Despite growing ownership rates, most Americans view cryptocurrency as a risky investment, with 64% of U.S. investors considering it "very risky."
The decision to invest in bitcoin was driven by the depreciation of fiat currencies, rising global financial uncertainty, and a desire to diversify its asset portfolio.
Bitcoin remains above $118,000 after achieving a $1 trillion realized market cap, a key milestone reflecting its growing role in the global financial system.
Providing fresh market insight on X, Cryptowzrd revealed that Chainlink ended the session on a bullish note, with signs pointing to further upside pressure. As LINKBTC gains momentum and Bitcoin’s dominance trend declines, the setup appears promising. Cryptowzrd noted he will be monitoring the intraday chart closely for the next scalp opportunity, particularly if LINK breaks above the intraday lower high trendline. Bitcoin Dominance Weakens: A Catalyst For Chainlink’s Surge According to Cryptowzrd, both LINK’s daily candle and the LINKBTC pair ended the day on a bullish note. This positive price action is drawing attention to the potential for further upside movement. Cryptowzrd emphasized that continued strength in LINKBTC, especially if fueled by ongoing weakness in Bitcoin Dominance, could help LINK gain significant bullish momentum from its current levels. Related Reading: Chainlink Sees Heavy Accumulation – Whales Add 8M LINK In One Month Looking ahead, the next major resistance target for LINK is set at $20. Cryptowzrd suggested that a firm hold above this level could act as a catalyst for a stronger rally toward higher resistance levels, possibly reaching $30 and beyond. The speed at which this move might unfold was another key point highlighted by Cryptowzrd. He expects that once LINK clears the $20 hurdle, the rally could accelerate rapidly, driven by increased bullish pressure and technical confirmation across multiple timeframes. While the outlook is bullish, Cryptowzrd also pointed out an important support zone to watch. The $16 level has been identified as the main daily support target. Holding above this area will be crucial to maintaining the current bullish structure and preventing any deeper pullbacks. Overall, Cryptowzrd’s analysis suggests that Chainlink is positioned for a potential breakout phase, with $20 acting as the immediate resistance to watch. If Bitcoin Dominance continues to weaken and LINKBTC remains strong, traders could see a swift and powerful rally unfold in the days ahead. Volatility Vs. Patience: Navigating LINK’s Weekend Setup Concluding his analysis, Cryptowzrd noted that LINK’s intraday chart experienced significant volatility in the last 24 hours, reflecting an uncertain short-term outlook. He expects this choppy price action to continue, but due to the lower trading activity typically seen over the weekend, his expectations remain rational. Related Reading: Chainlink Bullish Trigger: Why $16 Holds The Key To The Next Rally The key level to watch is $18.40, which serves as an intraday resistance target. According to Cryptowzrd, if Chainlink holds above this level, it could trigger a long setup aiming for a move toward $19.80 or higher in the near term. However, if LINK remains below $18.40, Cryptowzrd expects the price to stay range-bound with continued sideways movement over the weekend. Featured image from Shutterstock, chart from Tradingview.com
Bitcoin faced renewed volatility after a minor pullback interrupted two weeks of tight consolidation just below its all-time high of $123,000. The price briefly dipped near the $115,000 support level but has already begun to recover, signaling that bullish momentum remains intact despite recent selling pressure. Market participants appear to be reacting calmly, with strong demand quickly absorbing the dip. Related Reading: Bitcoin Pullback Remains Within Normal Volatility Range: Drawdown Analysis Shows No Signs Of Panic According to fresh data from CryptoQuant, today’s price movement coincides with a significant increase in open interest across major exchanges. Binance, Bybit, and Gate