THE LATEST CRYPTO NEWS

Bitcoin is entering a phase of unusual calm, with price volatility dropping to some of its lowest levels in years. For many analysts, this reduced volatility is not a sign of weakness; rather, it’s a sign of strength. If this trend continues, the groundwork could be laid for a sustainable bull run fueled by Bitcoin’s growing reputation as a long-term store of value. Can Reduced Volatility Redefine Bitcoin’s Market Identity? Bitcoin is entering a new phase in its market evolution. As highlighted by CryptoRank_io on X, the world’s leading cryptocurrency has seen its volatility steadily decline in tandem with the growth of its market capitalization. This trend suggests that Bitcoin is maturing from a speculative, high-risk asset into a more stable, long-term investment vehicle. Related Reading: Bitcoin Breakdown in Motion – Bounce Trap Or Deeper Bear Market Warning? Such a shift toward stability could significantly impact how Bitcoin evolves in the years ahead, rather than the explosive, parabolic rallies and brutal corrections that have historically defined BTC’s price action. The lower volatility suggests that the next phase of growth may come in the form of steadier and more sustainable increases with shallower pullbacks. This is a crucial development for institutional investors and major funds. Traditional finance prefers assets with predictable risk profiles, and Bitcoin’s reduced volatility makes it far more attractive for large-scale allocation.  BTC’s market structure signals bearish sentiment despite rising open interest. According to Luca, the Bitcoin market is showing signs of tension. Since BTC topped out in mid-August, a clear divergence has emerged between Open Interest and Funding Rates. While Open Interest has been steadily climbing, indicating that more positions are being opened, Funding Rates have been trending lower. This setup suggests that bears are doubling down and loading up on short positions in anticipation of further downside. Traders seem to be betting that the latest move lower is just the beginning, especially as BTC heads into September, which is a historically weak month for Bitcoin. Luca noted that this aligns with his previous observations, suggesting that the market may continue to favor bearish positioning in the near term. Sideways Movement Highlights Bitcoin Stability Daan Crypto Trades also revealed that Bitcoin has largely been consolidating over the past few months, showing sideways price action compared to the Standard & Poor 500 (S&P 500). BTC is only up around 10% vs the 2021 all-time high in relation to stocks in 2021. Related Reading: Bitcoin 10% Off Its Highs—But Hidden On-Chain Data Tells a Different Story The trend highlights that the cryptocurrency has yet to replicate the dramatic gains seen in previous cycles. Daan points out that the S&P 500’s performance during this period has been significantly boosted by the surge in AI-related developments, which accelerated equity market gains. Featured image from Getty Images, chart from Tradingview.com

Bitcoin dominance is at a pivotal moment, testing key support levels that could determine market direction. A bounce from these zones may signal temporary stability, while a breakdown could trigger deeper declines and shift attention toward altcoins.  Market Structure Signals Growing Vulnerability According to @Crypto_TheBoss in a recent market update, Bitcoin dominance has slipped below the 60% support level, signaling a notable change in market dynamics. This breakdown points to a weakening grip for Bitcoin as capital flows begin to diversify into other areas of the crypto market. Moves like this often act as early signals of potential altcoin strength, as traders look beyond Bitcoin for opportunities. Related Reading: Altcoins Takeover Incoming? These On-Chain Metrics Signal An Imminent Market Shift The analyst noted that Bitcoin dominance has bounced from the 58% area, showing that some buying pressure emerged to defend the level. This bounce highlights temporary stability, but it does not yet confirm a recovery. Instead, it reflects a cautious response from the market, where buyers are attempting to prevent further declines while broader sentiment remains uncertain. Looking ahead, @Crypto_TheBoss explained that if the 58% level fails to hold, Fibonacci retracement zones could act as key areas of support. Losing this support would deepen the bearish outlook and likely accelerate capital rotation into altcoins, shifting momentum away from Bitcoin’s leadership in the market. Positive And Negative Technical Signals @Crypto_TheBoss went on to highlight that the bounce from support shows buyers stepped in and temporarily halted the downside pressure. This kind of reaction often reflects how market participants are still willing to defend critical levels, even when sentiment leans toward caution. By holding above support, Bitcoin dominance