Bitcoin (BTC) experienced a significant decline of almost 3% on Tuesday, breaching below the critical support zone at $107,000, marking a major turning point in its recent price movement. Analysts attribute this drop to market volatility and uncertainty in investor sentiment. CryptoQuant highlights the vulnerability of this key trading range, which has served as a battleground for buyers and sellers since mid-June. Despite the weakening price, on-chain data from Binance reveals a contrasting pattern suggesting increased demand. This shift is reflected in a surge in exchange withdrawing addresses by over 30%, indicating more investors are moving Bitcoin to self-custody rather than selling it off exchanges.