all recorded sharp spikes in open interest within the last 24 hours, suggesting that traders are positioning aggressively. Notably, these exchanges were among the recipients of large Bitcoin transfers earlier in the day, likely tied to institutional or whale activity. This alignment of price recovery and rising open interest hints at a shift in sentiment. Short-term traders are re-entering the market, while bulls appear ready to defend key levels. As volatility picks up, Bitcoin’s ability to hold and reclaim recent support will determine whether it resumes its upward march or remains range-bound. The coming days could be critical for setting the tone of the next leg in Bitcoin’s price action. Rising Open Interest Signals Growing Volatility According to Julio Moreno, CryptoQuant’s head of research, over the last 24 hours, open interest surged by approximately $4 billion, indicating that leveraged positions—particularly shorts—have entered the market in large numbers. This spike coincided with significant Bitcoin transfers to major exchanges like Binance and Bybit, which received a substantial portion of today’s large-volume transactions. These developments suggest increased speculative activity as traders anticipate further price movement. The inflow of coins to exchanges, combined with rising open interest, typically signals upcoming volatility. Short sellers appear to be betting on continued downside, but with Bitcoin already recovering from its recent $115,000 dip, this could lead to a short squeeze if momentum shifts back in favor of the bulls. This market shift comes as Ethereum and altcoins show notable strength. Since May, Ethereum has consistently outperformed Bitcoin, aided by institutional accumulation and clearer regulatory signals in the US. As ETH leads the altcoin rally, investors are watching closely to see whether capital rotation from BTC into altcoins continues. Related Reading: Ethereum Whales Accumulate Over $4.1B In ETH In Two Weeks – Details Bitcoin Holds Key Support After Minor Pullback The daily Bitcoin chart shows that BTC remains in a bullish structure despite recent volatility. After briefly consolidating near the $122,000 resistance zone and reaching an all-time high just above that level, the price retraced toward the $115,700–$117,000 support band. This zone, marked by the horizontal yellow range, also aligns closely with the 50-day simple moving average (SMA), currently at $117,593.23, reinforcing its role as a strong technical support. The overall uptrend that started in early May remains intact, with higher highs and higher lows clearly visible on the chart. Notably, BTC continues to trade well above the 100-day (green) and 200-day (red) SMAs, which sit at $112,547.95 and $109,436.38, respectively. These levels serve as deeper support zones if selling pressure intensifies. Volume has increased slightly on red candles, indicating some sell pressure, but there is no sign of panic. As long as BTC holds above the $115,700 level, bulls maintain the advantage. A breakout above $122,000 would signal trend continuation and could open the path to new highs. Featured image from Dall-E, chart from TradingView
Bitcoin’s quiet rally has captured the attention of Wall Street and beyond, but some voices from OG Bitcoiners like American HODL are predicting that what we’ve witnessed so far is just the calm before an explosive storm. The Bitcoin treasury bubble thesis The Bitcoin treasury bubble thesis is that, within just a few years, a […]
The post The coming Bitcoin treasury bubble could rival the dot-com era with $11T of capital chasing BTC appeared first on CryptoSlate.
El Salvador’s Bitcoin journey is facing fresh doubts. The government says it’s still buying BTC every day, but the IMF disagrees. This raises questions about how much Bitcoin is really helping and if the country’s original crypto vision is starting to fade. Locals Still Use BTC in Berlin In the mountain town of Berlin, El …
A $1-million Bitcoin would upend global finance, reshaping wealth, inflation, energy markets and the very role of fiat currencies.
