As Bitcoin (BTC) inches closer to the monumental $100,000 barrier, one might think it's all smooth sailing and bullish vibes. However, a closer look reveals that BTC could be more susceptible to negative news than you might expect.

This vulnerability is highlighted by the "order book skew ratio," which indicates a notable shift in market dynamics. Surprisingly, as Bitcoin approaches the six-digit milestone, buyer enthusiasm is waning. The skew ratio measures the balance between selling and buying pressure, and current data shows an increasing propensity for selling. This strain is particularly alarming, given that the three-day moving average of the 1% skew has recently reached levels not seen since 2022, primarily tracked by cryptocurrency prime broker FalconX.

While Bitcoin's price has surged from $68,000 to nearly $100,000 following the U.S. elections, this rally isn't supported by fresh buying interest. Instead, sellers now have the upper hand, making BTC susceptible to sharp corrections at the faintest hint of negative headlines.

FalconX notes in its latest newsletter, "As we near $100K, the skew approaches levels only witnessed a handful of times since 2022. Although this doesn't jeopardize the medium-term rally, breaking through that psychological $100K barrier might face considerable resistance."

In the last few days, Bitcoin's journey has hit a temporary snag. After reaching a high of $99,500 on Friday, the cryptocurrency's dominance rate—a measure of its market share—has seen a significant dip, plummeting from 61.5% to 59%. This drop signals a shift in capital away from Bitcoin towards alternative cryptocurrencies, further suggesting an impending price correction could be on the horizon.

Moreover, the overall market liquidity appears to be declining despite rising trading volumes. Liquidity, or the market's ability to absorb large trades without causing significant price fluctuations, is crucial during such pivotal price movements. As liquidity wanes, even a few large trades can trigger drastic price swings, which could make any potential correction or breakout exceedingly volatile.

In conclusion, while Bitcoin may seem like it's destined to break the $100K barrier, the foundation isn't as secure as it appears. Investors should brace themselves for possible turbulence as both optimistic and pessimistic sentiments play out in this uncertain market landscape. Are we poised for a monumental breakthrough or a major setback? Only time will tell! Keep your eyes on the news—this could get interesting!