According to @PANewsCN, BTC broke the $107,000 support after 130 days in a $107,000–$123,000 range and wicked to $98,000, triggering about $640 million in long liquidations, the second-largest daily long wipeout since June 2021, source: @PANewsCN citing CryptoQuant analyst CryptoOnchain. Dip buyers then lifted price back to $101,000, a psychological level that aligns with the base of the long-term ascending channel from October 2023, source: @PANewsCN citing CryptoQuant. The $101,000 level is pivotal for trade setups, with a hold framing the move as a deviation-style buy opportunity, while a daily close below would impair the bull market structure and elevate downside risk, source: @PANewsCN citing CryptoOnchain.