The number of public companies holding at least 1,000 BTC has risen steadily in 2025, from 24 in Q1 to 30 in Q2, reaching 35 and counting in Q3. This growth signals increasing institutional adoption of Bitcoin as a treasury asset and store of value. These companies now collectively hold over $116 billion in BTC, …
Bitcoin has jumped more than 170% from its launch‑month price around $45,000 to about $123,000 earlier this month. Related Reading: Crypto’s Golden Rule Just Got Broken, According To Analyst Based on reports from Citi, the bank has laid out three scenarios for where the price might land by year‑end 2025. These range from a low of $64,000 in a weak market to a bull case of $199,000 if everything goes right. ETF Flows Take Center Stage In Bitcoin Uptrend According to Citi analysts, spot Bitcoin ETFs now explain over 40% of the recent price swings. Since their debut, US ETFs have snapped up about $54.66 billion worth of Bitcoin. That buying power helped drive BTC from roughly $45,000 to $123,000 in just a few months. The bank’s base case assumes another $15 billion in ETF inflows this year. At the ratio they’ve modeled—about $4 of price per $1 of flow—that would add around $63,000 to Bitcoin’s value. ???? Bitcoin Could Surge to $199K by Year-End, Says Citi Citigroup has released a new forecast projecting Bitcoin to reach $135,000 by the end of 2025 in its base-case scenario. The bullish case estimates a potential rise to $199,000, while the bearish outlook places the… pic.twitter.com/3Kp1o8OGsn — The Tradesman (@The_Tradesman1) July 26, 2025 User Growth Fuels Network Effects Based on figures from trading desks and on‑chain metrics, Citi expects a 20% rise in active Bitcoin users over the next year. That jump in adoption would support roughly $75,000 of price strength on its own. The idea is simple. More users mean more hands holding and trading Bitcoin. That activity tends to make prices less prone to sudden drops. Still, forecasts like this rest on the assumption that new users stick around rather than flipping coins for quick gains. Macroeconomic Factors Cut Forecast Slightly Citi’s model also factors in weaker performance in equities and gold, trimming the price by about $3,200. That adjustment reflects a view that if stock and metal markets struggle, Bitcoin won’t fully decouple from broader risk assets. At the same time, growing regulatory approval and deeper links between crypto and traditional finance should offer some support. ETF Demand Could Lift Bitcoin By $63,000 In the base‑case scenario, Citi adds the $63,000 from ETF flows to the $75,000 from user growth, then subtracts $3,200 for macro headwinds. That math lands the price at about $135,000 in 2025. That figure is only $12,000 above the recent peak of $123,000. It suggests Citi sees more upside but not a runaway rally—at least not in the base case. Related Reading: The US Is A Bitcoin Whale—Arkham Clarifies BTC Holdings After Brief Panic A Bull Case Of $199,000 Remains On The Table If ETFs keep pouring in far more than $15 billion and user growth exceeds 20%, Bitcoin could climb to $199,000 under Citi’s bull case. Conversely, a drop to $64,000 is possible if macro conditions sour sharply. Globally, ETFs now hold around 1.48 million BTC, worth over $170 billion—about 7% of the total supply. That level of institutional backing is unprecedented. It shifts Bitcoin’s fate more toward big‑money flows than pure retail hype. Featured image from Pexels, chart from TradingView
Bitcoin looks to be on the verge of a breakdown after rallying to $123,000 all-time highs earlier in the month. This reversal has taken the market by surprise, with the altcoin market, once again, bearing the brunt of the losses. Now, as the Bitcoin price reaches an important level, the questions of whether this is the start of a bear trend or if there will be a bounce in price have become more urgent. Bitcoin Trends Low After New Highs After the reversal back into the $117,000 levels, crypto analyst TehThomas has published an analysis outlining the current Bitcoin price trend and where it could be headed next. So far, the analyst explains that Bitcoin is still trading in a well-defined trend after being rejected from the upper resistance zone at $120,000 multiple times. However, there is still a lot of bite from its support levels below, which could be its saving grace. Related Reading: Cup And Saucer Pattern Says XRP Price Rally Is Not Done As the analyst explains, the fact that the support continues to hold shows that there is still a lot of buying going on for Bitcoin. This puts the support very tight around this area, but also makes it a dangerous territory for the bulls. It is possible that there is a sweep back to these lows, and Thomas explains that such a move would engineer sell-side liquidity. There is also a Fair Value Gap (FVG) at the $121,000 level, which continues to be defended. This is where most of the resistance has come from, pushing the price back below $118,000 