Bitcoin fell to an 11-day low of $114,755, sparking debate on the end of the bull run. However, indicators suggest a temporary correction with potential to reclaim $120,000. The Bitcoin options skew metric climbed, indicating fear and past events show skew jumps create buying opportunities. Outflows from spot Bitcoin ETFs may not signal a significant market correction. Bitcoin top traders have not reduced long positions. Stablecoin demand in China reflects mild pressure to leave crypto markets. Overall, indicators point to $114,755 being the likely bottom of the correction.

Read more at Cointelegraph: Bitcoin Bottom At $114.7K Complete: Pro Traders Keep Buying