Kronos Research CIO Vincent Liu told COINOTAG that recent inflation data has intensified bearish sentiment in crypto markets, compounding pressure from large-scale Bitcoin whale sell-offs and consequent leveraged liquidations. He framed these dynamics as a near-term stress on market liquidity.
Liu identified a key psychological support for Bitcoin at $100,000 and placed Ethereum support near $4,000, cautioning that breaches could prompt further downside and broader liquidity tightening. He emphasized that a sustained multi-period decline would be necessary to confirm a genuine bear market.
On the macro side, Liu highlighted the upcoming non-farm payroll release as a potential volatility catalyst: a materially stronger jobs print could curb risk appetite and pressure crypto, while weaker employment data might restore demand and dampen volatility.
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Source: https://en.coinotag.com/breakingnews/vincent-liu-bitcoins-100000-psychological-support-under-threat-after-whale-sell-offs-as-inflation-deepens-bearish-sentiment/