multiple times already. Thus, this FVG is the next level to reclaim in the campaign for new highs. Bouncing Back From Lows If the sweep back toward the lows is completed, it is not entirely bearish for the Bitcoin price and could, in fact, be the move that helps to trigger the next wave of uptrend. The analyst explains that buyers would have to step back in at this level, with support sitting firmly at $116,000. This accumulation during consolidation would be inherently bullish. Related Reading: Tether Investments Extend Beyond Bitcoin Amid Record Profits — Details Looking back at the FVG, the analyst explains that it could act as a magnet if the price begins to rise again. Nevertheless, all of this depends on the Bitcoin price dipping back to support and then bouncing off again. The sweep of liquidity at the lows and the bounce would offer confirmation that the price is going to keep trending upward. However, there is still the possibility of a price breakdown from here. Thomas points to an invalidation of the bullish thesis if support at $116,000 fails to hold and there is no immediate recovery. “Bitcoin remains locked in a clear range, and until the breakout happens, the edges of that range offer the best trading opportunities,” the analyst explained. Featured image from Dall.E, chart from TradingView.com
The IBCI index, which tracks Bitcoin’s market cycles, has entered the “distribution zone” for the first time in five months—a range often linked to market excitement and possible price tops. This is the third time it’s reached this zone during the current bull run, but only at its lower boundary (80%), well below major peaks …
Crypto markets used to move four-year cycles, driven by Bitcoin halving, interest rates, and major industry crashes. However, industry experts now note that these patterns have been fading and new forces are starting to shape the market. Is the 4-Year Cycle Breaking Down? Bitcoin recently broke above new all-time highs and surged past $123K. Bitcoin …
U.S. Senator Cynthia Lummis has called Bitcoin “freedom money,” praising it as a hedge against inflation and a tool for financial independence. Her remarks come amid growing interest in Bitcoin as a stable store of value, especially during times of economic turbulence. Bitcoin as a Lifeline in Tough Times Appearing on Fox Business, Senator Lummis …
Galaxy Digital Inc. (NASDAQ: GLXY), a financial investment firm focused on the crypto market, has announced the completion of the sale of one of the largest Bitcoin (BTC) troves in history. According to the announcement on Friday, July 25, Galaxy Digital finalized the sale of more than 80k BTC, worth over $9 billion based on …
Galaxy said the long-dormant wallet sold 80,000 BTC through the asset manager as part of the investor's estate planning.
DigitalX Limited, an Australian digital Investment manager, has made headlines with a new Bitcoin (BTC) acquisition, signaling renewed institutional confidence in the market. The ASX-listed crypto fund manager has expanded its Bitcoin treasury by a whopping 74.7 BTC, marking a significant addition to its already existing holdings. DigitalX Buys 74.7 BTC In a recent X social media post on July 23, DigitalX confirmed the addition of 74.7 BTC to its treasury. The acquisition, completed at an average price of $117,293 per BTC, reflects the company’s ongoing commitment to its Bitcoin-led strategy. This latest purchase has raised the crypto fund manager’s total Bitcoin holdings to 499.8 BTC, valued at approximately $91.3 million. Related Reading: Elon Musk’s SpaceX Moves Bitcoin Holdings For The First Time In 3 Years, Here’s Where It Went Notably, the company also announced and expanded on the details of this large-scale Bitcoin purchase in an official statement on Investorhub. Of its total 499.8 BTC holdings, 306.8 BTC are held directly by DigitalX, while the remaining 193 coins are held indirectly through 881,000 units in its ASX-listed Bitcoin ETF, BTXX. The recent addition of 74.7 Bitcoin follows an earlier acquisition of 57.5 BTC disclosed by the company on July 18, 2025. These back-to-back purchases demonstrate a continued reallocation of DigitalX’s digital asset treasury toward Bitcoin. The firm’s total treasury, excluding cash, now exceeds $104.4 million. As part of its long-term crypto strategy, DigitalX’s targeted portfolio adjustment reinforces its role as a leading institutional-grade Bitcoin investment vehicle on the Australian Securities Exchange. The crypto fund manager highlights its latest acquisition as a key step in its ongoing effort to establish Bitcoin as its core treasury reserve asset. Shareholder Focus Sharpens As Bitcoin Treasury Value Rises According to its official statement, DigitalX’s strategy goes beyond simply growing its BTC reserve. It also aims to enhance shareholder value through consistent and transparent reporting. The crypto fund manager now tracks its Bitcoin holdings per share in Satoshis (Sats), the smallest unit of BTC. Related