was able to avoid a deeper immediate drop, though uncertainty still lingers. Related Reading: Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap? The analyst further emphasized that Fibonacci levels are widely used in technical analysis as reliable support and resistance zones. For Bitcoin dominance, the Fibonacci structure provides a technical roadmap, guiding market participants on where the price may either stall, reverse, or accelerate if another leg lower unfolds. In a negative scenario, @Crypto_TheBoss cautioned that losing the 58% support could trigger stronger selling pressure, pushing dominance further down. A breakdown below this level would not only signal structural weakness but also reinforce the narrative of Bitcoin losing its edge in market control.  Such a scenario is often interpreted as a sign of capital rotation into altcoins. As Bitcoin dominance decreases, investor attention tends to shift toward alternative cryptocurrencies, sparking renewed activity and potentially driving sharp moves in the altcoin sector. This rotation could set the stage for fresh momentum in altcoins, particularly if Bitcoin struggles to quickly reclaim its lost ground. Featured image from Pixabay, chart from Tradingview.com

Bitcoin is currently consolidating within a narrow range, trading below the $115,000 level while holding key support above $110,000. This consolidation reflects the ongoing tug-of-war between bulls and bears, as volatility continues to push the market in both directions. Despite the temporary stability, recent price action shows that selling pressure has gained a slight edge, leaving traders cautious about the next major move. Related Reading: Bitcoin Taker Buy/Sell Ratio Plunges To Lowest Since 2018: Strong Sell Signal Flashes Top analyst Darkfost has highlighted an important on-chain development that adds context to this phase. According to his data, the percentage of Bitcoin supply in profit has now reached a historically critical threshold. This metric, which tracks how much of the circulating supply is currently above its cost basis, has long been a key guidepost for identifying major phases of the cycle. While a large share of supply in profit is not inherently bearish, history shows that such levels often coincide with pivotal turning points in Bitcoin’s market structure. With BTC consolidating in this crucial zone and profit supply peaking, the market stands at a delicate moment. Whether Bitcoin can reclaim momentum above $115K or faces a deeper correction may depend on how investors react to this latest signal. Bitcoin Supply In Profit Reaches Critical Cycle Zone According to top analyst Darkfost, the current level of Bitcoin supply in profit carries far more nuance than many assume. While some investors interpret a large share of coins in profit as a bearish warning, Darkfost emphasizes that it is, in fact, a necessary component of Bitcoin’s cyclical behavior. Contrary to what many might think, he explains, “a high percentage of supply in profit is what fuels the euphoric waves that drive the market forward.” Looking at history, the long-term average of supply in profit sits at roughly 75%, defined by a bell curve of Bitcoin’s performance since inception. In other words, across cycles, three-quarters of supply tends to sit in profit at any given time. When this ratio climbs above 90%, it usually signals a period of strong bullish momentum — the kind often seen in major bull markets. Such elevated levels create the psychological backdrop for rallies to extend, as confidence builds and capital flows into the market. However, Darkfost also warns that this metric can signal turning points. Once the percentage of supply in profit drops back below 90%, the market often transitions into corrective phases. These can be short-lived pullbacks or prolonged downturns, but historically, the break beneath that line has marked the shift away from euphoria. Bitcoin’s position near this threshold highlights the stakes. If supply in profit remains elevated, the market could continue its upward march. If not, the risk of a deeper correction grows, reinforcing the importance of this metric as a cycle-defining indicator. Related Reading: Bitcoin MVRV Compression Signals Pause – Market Digests Recent Volatility Bulls Struggle To Regain Momentum After Pullback Bitcoin is trading near $112,900 after a rebound from lows around $110,800, yet the chart shows that momentum remains fragile. Following the rejection at $123,000 earlier this month, BTC entered a corrective phase, slipping below both the 50-day and 100-day moving averages, which now act as resistance near $115,700–$116,600. This area stands out as the immediate barrier for bulls to reclaim if they want to shift the trend back in their favor. The 200-day moving average at $111,600 is currently providing a layer of support, helping BTC stabilize after recent volatility. Holding this