Bitcoin experienced a 2.68% decline over the past week, driven by ongoing market volatility and sustained selling pressure. The cryptocurrency fell below the critical $110,000 support level but managed to recover by the weekend. The derivatives market saw over $2 billion in liquidations, with total futures positions decreasing to $77.1 billion. The market remains under pressure as long-term holders continue to sell off Bitcoin, raising concerns about whether the $124,000 cycle peak has been reached. The situation is expected to become clearer in the fourth quarter.