Reading: Hold On For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High As of the latest update, DigitalX’s BTC per share stands at 33.88 Sats, marking a 58% increase in its Bitcoin treasury value since June 30, 2025. This figure reflects the impact of recent acquisitions and provides a somewhat measurable benchmark for investors assessing exposure to the company’s considerable portfolio. By prioritizing Bitcoin accumulation and optimizing its treasury structure, DigitalX continues to position itself as a prominent crypto-centric firm—one that views shareholder value as directly tied to the strength and growth of its BTC holdings. The company is also doubling down on its long-term vision of leveraging the flagship cryptocurrency as a strategic financial foundation. Leigh Travers, former CEO and present Non-Executive Chairman of DigitalX, reaffirmed the company’s commitment to its digital asset goals, stating that it aims to steadily grow its BTC portfolio throughout the year and well into the future. Featured image from Pixabay, chart from Tradingview.com
Bitcoin hovers near $117K after Galaxy confirmed a $9B sale of 80K BTC for a Satoshi-era investor, one of the largest exits ever.
The post Bitcoin climbs to $117K after Galaxy completes 80K BTC sale for early whale appeared first on Crypto Briefing.
Tesla's premature Bitcoin sale highlights the risks of market timing and the potential financial impact of strategic asset management decisions.
The post Tesla misses out on massive Bitcoin gains after selling at $20K appeared first on Crypto Briefing.
Bitcoin's dominance lost a key level, and confirmation could ignite a broader altcoin season, a Coinbase analyst noted.
Data shows the Bitcoin Open Interest shot up to a new all-time high (ATH) even as the cryptocurrency’s price saw a retrace to $115,000. Bitcoin Open Interest Has Gone Against The Price Trend As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Open Interest has witnessed a sharp surge alongside the latest decline in the price. The “Open Interest” here refers to an indicator that measures the total amount of positions related to BTC (in USD) that are currently open on all centralized derivatives exchanges. Related Reading: This Bitcoin Metric Often Flags Turning Points—What’s It Saying Now? When the value of this metric rises, it means the investors are opening up fresh positions on the market. Generally, the total leverage in the sector goes up when new positions appear, so this kind of trend can lead to more volatility for the cryptocurrency. On the other hand, the indicator going down suggests the holders are either closing up positions of their own volition or getting liquidated by their platform. Whatever the case be, the asset’s price can behave in a more stable manner after such a trend. Now, here is a chart that shows how the value of the Bitcoin Open Interest has changed over the last month: As displayed in the above graph, the Bitcoin Open Interest rose to a high value earlier in the month when the asset’s rally to the new all-time high (ATH) took place. This wasn’t anything unusual, as speculation tends to flood in during periods of exciting price action. As BTC retraced from its peak and settled into a phase of boring consolidation, the metric’s value calmed down a bit. Now, the coin has finally diverged from this sideways movement, showing a downwards move. Interestingly, the Open Interest has rocketed up alongside this price plunge and set a new record around $44.5 billion. From the chart, it’s visible that price declines usually accompany drawdowns in the indicator, as longs find liquidation. “It’s unusual for BTC price direction and open interest to move in a negative correlation,” notes the quant. Related Reading: Crypto Liquidations Near $1 Billion As XRP, Dogecoin Crash 10% The spike in the metric could suggest some longs have decided to double down on their bets and some speculators have jumped in to get their shorts in, expecting the downtrend to continue. As mentioned before, an increase in the metric can amplify price volatility. This happens because the chances of a mass liquidation event taking place go up during such conditions. It now remains to be seen how this Open Interest increase would unwind this time around and whether a long squeeze or a short one would take place. BTC Price Bitcoin saw a brief dip under $115,000 earlier, but its price has since retraced a bit as it’s back at $116,000. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin’s long-standing four-year cycle, once a dominant framework for predicting price movements, is beginning to lose its influence, according to Bitwise CIO Matt Hougan. In a July 25 post on X, Hougan pointed out that the maturing nature of the crypto market, coupled with rising institutional involvement, is weakening the forces that historically shaped Bitcoin’s […]
The post Bitcoin’s four-year cycle loses grip as maturing market reshapes dynamics appeared first on CryptoSlate.