zone will be crucial in preventing a deeper retrace toward the $108,000 region. If buyers can defend this level while building momentum, the market could stage a relief rally back toward the mid-$115K range. Related Reading: Bitcoin STH Cost Basis Aligns With Critical Indicator: Support Builds Around $100K Level However, failure to reclaim the moving averages would leave BTC vulnerable to extended downside pressure. The inability to hold above $115K has already signaled fading strength, and without a decisive breakout, sellers could regain control. For now, Bitcoin sits in a consolidation phase, caught between critical support and resistance, with the next move likely to determine whether the market stabilizes or slides further. Featured image from Dall-E, chart from TradingView

Bitcoin is trading at a critical level after successfully holding above $110,000 as support, but market sentiment remains on edge. The recent defense of this zone has given bulls a temporary cushion, yet selling pressure is mounting as volatility continues to drive uncertainty. Some analysts warn that further declines may follow if buyers fail to regain momentum, putting Bitcoin’s resilience to the test. Related Reading: Bitcoin Taker Buy/Sell Ratio Plunges To Lowest Since 2018: Strong Sell Signal Flashes Top analyst Axel Adler highlights a key onchain signal that sheds light on the current market structure. According to Adler, Bitcoin’s Normalized Address Activity (NAA) dropped sharply from 60% — the level at which the $124,000 all-time high was formed — down to just 30%. This decline reflects a clear cooling in transactional intensity, with fewer coins moving on-chain. While this signals that short-term supply is weakening and immediate selling pressure has eased, it also raises questions about whether there is enough demand to fuel another rally. The balance between cooling activity and sustained support will be decisive. If Bitcoin holds $110K and demand reemerges, the market could stabilize. But if volatility keeps pressuring buyers, the risk of deeper corrections remains firmly on the table. Bitcoin Long-Term Seller Base Expands According to Adler, while Bitcoin’s short-term supply activity has cooled, long-term dynamics reveal a different story. The annual Normalized Address Activity (NAA) has climbed from 30% — recorded when Bitcoin was trading near $80,000 — to 40% today. This steady increase shows that more holders are willing to realize profits at higher levels, gradually broadening the seller base. For context, the peak of selling activity in this cycle occurred in September 2023, when the annual NAA hit 85% with Bitcoin priced around $37,000. That marked a period of heavy distribution at lower valuations. By contrast, the current phase reflects a more balanced environment, where selling pressure is elevated compared to earlier this year but still far below peak cycle extremes. Adler suggests this positioning indicates Bitcoin has entered a “mid-stage” phase of distribution, where profit-taking grows but the structural trend remains intact. Despite this, price action underscores hesitation. Bitcoin is holding above critical support at $110,000, but has so far failed to reclaim higher supply zones that would confirm bullish continuation. The market now sits at a crossroads, with speculation rising about the next major move. Whether buyers can overcome expanding long-term selling pressure will likely decide if Bitcoin stabilizes for another rally or faces a deeper corrective wave. Related Reading: Bitcoin MVRV Compression Signals Pause – Market Digests Recent Volatility Bulls Push To Test Key Levels Bitcoin is trading near $112,900 after a series of volatile swings that pushed the price down from recent highs above $123,000. The chart highlights how BTC has struggled to reclaim lost ground, with short-term momentum still capped by resistance levels. After defending the $110,000 zone, buyers are attempting a recovery, but the structure suggests that a more decisive move is needed to shift sentiment. Currently, BTC remains below the 50-day and 100-day moving averages, which hover between $113,000 and $115,000. These levels form the immediate barrier for bulls, and breaking above them would be crucial to altering momentum in favor of an upside push. A successful retest and hold of $115,000 could signal the start of renewed strength, setting the stage for another attempt at the $120,000–$123,000 resistance zone. Related Reading: Ethereum Faces Risk As Binance Leverage Ratio Skyrockets To Record Levels On the downside, failure to break higher keeps BTC vulnerable. A rejection near current levels could open the door to another retest of $110,000 support, with deeper risks extending toward $108,000. Market sentiment remains cautious, and the next few sessions will likely determine whether Bitcoin can reclaim bullish momentum or remain stuck under pressure. For now, $115,000 stands as the critical line in the sand. Featured image from Dall-E, chart from TradingView

