Bitcoin Whales Slash BTC Prices After $107 500 Highs

The following are key points.

• Bitcoin closes the weekend CME gap but Bulls are struggling to bring BTC back up.

• Bitcoin Whales are selling at the local highest price.

• $100,000 in derivatives still hangs as a risk for traders.

BitcoinBTC( delivered a futures classic “gap fill” Wall Street opened on Tuesday and traders were demanding a bounce.

BTC prices suffer from new exchange sales

Data from Cointelegraph Markets Pro The following are some examples of how to get started: TradingView BTC prices dropped further, after reaching new highs in November near $107 500.

BTC/USD reversed downwards after the bulls failed to break through this key resistance area.

The pair has filled their latest weekend with fun. “gap” The Bitcoin Futures Market of the CME Group is currently trading at $104,000. As Cointelegraph reportedThese gaps can often be used to set short-term goals for BTC prices.

“Another gap closed within the first few trading days of the week. This has become an incredibly reliable and predictable pattern by now,” trader Daan Crypto Trades wrote in a response On X. 

“Most people are aware of this, so you’d assume at some point it would stop happening. Usually I’d agree, but this has been a high probability event for the past 4-5 years by now.”

Material Indicators warns that Bitcoin whales who sold their Bitcoins for $240m contributed to this decline.

FireCharts has revealed a $240M dump of the market in China. $BTC Order book

It is interesting to note that Brown Mega Whales account for only about $3M. pic.twitter.com/Bm2TqrMldx

— Material Indicators (@MI_Algos) November 11, 2025

“Some size sold into $104K price area & renewed short interest,” Skew the trader wrote on this subject.

“Pivotal price point here.”

Participants in the BTC market have previously described BTC support price targets that are now applicable, such as sub-$100,000 levels.

Bitcoin derivatives eye “strong buying opportunity”

Analysis revealed that traders were reducing their risk exposure as the price of derivatives fluctuated near the $100,000 level.

Related: ‘Most hated bull run ever?’ 5 things to know in Bitcoin this week

Open interest CryptoQuant, a blockchain analytics platform, revealed that (OI) dropped by 11% over a period of just one week.Quicktake” blog posts.

“The 11.32% drop in OI over 7 days is a sign that the market is eliminating speculative risk, which has historically been a precursor to recovery,” Contributor GugaOnChain writes. 

“While volatility may persist in the short term, the metric suggests that the market is consolidating on a more stable base, setting the stage for a subsequent rally and confirming the thesis that the current region represents a buying opportunity for long-term investor.”

This post stated that current events are deleveraging the currency. “signals a strong buying opportunity.” 

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.