Galaxy Digital moved nearly 30,000 BTC — worth around $3.5 billion — to exchanges. SharpLink has named Joseph Chalom as its new co-CEO.
Bitcoin is currently in a quiet phase. The price has been moving sideways without any major breakout or breakdown. After a small bounce from last week’s low, many traders are wondering: was that the bottom, or is more downside coming? Over the past week, Bitcoin has been trading in a narrow range. It moves up …
The Smarter Web Company PLC, a publicly listed firm in the UK, has just added 225 more Bitcoin to its reserves, as part of its long-term “10 Year Plan.” They spent about £19.6 million on this latest purchase, paying an average of £87,096 per Bitcoin (around $118,000). This purchase increases its total holdings to an …
Bitcoin has fallen sharply over the past 24 hours, dipping nearly 3% to around $115,376, its lowest point in two weeks. According to CryptoSlate’s data, the decline follows a recent peak of around $119,291 on July 24, wiping out close to $4,000 in value during the past day. The sudden drop is likely tied to […]
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Bitcoin has reached another all-time high. While the market appears strong, analysts and users are debating whether the traditional 4-year cycle theory still holds or if a new era, led by institutions and long-term holders, is taking shape. Are Classic Market Signals Breaking Down? Analyst Ki Young Ju recently shared that for years, he has …
Bitcoin’s old four-year rhythm has been upended, according to CryptoQuant CEO Ki Young Ju. He argued on Thursday that the crypto’s cycle is no longer in existence, driven out by big players stepping in. Related Reading: PEPE Sparks Google Frenzy With 300% Surge In Search Interest His latest comments follow a public rethink after he called a market top just a few months ago and got it wrong. Institutional Buyers Rewrite Rules Based on reports, Bitcoin Spot ETFs and corporate treasuries are changing the game. In the first half of the year, treasury companies bought twice as much BTC as the ETFs did. That shows how deep pockets can fill the gap when veteran whales move out. Short sells and panic dumps used to knock prices hard. Now, a growing pool of steady institutional demand comes in right behind those exits. It’s a shift that could reshape Bitcoin’s usual peaks and valleys. #Bitcoin cycle theory is dead. My predictions were based on it—buy when whales accumulate, sell when retail joins. But that pattern no longer holds. Last cycle, whales sold to retail. This time, old whales sell to new long-term whales. Institutional adoption is bigger than we… — Ki Young Ju (@ki_young_ju) July 24, 2025 Ki Young Ju first sounded the alarm in March, when Bitcoin hovered around $83,000. At that time, every on-chain metric pointed down. The bull score hit multi-year lows. BBMC indicators and the MVRV ratio flashed red warnings. Whale liquidations piled up, and many saw a bear market beginning. Market Indicators Flash Early Warnings Support levels stood strong after an April retest. Those same bears had to eat their words when Bitcoin bounced back. By May, prices broke past the January high and surged to $112,000. This month, BTC even hit $123,000 before taking a breather. That quick turnaround forced Young Ju to admit he was wrong—and to thank investors for showing him the mistake. He now says the old cycle theory no longer applies, since institutional players don’t follow the same playbook as retail buyers. Public companies like MicroStrategy (now Strategy) and other treasury-focused firms have become major holders. They treat Bitcoin as a reserve asset. Related Reading: The US Is A Bitcoin Whale—Arkham Clarifies BTC Holdings After Brief Panic ETFs Big Appetite Meanwhile, spot ETFs keep buying almost daily. That dual demand has built a solid floor under prices and given big whales less sway. Retail investors may still buy late and sell early. But now their moves are cushioned by far larger, long-term stakes. Experts See A New Phase Major voices in crypto echo this view. Michael Saylor has declared that the bear market era is no longer here. JAN3 chief executive officer Samson Mow and Binance CEO CZ even project that this cycle could take Bitcoin all the way to $1 million. Other big names in the industry, like ‘Rich Dad Poo Dad’ author Robert Kiyosaki, believe so as well. Those bullish calls come from people who back institutional growth over hype-driven swings. They see big money as a stabilizer rather than a speculator. Featured image from Meta, chart from TradingView
Michael Saylor’s latest preferred stock issuance surpasses expectations, offering 9.5%–10.0% yield with built-in price stability mechanisms.