On-chain data from Santiment shows both Bitcoin and Ethereum whale address counts grew in August, signaling steady accumulation. Bitcoin & Ethereum Whales Have Seen Their Counts Go Up Recently In a new post on X, on-chain analytics firm Santiment has revealed how the whale populations have shifted on the Ethereum and Bitcoin blockchains recently. Whales refer to the key stakeholders of a cryptocurrency who hold amounts large enough that they can carry some degree of influence in the market. The exact scale of these investors is defined differently across networks. For BTC, whales are considered to be entities carrying more than 1,000 BTC (equivalent to $112 million at the current exchange rate), while for ETH, the threshold is 10,000 ETH ($46.4 million). Related Reading: Bitcoin Selloff: $2.2 Billion In BTC Floods Exchanges Now, here is the chart shared by the analytics firm that shows how the total number of whale-sized wallets has changed on each of these networks over the past few months: As is visible in the above graph, the Bitcoin whales saw their count plummet back in July, implying a notable number of these investors exited from the market near the rally high. In August, the metric has made gradual recovery for the cryptocurrency, with there now being 13 more such wallets compared to the start of the month. While this isn’t anything too big, it does indicate that big-money investors are slowly buying back in. Ethereum has also seen its whale population go up during the same window and the increase has been more dramatic in its case. In total, 48 new whales have joined the blockchain since August began. Given the key position that these investors occupy in the market, the sentiment among them is often worth keeping an eye on. With a buying push occurring from them right now, it would seem that their outlook is bullish, particularly in the case of ETH. In some other news, Bitcoin has witnessed a sharp decline in capital inflows recently, as analyst Willy Woo has explained in an X post. Bitcoin is today seeing around less than $1 billion per day in capital inflows, which is significantly down compared to the earlier peak above $2 billion per day. Interestingly, in the same period as BTC has seen inflows dry up, ETH has observed them pick up instead. Related Reading: Bitcoin Keeps Slipping Down: Is $107,000 The Next Support? This could be an indication that investor interest has been rotating from the former to the latter. Following the uptrend, Ethereum inflows have risen to almost the same level as BTC ones, meaning that a flip could occur soon. BTC Price Bitcoin has seen some recovery from its recent low as its price has climbed back up to $112,500. Featured image from Dall-E, Santiment.net, woocharts.com, chart from TradingView.com

Falconedge, a newly established hedge fund advisory firm that emerged from Falcon Investment Management, has revealed a new strategy among publicly traded companies: to allocate nearly all of the proceeds from its upcoming initial public offering (IPO) to building a Bitcoin (BTC) treasury. Bitcoin-Focused IPO Strategy On Wednesday, the firm’s announcement disclosed that Falconedge’s leadership views Bitcoin not merely as a hedge against inflation but as a cornerstone asset for institutional treasury management. By emphasizing Bitcoin as a primary reserve asset, the firm aims to scale its cryptocurrency holdings significantly, thereby enhancing its balance sheet with BTC’s potential and institutional credibility.  Related Reading: Shiba Inu’s Shibarium Suffers Crash In Major Metric, Is SHIB Price At Risk? Roy Kashi, CEO of Falconedge, expressed enthusiasm about the firm’s launch in a press release statement. The executive said:  We’re proud to launch Falconedge as a next-generation platform that puts Bitcoin at the heart of institutional treasury strategy. This pre-IPO raise positions us to accelerate growth and deepen our impact in digital asset finance. Flaconedge would join a growing trend of public traded companies adopting similar investment options, mulling Strategy’s (MicroStrategy) approach with years accumulating Bitcoin and so far enjoying billionaire returns. Falconedge Completes Pre-IPO Fundraising The firm disclosed it has completed its pre-IPO fundraising and is gearing up for a public offering in September. Falconedge has indicated that the majority of the IPO proceeds will be allocated to Bitcoin accumulation, further solidifying Falconedge’s vision. Falconedge’s IPO is set to be one of the first to dedicate proceeds primarily to Bitcoin reserves, effectively positioning the firm as a hybrid entity that straddles the line between an advisory firm and a digital asset holding company.  