"Analysis of the Reasons for the Rapid Fall of BTC in the Early Morning" — by @minara_ai

Quickly review market information using Minara

☛

✦ Core trigger reason for the fall: Ancient giant whales selling off in large quantities

One entity two addresses

Sold: 18,142 BTC ➢ Available for sale: 5,968 + 4,968 BTC

✦ Chain Reaction: Series of Liquidations Intensifies Price Fall

Over the last 24 hours, 130,000 people have been liquidated across the network, totaling $628M.

Maximum single liquidation: $12.49M (Pinpoint 109,892)

✦ Technical analysis: Key support test (1h)

Support level: $111,000-$112,000 range (tested)

Resistance level: $115,000-$116,000

✦ Market Outlook: Digesting Pressure VS Long-term Trend

Short-term risk: Leverage remains high, volatility will continue.

$107,796 is the next key support (if it falls below, it will trigger $1.149B long liquidation)

Mid-term opportunity: Historically, BTC performs weakly in September, but "Uptober" in October usually sees a rebound.

The expectation of interest rate cuts remains, and the loose liquidity will ultimately benefit BTC.