Bitcoin is making its first meaningful move since breaking its all-time highs and reaching the $123,000 level. After consolidating in a tight range for nearly two weeks, the price is now pulling back toward $115,000—marking a 6% decline from recent highs. While this retracement has stirred caution among short-term traders, data suggests there is little cause for concern at this stage. Related Reading: Bitcoin LTHs Start Distributing: CDD Ratio Hits Historic Levels According to CryptoQuant’s Bitcoin Price Drawdown Analysis chart, the current 6% pullback remains well within the normal volatility range observed during prior bull phases. This suggests the move is more likely a healthy market reset than the beginning of a deeper correction. As Bitcoin tests the lower boundary of its former range, investors will closely watch for renewed strength or signs of distribution. For now, fundamentals and long-term holder data remain supportive, keeping bullish sentiment intact despite short-term volatility. The next few sessions may determine whether BTC can bounce decisively or enter a broader consolidation phase. Bitcoin Volatility Remains Within Norms As Market Enters Critical Phase According to top analyst Axel Adler, Bitcoin’s recent price action may appear sharp at first glance, but deeper analysis shows that current volatility remains well within normal historical ranges. Over the past quarter, Bitcoin’s most notable intraday drops on the 5-minute timeframe reached -10% in early June and -12% in mid-June. Meanwhile, the average weekly drawdown, represented by the green line on Adler’s chart, remains stable at 3.8%. The current -6% pullback—following Bitcoin’s recent breakout to $123K and its retrace toward $115K—sits only 2.2% deeper than this weekly average and is still far from the panic-triggering extremes seen in previous months. Despite the dramatic visual appearance, Adler emphasizes that the current correction aligns with a standard consolidation cycle often seen during bull markets. What makes this moment especially relevant is how other parts of the crypto market are behaving. While altcoins retraced heavily yesterday, today they are holding above key support levels, signaling potential strength and a possible shift in market dynamics. This resilience across major altcoins could mark a rotation of capital within the market, rather than an exit. Related Reading: Bitcoin STH Realized Price Chart Reveals Key Defense Zones Amid Volatility BTC Falls Below Key Support as Volume Spikes Bitcoin has broken below the tight consolidation range it maintained for over two weeks, with price dropping sharply to a local low of $115,009 before slightly recovering to $115,759. This marks a clear technical breakdown of the horizontal channel between $115,724 and $122,077, as shown in the 4-hour chart. The breach below the lower bound coincided with a spike in volume, signaling decisive selling pressure from market participants. The drop pushed BTC below the 50-day (blue) and 100-day (green) simple moving averages (SMAs), both of which previously acted as dynamic support. The price is now hovering just above the $115,724 horizontal support zone, which is now being retested. A failure to hold this level could open the door to deeper retracements toward the 200-day SMA near $112,104, which could act as the next major support level. Related Reading: Ethereum Adoption Accelerates As Daily Transactions Set 2025 Record Technically, a bearish structure is developing in the short term, especially after the breakdown from the triangle-like compression (marked in blue). However, the elevated volume accompanying the move may also suggest capitulation from weak hands, which can precede a reversal. In the coming sessions, Bitcoin’s ability to reclaim the $118K level will determine whether bulls can regain control. Featured image from Dall-E, chart from TradingView