USDT stablecoin issuer Circle has also been in the spotlight with its debut on the New York Stock Exchange (NYSE). Its shares, traded under the ticker symbol CRCL, surged over 150% in the first days of its debut, highlighting the interest by investors in crypto-focused IPOs. Related Reading: Ethereum To $5,500 In Weeks, $12,000 By Year-End, Tom Lee Predicts Despite being newly formed, Falconedge benefits from the significant credibility and expertise inherited from Falcon Investment Management, a top player in United Kingdom-regulated crypto investing. The firm’s legacy includes launching one of the earliest regulated crypto funds in the UK in 2018, managing over $850 million in crypto assets at its peak, and successfully establishing a decentralized finance-focused fund that has performed well.  As of this writing, Bitcoin, the market’s leading cryptocurrency, is trading at $112,100 — nearly 10% below its record high of $124,000 earlier this month. This is in line with the broader correction in the market, which has seen digital asset prices retrace to key support levels. Featured image from DALL-E, chart from TradingView.com 

Bitcoin (BTC) remains under pressure after failing to recover momentum following its recent record high above $124,000. At the time of writing, the asset is trading at $112,0474, reflecting a decline of 7.5% in the past two weeks. The latest movements come as analysts examine on-chain metrics to assess whether the current slowdown represents a pause in the ongoing bull cycle or the beginning of a broader correction. One of the key indicators gaining attention is Bitcoin’s active addresses metric. According to PelinayPA, a contributor on CryptoQuant’s QuickTake platform, the number of active addresses has consistently remained high, suggesting that network usage is stable despite the recent price retracement. Related Reading: What’s Next For Bitcoin? Key Developments After Falling To $112,000 Active Address Growth Signals Resilient User Base The analyst notes that long-term data shows a strong correlation between address activity and market cycles, with spikes often coinciding with peaks and declines aligning with bear markets. PelinayPA outlined how active addresses have historically tracked Bitcoin’s broader price behavior. From 2010 through 2016, addresses expanded steadily as Bitcoin’s adoption grew. The 2017 bull run brought a sharp increase, while the 2018–2019 downturn saw a decline in both addresses and price. The most recent cycle again highlighted the relationship, with addresses surging alongside Bitcoin’s run to new highs in 2020–2021 before dropping in 2022 during the market correction. Since 2023, however, activity has stabilized, with daily active addresses consistently ranging between 900,000 and 1 million. As of now, approximately 919,000 addresses are active, reflecting sustained network use. PelinayPA emphasized that while addresses alone are not a perfect price predictor, consistently elevated activity provides long-term support for Bitcoin’s valuation. If addresses maintain levels above 1 million, it could underpin the case for further gains, with potential targets in the $150,000–$200,000 range. Conversely, a sharp decline in address activity would signal reduced demand and raise the likelihood of a reversal toward the $80,000–$90,000 range. Bitcoin Exchange Inflows Reach Multi-Year Lows In addition to user activity, exchange inflows offer another perspective on current market conditions. CryptoOnchain, another CryptoQuant analyst, highlighted that Bitcoin’s 30-day moving average of inflows has dropped to its lowest level since May 2023. Historically, low exchange inflows suggest reduced selling pressure, as fewer coins are being moved to trading platforms for liquidation. This trend is particularly notable on major exchanges such as Coinbase and Binance. Related Reading: Bitcoin STH Cost Basis Aligns With Critical Indicator: Support Builds Around $100K Level On Coinbase, a platform often associated with US and institutional investors, inflows have significantly decreased, pointing to diminished selling activity from large holders. A similar pattern is visible on Binance, which continues to host the highest global trading volumes. According to CryptoOnchain, the combination of lower inflows and rising price levels may indicate an environment where available supply is constrained, creating conditions that could support higher valuations in the mid-term. