Bitcoin faced resistance in the area of the $109000 mark, which we wrote about on Monday. However, fundamentally, the market is showing signs of a growing liquidity shortage, with bitcoin's share of exchanges falling below 15%, its lowest level since 2018. Institutional interest is intensifying, as evidenced by record inflows into spot ETFs - more than $4.7 billion in 15 days. At the same time, OTC reserves are shrinking, confirming a strategy of long-term accumulation. Analysts are revising end-2025 targets toward $140,000-$200,000, citing the ongoing supply shortage syndrome. In addition, at the moment, the cryptocurrency is supported by the U.S. dollar, which is weakening against other assets.In the event of a renewed decline in bitcoin quotes, a significant zone of buyer activity may be found in the range: $99,000-102000.