Bitcoin News: Bitcoin Price Risks $105K Labor Day Crash as Whale Selling Pressure Mounts

Key Takeaways:Bitcoin trades under $108K as sellers dominate futures and spot markets despite dip-buying.Dormant whale wallets unloading BTC add downside risk, with liquidation heat maps showing $104K as a key target.Closed U.S. markets on Labor Day and weak ETF inflows leave BTC vulnerable to a sharper correction.Bitcoin under pressure as sellers overpower dip buyersBitcoin (BTC $107,799) is struggling to hold above $108,000, with traders bracing for a potential drop toward $105,000 as selling pressure intensifies.The U.S. Labor Day market holiday has thinned liquidity, amplifying volatility risks. Meanwhile, onchain data shows that long-dormant whale wallets have reemerged, unloading large tranches of BTC and converting proceeds into Ether (ETH $4,268).The selling pressure is reinforced by weaker inflows into U.S. spot Bitcoin ETFs and end-of-week declines in traditional markets, including the Dow, S&P 500, and Nasdaq, which weighed on investor sentiment.Whale selling meets technical weaknessData from Binance and Coinbase shows that perpetual futures selling continues to outpace spot buying, with the cumulative volume delta (CVD) highlighting aggressive selling from large trader cohorts.Retail buyers (holding between 100 and 10K BTC) are consistently buying dips, but heat maps suggest sellers still dominate the market structure.Liquidation data highlights $104,000 as the next major liquidity cluster, while bids are also visible at $105,000, $102,600, and $100,000 on exchange order books.Macro uncertainty weighs on sentimentBeyond whale activity, markets are reacting to U.S. President Donald Trump’s rhetoric on tariffs and efforts to influence the Federal Reserve, adding to volatility.While many traders expect the Fed to begin interest rate cuts in late September or October, short-term sentiment remains bearish.“Orderbook liquidity combined with BTC price weakness favors downside,” analysts at Hyblock Capital noted, adding that sellers continue to “overpower dip buyers” across spot and futures markets.