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to face challenges sustaining its momentum after retreating from its recent all-time high above $124,000. At the time of writing, the asset trades around $111,090, reflecting a 10.5% decline from its peak and a 4.2% drop over the past week. The pullback highlights growing uncertainty among traders as buying pressure weakens, even while some on-chain indicators suggest potential accumulation. One such signal comes from Binance, the world’s largest cryptocurrency exchange by trading volume. Analyst Crazzyblockk, a contributor to CryptoQuant’s QuickTake platform, examined a metric called the Binance Buying Power Ratio. According to the analyst, this ratio, measuring the inflow of stablecoins relative to Bitcoin outflows from Binance, has recently climbed sharply, moving into positive territory. The implication is that traders are sending stablecoins into the exchange (potential buying power) while withdrawing Bitcoin, likely for long-term storage. Related Reading: Bitcoin Keeps Slipping Down: Is $107,000 The Next Support? Binance Buying Power Ratio Signals Accumulation Crazzyblockk explained that this pattern points to a buildup of liquidity while simultaneously reducing the Bitcoin supply available for sale on Binance. In his words: Stablecoins in, BTC out. This combination of accumulating ‘dry powder’ and securing assets off-exchange is a classic sign of a market preparing for a bullish move. The surge in buying power ratio coincides with Bitcoin’s current consolidation phase, suggesting that some traders may be preparing for a rebound. Historically, an increase in stablecoin inflows has often preceded heightened trading activity, with many market participants using these reserves to enter positions once favorable conditions emerge. At the same time, large Bitcoin outflows from exchanges can reflect a broader trend of long-term holding behavior. Investors who transfer coins to private or institutional-grade wallets often intend to store them securely, limiting immediate selling pressure. If sustained, this dual trend of stablecoin accumulation and Bitcoin withdrawals could support the market by reducing available supply and preparing liquidity for upward moves. Bitcoin Short-Term Holders Show Signs of Weakness While Binance metrics suggest optimism, another CryptoQuant analyst, Darkfost, highlighted a more cautious indicator: the Spent Output Profit Ratio (SOPR) for short-term holders (STHs). This metric measures whether coins moved on-chain are being sold at a profit or loss. Darkfost noted that the STH SOPR has now fallen below 1, with its monthly average sitting at the neutral point. In practical terms, this means that many recent buyers are no longer selling at a profit, and some are even taking losses. He wrote: Historically, when STH SOPR reaches this level, two scenarios are common. Either the market rebounds quickly, or short-term holders panic, leading to further losses. During this cycle, the second scenario has often played out—though these periods have consistently created opportunities for medium- to long-term investors. The comparison to late 2021, when Bitcoin last peaked at $69,000 before entering a prolonged correction, shows the weight of this signal. A persistent decline in SOPR could indicate rising pressure from traders seeking to exit, even as long-term holders demonstrate greater conviction. Featured image created with DALL-E, Chart from TradingView

Bitcoin price is showing bearish signs below $113,000. BTC is struggling to recover and might start another decline below the $110,500 zone. Bitcoin started a recovery wave from the $108,750 zone. The price is trading below $112,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $111,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $113,000 resistance zone. Bitcoin Price Attempts Fresh Increase Bitcoin price extended losses after close below the $112,000 level. BTC gained bearish momentum and traded below the $111,500 support zone. There was a move below the $110,500 support zone and the 100 hourly Simple moving average. The pair tested the $108,750 zone. A low was formed at $108,734 and the price recently started a recovery wave. There was a move above the $112,000 level. The price surpassed the 23.6% Fib retracement level of the key drop from the $117,354 swing high to the $110,734 low. Besides, there was a break above a key bearish trend line with resistance at $111,350 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $112,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $112,500 level. The first key resistance is near the $113,000 level or the 50% Fib retracement level of the key drop from the $117,354 swing high to the $110,734 low. The next resistance could be $114,000. A close above the $114,000 resistance might send the price further higher. In the stated case, the price could rise and test the $115,000 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500. Another Decline In BTC? If Bitcoin fails to rise above the $113,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,600 level. The first major support is near the $109,500 level. The next support is now near the $108,750 zone. Any more losses might send the price toward the $107,100 support in the near term. The main support sits at $105,500, below which BTC might accelerate lower. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $110,600, followed by $109,500. Major Resistance Levels – $112,500 and $113,000.

