Bitcoin’s $105,000 Support Level: The Make-or-Break Line in the Sand

Bitcoin teeters on the edge as $105,000 becomes the critical battleground—slip below, and the correction gets real.

Why This Number Matters

That $105k isn't just another round number. It's the level traders are watching like hawks. Break it, and the sell-off could accelerate faster than a Wall Street bank cashing out before bad news hits.

Market Psychology at Play

Support levels act like financial fault lines. Hold, and confidence returns. Crack, and fear takes over. Everyone's waiting to see if Bitcoin's got the guts to hold the line.

Big Picture Realities

Even if it breaks, corrections are Bitcoin's way of shaking out weak hands—because nothing builds sustainable growth like a good old-fashioned panic among the over-leveraged.

Bitcoin Falls To $110,000 Amid Market Pullback

According to a CryptoQuant Quicktake post by contributor BorisD, Bitcoin’s current distribution phase could extend for several more days. Wallet accumulation and distribution patterns highlight stronger sell-offs among BTC whales, raising questions about short-term price stability.

For context, Bitcoin whales are individuals or entities that hold very large amounts of BTC, typically thousands of coins, giving them outsized influence on market trends. Their buying or selling activity can significantly move prices, making whale behavior a closely watched indicator for traders and analysts.

Interestingly, smaller wallet cohorts are showing different behavior. Wallets holding 0–0.1 BTC recently switched back to accumulation mode as the broader market declined. These smaller holders typically follow the price rather than set the trend. 

Wallets holding 0.1–1 BTC began accumulating even at ATH levels. This trend suggests retail investors remain confident in Bitcoin’s long-term trajectory.

On the other hand, wallets with 1–10 BTC halted their selling around the $107,000 level and returned to accumulation. This trend hints that mid-sized holders see current price levels as attractive buying opportunities, despite overall market weakness.

BTC Whales Continue To Sell

Larger holders are displaying more cautious behavior. Wallets with 10–100 BTC stopped accumulating at $118,000 and have since moved into distribution. 

BorisD pointed out that wallets with 100–1,000 BTC are the most important group to watch. While generally in accumulation mode, this cohort has shown a balance between buying and selling. The analyst added:

They have shown balance between accumulation and distribution since $105,000, reflecting indecision. This level acts as a critical support-turning zone.

Meanwhile, wallets with 1,000–10,000 BTC remain in consistent sell-off mode following the ATH of $124,474 reached on August 13. The largest wallets – holding more than 10,000 BTC – also began selling at those highs and continue to distribute. However, the pace of their selling has slowed as the price pulls back, indicating weakening distribution pressure.

The analyst emphasized that although distribution remains the dominant trend, its intensity is waning. The $105,000 support zone now stands out as the most crucial threshold. A decisive break below this level could shake market confidence and trigger widespread fear among investors.

Fellow CryptoQuant contributor, Julio Moreno, recently stated that the CryptoQuant Bull Score Index moved into neutral territory. However, it must trade over $112,000 to avoid a sharper price correction.

Another prominent crypto analyst, Tony “The Bull” Severino said that BTC’s path to $183,000 remains intact. At press time, BTC trades at $111,349, down 2.7% over the past 24 hours.