Bitcoin is entering a critical consolidation phase after a week of heightened volatility and selling pressure. Following its surge to a new all-time high of $124,500 just ten days ago, BTC has since retraced by more than 10%, now struggling to hold the $115K level as support. This pullback signals potential buying exhaustion, with analysts warning of a possible deeper correction if momentum fails to recover.

Market sentiment has shifted as traders weigh whether this retrace is a healthy cooldown or the beginning of a more sustained decline. Several experts highlight that price action below $115K suggests bulls are losing control of short-term momentum, raising the risk of further downside.

Adding to the pressure , Lookonchain data highlights the moves of a Bitcoin OG who has recently r

See Full Page