Bitcoin is trading at a pivotal level where its previous all-time highs, set in January and May, are now being tested as support. This zone has become a critical battleground for bulls and bears, as fear spreads through market sentiment. Many investors are bracing for further declines, worried that a break below these levels could accelerate downside momentum. Related Reading: Bitcoin STH Cost Basis Aligns With Critical Indicator: Support Builds Around $100K Level Fresh on-chain data adds weight to these concerns. According to CryptoOnchain, insights from CryptoQuant charts reveal a sharp decline in the 30-day moving average of the Taker Buy/Sell Ratio. This key metric, which tracks whether aggressive buyers or sellers dominate the order book, has fallen to its lowest point since May 2018. The drop signals that selling pressure is overwhelming buyers, even as Bitcoin holds above its former record highs. What makes this development even more striking is its comparison to November 2021, when Bitcoin last hit all-time highs before entering a brutal bear market. Back then, the ratio was notably higher than it is today, suggesting the market now faces even greater selling dominance. With sentiment fragile and pressure mounting, Bitcoin’s ability to hold these crucial levels may define the next phase of the cycle. Bitcoin Data Reveals Strong Sell Signal The latest CryptoOnchain report highlights concerning data from CryptoQuant’s chart, which tracks the 30-day moving average of Bitcoin’s Taker Buy/Sell Ratio. This metric is a reliable gauge of market balance, showing whether aggressive buyers or sellers dominate trading activity. Currently, the sharp decline in this moving average points to a clear weakening of buying pressure. More importantly, the ratio has now slipped below the critical 0.98 threshold — a level widely regarded as a strong sell-off signal. Falling under this line indicates that selling activity is decisively outpacing buying demand. In practical terms, it suggests that the market is leaning heavily toward distribution rather than accumulation, with investors more eager to offload positions than to build them. Historically, when the ratio has dipped to such levels, Bitcoin has struggled to maintain upward momentum and often faced steep retracements. While Bitcoin’s price has recently held near pivotal support zones, this imbalance between buyers and sellers raises doubts about the sustainability of current levels. The chart reflects an environment where optimism is fragile and downside risks are elevated. CryptoOnchain explains that the drop in the 30-day moving average of the Taker Buy/Sell Ratio serves as a clear warning. Unless this trend reverses quickly, Bitcoin may be vulnerable to a deeper short-term correction, and potentially the start of a more prolonged downward phase in the cycle. Related Reading: Ethereum Faces Risk As Binance Leverage Ratio Skyrockets To Record Levels Bulls Hold Crucial Support After Sharp Pullback Bitcoin is currently trading near $111,000 after a volatile retracement from local highs above $123,000 earlier this month. The chart highlights a decisive shift in momentum: after repeatedly failing to break through the $124,000 resistance zone, BTC lost steam and rolled over, triggering a wave of selling pressure. Price action has since pushed Bitcoin below the 50-day and 100-day moving averages, both now trending downward and reinforcing a short-term bearish outlook. The 200-day moving average around $114,100 is also being tested from below, acting as resistance instead of support. This flip underscores the challenges facing bulls as they attempt to stabilize the market. Related Reading: Ethereum Whale Demand Surges On Binance As Price Nears $5,000 For now, BTC is finding support in the $110,000–$111,000 range, a level that coincides with consolidation zones from earlier in the summer. If buyers can hold this line, a relief bounce toward $114,000–$116,000 is possible, though reclaiming those levels will be crucial to regaining momentum. Failure to defend current support, however, could expose Bitcoin to further downside risk, with the next major demand zone near $105,000. Market sentiment remains fragile, and the inability to clear resistance at $124,000 has shifted focus toward the resilience of support levels in the weeks ahead. Featured image from Dall-E, chart from TradingView

