As Bitcoin (BTC) approaches the $100,000 mark, it may seem stronger than ever; however, recent analysis reveals it is particularly vulnerable to negative news. Data from FalconX shows that the order book skew indicates a reduced bullish sentiment, leaving sellers in a dominant position. The three-day moving average of the 1% skew has reached levels not seen since 2022, suggesting that the bullish momentum, which has driven BTC's price up from $68,000, is waning. This lack of buying interest means that even minor negative news could trigger a significant price correction. Additionally, the overall market depth has weakened, indicating fewer large orders can stabilize prices. As BTC's dominance within the market declines, there are indications of fund rotations towards alternative cryptocurrencies, reinforcing the likelihood of a price correction. FalconX notes that this situation could lead to a sharp market reaction, regardless of whether the price eventually breaks above or falls below the $100,000 level.

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