Bitcoin (BTC) faces resistance as traders fear a 10% correction. Data suggests institutional rotation from BTC to Ether ETPs is over, while Bitcoin whales sell, possibly bringing back the 2022 bear market. Binance is under scrutiny over a potential BTC price top warning, with concerns of sub-$100,000 prices.

BTC price action remains below $112,000, a key target for traders. Analysts flag $106,700 as an important downside level. Speculation is focused on how low BTC/USD could drop, with potential targets at $100,000 and $87,000. Attention also turns to the upcoming CPI week and Federal Reserve interest-rate cut.

Institutional capital rotation from Bitcoin to Ether appears to be cooling, with Bitcoin ETPs seeing inflows while Ether ETPs experience outflows. US spot Bitcoin ETFs gain around $250 million, while Ether ETFs see net outflows exceeding $750 million. Whale investors are reducing their BTC exposure, signaling risk aversion.

The Bitcoin futures market on Binance is facing liquidity issues, with the Taker Buy/Sell Ratio raising concern for a potential market correction. The ratio is making lower lows while the price expands, reminiscent of the 2021 bull market peak. Weak liquidity could signal a serious situation if not recovered.

Read more at CoinTelegraph: Here’s 5 Things Bitcoin Traders Are Talking About This Week