60.90 billion.
Also Read: Why is Crypto Down Today? BTC, ETH, and XRP Plunges
Whales and Institutions ActivitiesÂ
Whales and institutional activity have fueled Bitcoin’s dip today. According to crypto transaction tracker Onchain Lens, the asset management giant BlackRock has dumped 4,652.87 BTC worth $478.51 million on Coinglass.
Meanwhile, a newly created wallet was found depositing $7 million into Hyperliquid and opening 20x short positions on 888.88 BTC worth $91.46 million, currently holding an impressive profit of $75.99K.
Additionally, American investors have been withdrawing funds from spot Bitcoin ETFs (Exchange-Traded Funds). According to the on-chain analytics platform SoSoValue, spot Bitcoin ETFs have recorded six consecutive days of outflows since October 29, 2025. During this period, spot Bitcoin ETFs have registered total outflows of over $2.052 billion.
These activities by whales and institutions raise questions about whether this is an ideal time to sell BTC holdings or just a normal correction before the next leg up.
Bitcoin Price Action and Technical Analysis
According to TimesCrypto’s technical analysis, Bitcoin’s daily chart shows strong selling pressure as the asset approaches a key support level at $100,000, which has a strong history of price reversals.
Since May 2025, Bitcoin’s price has tested this level or moved near it more than five times, and each time it has witnessed a reversal — a scenario that could repeat if BTC manages to hold above the $100K level.
However, if the downward momentum persists and BTC breaches the key support level, closing a daily candle below $100K, it could face a sharp 8.80% price drop, potentially reaching $91,000.
At press, Bitcoin’s CMF (Chaikin Money Flow) value reaches -0.13, indicating a rise in selling pressure and capital outflow from the market.
When combining BTC’s price action with whale, investor, and institutional activity, it appears that bears are currently dominating the asset, which is poised to continue its downward move.
