Bitcoin hits resistance at $100,000: $3.5 billion in funds fleeing, seasoned players are also starting to withdraw.

[Coin World] Bitcoin wants to surge back to $100,000? There are now two mountains blocking the way.

First, let's look at the institutions—ETF investors are frantically withdrawing, with capital outflows reaching a record high of $3.5 billion directly leaving the market. This is no small matter. What's more troublesome is that those old players who once held their coins tightly are also starting to loosen up. Their sell-offs have scared retail investors quite a bit, and panic is beginning to spread.

Analysts have pointed out: this round of decline is different from previous ones. In past cycles, similar pullbacks could often be quickly repaired, but this time, two waves of selling pressure have come together, making it difficult for the market to catch its breath.

To put it simply, don't expect the market to easily turn around before this wave of selling pressure is truly digested. Patience may be the scarcest trading strategy at the moment.