What's that bearish nonsense?
$110 all down through to $108.5k has tons of liquidity for the market. This is obviously the target zone bears stubbornly try to hit.
On the other hand, there's tomorrow's expiry of CME futures at $117.4k , which i am curious about if "the gap" will be closed. It's not guaranteed, and it's a nice way to make money and/or get cheaper corn for market makers.
Bitcoin is being fucked by derivatives, but that doesn't change any of the fundamentals. Stay on the sideline (hodl) and buy when you can.