The post Bitcoin Flashes Warning Signs as Whale Supply Hits 2018 Lows appeared on BitcoinEthereumNews.com. Bitcoin faces repeated resistance rejections, raising risks of a pullback near $107,200 Whale supply per holder drops to 2018 levels, signaling redistribution and reduced control Correction depth stays within norms, with 12% decline aligning to past bull market patterns Bitcoin continues to test critical levels while showing signs of exhaustion at resistance. The world’s largest cryptocurrency traded at $111,018 as of press time, up 0.63% in the past 24 hours.  Its market capitalization now stands above $2.21 trillion, with trading volumes surpassing $47 billion. Yet beneath the surface, technical signals and on-chain metrics highlight growing challenges that could determine the next major move. Rejection Signals from Key Resistance Analyst Ali Martinez observed that Bitcoin recently touched the upper boundary of a descending channel near $110,700. This level has emerged as firm resistance, with multiple wicks forming at the boundary.  The repeated rejections suggest that buyers are struggling to gain momentum. Consequently, a pullback toward $107,200 appears likely. A deeper decline could even send the price closer to $103,000, making the current range crucial for near-term direction. Bitcoin $BTC recently touched the channel’s upper boundary around $110,700, which now acts as resistance. Multiple wicks at this level signal rejection, raising the risk of a move back toward $107,200 or even $103,000. pic.twitter.com/U7ajA1O4Z1 — Ali (@ali_charts) September 3, 2025 Related: Three Reasons Bitcoin Could Reach $200K by Late 2025 Whale Supply Decline Mirrors 2018 Levels Besides technical rejection, supply distribution trends raise additional concerns. Glassnode data shows that the average Bitcoin supply per whale, representing holders with 100–10,000 BTC, has steadily dropped since November 2024.  The average now sits at just 488 BTC per whale, a level last seen in December 2018. Significantly, this decline contrasts with Bitcoin’s resilient price action above $60,000 in recent months. This signals redistribution, where whales appear… The post Bitcoin Flashes Warning Signs as Whale Supply Hits 2018 Lows appeared on BitcoinEthereumNews.com. Bitcoin faces repeated resistance rejections, raising risks of a pullback near $107,200 Whale supply per holder drops to 2018 levels, signaling redistribution and reduced control Correction depth stays within norms, with 12% decline aligning to past bull market patterns Bitcoin continues to test critical levels while showing signs of exhaustion at resistance. The world’s largest cryptocurrency traded at $111,018 as of press time, up 0.63% in the past 24 hours.  Its market capitalization now stands above $2.21 trillion, with trading volumes surpassing $47 billion. Yet beneath the surface, technical signals and on-chain metrics highlight growing challenges that could determine the next major move. Rejection Signals from Key Resistance Analyst Ali Martinez observed that Bitcoin recently touched the upper boundary of a descending channel near $110,700. This level has emerged as firm resistance, with multiple wicks forming at the boundary.  The repeated rejections suggest that buyers are struggling to gain momentum. Consequently, a pullback toward $107,200 appears likely. A deeper decline could even send the price closer to $103,000, making the current range crucial for near-term direction. Bitcoin $BTC recently touched the channel’s upper boundary around $110,700, which now acts as resistance. Multiple wicks at this level signal rejection, raising the risk of a move back toward $107,200 or even $103,000. pic.twitter.com/U7ajA1O4Z1 — Ali (@ali_charts) September 3, 2025 Related: Three Reasons Bitcoin Could Reach $200K by Late 2025 Whale Supply Decline Mirrors 2018 Levels Besides technical rejection, supply distribution trends raise additional concerns. Glassnode data shows that the average Bitcoin supply per whale, representing holders with 100–10,000 BTC, has steadily dropped since November 2024.  The average now sits at just 488 BTC per whale, a level last seen in December 2018. Significantly, this decline contrasts with Bitcoin’s resilient price action above $60,000 in recent months. This signals redistribution, where whales appear…