Bitcoin Volatility Warning as Key Support Level Tested
- Bitcoin may face high volatility if it falls below the $106,800 support level.
- Over 30,000 Bitcoin have been withdrawn from exchanges in the past month.
- The estimated leverage ratio is increasing, indicating higher market risk-taking.
- Bitcoin whales have realized $242.40 million in profits recently.
- Current average profits for Bitcoin traders stand at 27%.
If Bitcoin breaks below the $106,800 support level, increased volatility is expected. Meanwhile, significant withdrawals from exchanges and rising leverage ratios suggest heightened market activity and risk. Bitcoin is currently trading at $107,093.
Source (2.6)https://dailyhodl.com/2025/05/29/bitcoin-breakdown-below-this-support-level-could-set-off-increased-volatility-warns-crypto-analyst/?rand=59076
