- Bitcoin trades at $108,367, with $107K support under threat and a CME gap at $92K–$96K drawing market focus.
- Short term holders now face losses, as recent cost bases between $107K and $115K leave investors underwater.
- Over 200 insider stock sales last week add pressure, aligning with crypto weakness and Bitcoin’s fragile market structure.
Bitcoin trades at $108,367 after slipping below the $112,000 consolidation floor, raising concerns of further downside pressure in the coming weeks. According to market analyst Doctor Profit, the cryptocurrency already dropped 8% since peaking near $116,000, where he began scaling into short positions. He warned that September could deliver sharper losses, with current market conditions showing denial rather than capitulation.
Short Term Holders Already in Losses
The analyst noted that wallets holding Bitcoin between one to six months are underwater. Cost bases are at $115,600 for a month holders, $113,600 for three month holders, and about $107,000 for six month holders.
Bitcoin trades beneath all these levels, which means recent buyers are already in the red. However, he stressed that fear remains absent, as unrealized loss sits near 0.5%, far from the 30% levels seen during major corrections.
$107K Support Under Strain
Attention is on the $107,000–$108,900 zone, described as the final strong line before heavier declines unfold. If this support fails, predictions suggest Bitcoin could slide toward the $90,000–$95,000 range.
The CME futures gap around $92,000–$96,000 also is in focus, acting as a liquidity pool that often attracts price. At the same time, the $112,000 level now acts as resistance, adding to downside pressure unless reclaimed decisively.
Broader Market Selling Raises Concerns
Stock market activity also aligns with these warnings. Last week, more than 200 insider trades were reported, with none marked as a buy. Every trade was a sale, raising questions about institutional sentiment.
Analysts note that if corporate insiders continue unloading equities, the wave of selling could spill into crypto markets. This overlap, combined with Bitcoin’s fragile technical structure, strengthens the case for additional downside.
From March through August, retail activity showed similar patterns. Earlier sell offs around local bottoms coincided with rebounds, but recent entries at $120,000–$124,000 met strong resistance.
These positions weakened quickly, driving price lower. Now, with short term holders trapped at higher levels, analysts argue the market could be pushed toward panic selling.
