Institutional Structure Update on Bitcoin

Current price action inside a massive distribution zone.
Key observations using volume + anchored structure:

Price rejected hard from the purple prior high-volume node (~98,000–100,000) — classic institutional distribution resistance

Multiple liquidity sweeps marked with "x" (green below, red above) — shows aggressive stop-hunting before continuation

ABS labels highlight absorption candles: high volume + low range = institutions defending levels
VWAP anchored from the Dec swing low is now heavily deviated (-11.64%) — deep extension, classic mean-reversion candidate

POC sits at 87,763 — price is now below it → bearish bias confirmed unless reclaimed
Confluence score currently 0 (no strong reversal signals yet)

Bias: Bearish until we see absorption + reclaim of POC or VWAP.
Watch zones:

First support: 84,000–85,000 (prior VA low + fib cluster)
Deeper target: 78,900–80,000 (next high-volume shelf)

Still early in the month — distribution phase looks intact.

Volume profile + anchored VWAP remain the cleanest way to read institutional intent here.

What are you seeing? Any key level I'm missing?

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