Bitcoin Eyes $100K Amid Mixed Signals: Institutional Selling vs. Fiat Weakness
Traders are watching Bitcoin closely for a push to $100K, but the Coinbase Premium has collapsed to bear-market lows, signaling aggressive US institutional selling even as structural fiat weakness underpins the bull case.
What we know
Multiple traders are eyeing a $100K BTC print: An account on X called for 'one candle to 100k' and flagged a large fund being liquidated as a bullish clearing event (link). Another account on X argues Bitcoin rises because every fiat is 'cracking.' However, another account on X also retweets a warning that the Coinbase Premium has fallen to bear-market-low levels, suggesting US institutions are selling aggressively. Another account on X asks whether a short squeeze is imminent, while another account on X hedges with a 10X STRC short on HyperLiquid. Another account on X warns this week is the last accumulation window before a year-end bull run.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.