Bitcoin Price Correction Looms as Whales Dump BTC and CME Gap Targets $114K

Overview: BTC Faces Increased Sell Pressure

Bitcoin (BTC) is under pressure this week, slipping from a new all-time high of $122,000 to $116,850, down over 5%. The selloff is fueled by profit-taking from long-term holders and a surge in whale activity on Binance, raising concerns about a potential deeper correction.

Technical signals and historical patterns suggest that Bitcoin may fall further — with eyes on a CME futures gap near $114,000 and a possible support test at $108,000.

BTC/USD daily chart. Source: TradingView

Related: Bitcoin Price Dips Toward Range Lows, But Whales Are Increasing Activity

Whale Activity on Binance Signals Risk

Data from CryptoQuant reveals a sharp spike in the Binance Whale Activity Score, indicating that large BTC holders are actively moving funds into the exchange.

• Whales deposited over 1,800 BTC on Monday alone

• Transactions above $1 million represented more than 35% of total Bitcoin inflows

• These large-scale moves imply profit-taking or preparation for volatility-driven trades

“This concentrated activity on the most liquid trading platform increases the likelihood of sharp price swings,” said CryptoQuant analyst Crazzyblockk.

Bitcoin whale activity score. Source: CryptoQuant

Long-Term Holders Realize Gains

According to Bitwise European research head André Dragosch, long-term Bitcoin holders are also cashing out. Metrics show a notable uptick in realized profits, with 98% of BTC supply currently in profit.

Historically, such levels of realized gain precede significant market pullbacks, as investors take advantage of high prices to lock in returns.

Bitcoin: Exchange Inflow by Value Bands. Source: CryptoQuant

CME Gap at $114K: A Technical Magnet?

Traders are now closely monitoring the CME Bitcoin Futures gap between $114,380 and $115,630, formed during the recent price rally.

• Gaps in CME futures are often “filled” as price returns to untraded levels

• BTC may be magnetized toward this level, especially during key events like CPI data releases

“We’ll probably fill the CME gap during the CPI release and resume the uptrend,” noted Mikybull Crypto on X.

However, some analysts see the potential for an even deeper pullback. Michael van de Poppe, founder of MN Capital, believes BTC could dip as low as $108,000 without invalidating the overall bullish trend.

Bitcoin CME gap chart. Source: Cointelegraph/TradingView

Key Levels to Watch

• $120,000 – Previous all-time high rejection level

• $115,000 – $114,000 – CME futures gap zone likely to attract price

• $108,000 – Critical support level; uptrend remains intact above this zone

Final Thoughts

Despite recent bearish momentum, Bitcoin remains in a broader bull cycle. However, the combination of whale deposits, long-term profit-taking, and unfilled CME gaps presents a clear risk of further short-term downside.

Traders should watch for a reaction around $114K–$115K, with the $108K level serving as a key support line. Market volatility is likely to remain elevated ahead of economic catalysts like the CPI report.

Related: Bitcoin Price Forecast: BTC May Hit $135K Before Major Correction, Analysts Say