Bitcoin is trading at a critical support level after reaching a new all-time high of $124,500 before swiftly losing the $115K level in less than a week. The sudden reversal underscores the sharp rise in volatility, with bulls and bears locked in a battle for momentum. While some analysts argue that BTC could reclaim its highs in the coming days, others expect the market to cool off further, with consolidation potentially dragging the price into lower ranges.

Key insights from CryptoQuant analyst Maartunn reveal that Bitcoin just faced one of the heaviest loss-driven moves in weeks. Short-term holders (STHs) have been under pressure, with billions in BTC flowing into exchanges at a loss, signaling capitulation among speculative investors. Historically, such moments of intense selling eithe

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