Source: Cryptoquant
That increase was in conjunction with the BTC drop of $ 117K. At the beginning of the month, during the rally from September 7 to 15, the departures constantly exceeded the entries, supporting the upward impulse.
Source: Cryptoquant
Now, the opposite is true.
Tickets remain high while outputs remain silenced, so there is a short -term risk of a short -term risk unless the accumulation trends recover again.
Volatility risks of $ 190 million elimination elimination
Source: Cryptoquant
Binance only saw $ 16 million liquidated, so merchants were possibly in shock. At the time of publication, BTC recovered slightly at $ 113K, but the settlement scale shows a growing fragility.
Rapid disappointment often increases volatility, leaving Bitcoin vulnerable to an additional disadvantage if the sales pressure continues or more settlements are activated.
Key levels to see
Source: TrainingView
On the positive side, the immediate resistance sat about $ 114.3k in the 20 -day EMA, followed by $ 116K, where the recent breakdown began.
A break below $ 112K could open the road to $ 110K and beyond, while recovering $ 114k would reduce the downward pressure.
With high volatility, the next BTC movement depends on whether bulls can maintain the range of $ 112K-13K or risk another lower leg.