Mihai Jacob, a well-known market watcher, says the Bitcoin price rally that followed Powell’s Friday speech may not be as strong as it first looked. The charts, he explains, continue to flash signs of weakness that should not be ignored. According to Jacob, the flagship cryptocurrency could still face another sharp decline, and a drop below $100,000 remains a real risk despite the short-term optimism. Powell’s Speech Gave Bitcoin Price A Lift, But Charts Tell A Different Story Jacob explains that in his earlier analysis, he noted the $110,000 zone as a key level for Bitcoin. As long as that level held, the broader bullish structure could technically stay intact. Powell’s speech gave a hint of a possible rate cut, and for a moment, the market reacted with excitement, and Bitcoin bounced just as traders wanted. Related Reading: Rumored Ripple NDA Suggests Trump, BlackRock, And JP Morgan Are Working With XRP Ledger But Jacob quickly asks the hard question: was that bounce real strength, or just wishful thinking? He advises trading what you see, not what you hope for. And what he sees now on the charts does not match the initial joy of the rally. Soon after the move, Bitcoin returned to the $ 112,000 support level, erasing most of the gains. For Jacob, this suggests that the market may have been reacting to temporary news rather than initiating a new wave of growth. He warns that the bounce looks more like a retest of broken levels than a fresh start to a bigger move. In other words, what seemed like a comeback may actually be a signal that Bitcoin remains weak. Instead of buyers taking control, the chart suggests sellers are still in charge, waiting to push the price lower again. Why A Drop Below $100,000 Remains Likely Looking at the bigger picture, Jacob points out that Bitcoin still trades below the trendline that has been in place since April, highlighting the shape of the price action, which suggests a possible head-and-shoulders pattern is forming around the $110,000 zone. While not perfectly shaped, it is still enough to make cautious traders uneasy about what may come next. Related Reading: Here’s What Powell’s Possible Rate Cuts Could Mean For The Shiba Inu Price For Jacob, the excitement that came from Powell’s speech was likely nothing more than “rate cut euphoria,” and he believes the market is sending a very different message from what headlines suggest. The idea that Bitcoin would simply return to the same support level, giving late buyers another easy opportunity, is, in his view, hard to believe. More likely, it was a “dead cat bounce,” a short-lived move before another fall. Jacob makes it clear that his current stance is neutral in terms of active positions, but his outlook leans bearish. Optimism may be tempting, but he insists that discipline requires traders to trust the charts, not their hopes. With Bitcoin still struggling under key levels, he sees the possibility of a decline below $100,000 as very real. Featured image from DALL.E, chart from TradingView.com

Bitcoin is trading around $111,000 after several days of losing ground below its all-time high of $124,500. Bulls have managed to keep the price above the key $110,000 support, but momentum remains weak as attempts to push higher continue to fail. Some analysts warn of a deeper correction ahead if buyers cannot step in with stronger conviction. Related Reading: Ethereum Faces Risk As Binance Leverage Ratio Skyrockets To Record Levels Top analyst Axel Adler shared new insights, pointing to the behavior of Bitcoin’s annual Adjusted MVRV. Currently, the metric has pressed against the 1.0 zone, meaning the short-term average (30-day) is almost identical to the longer-term average (365-day). In practice, this shows that the market is in a balancing phase: recent profit-taking and volatility are being absorbed by the longer-term growth trend, keeping the overall structure neutral. Historically, this 1.0 level has often represented a pause within bullish cycles rather than the end of them. It signals that the market is digesting recent gains as short-term holders hand coins to longer-term investors. Whether Bitcoin breaks down to test lower demand zones or stabilizes before another leg higher will likely be decided in the coming weeks, as traders closely watch this critical support zone. Bitcoin Adjusted MVRV Signals Pause, Not Reversal According to Adler, Bitcoin’s annual Adjusted MVRV is currently pressed right at the 1.0 zone, and the dynamics behind it tell an important story. The annual basis remains positive, and its curve looks largely horizontal because two opposing forces are offsetting each other. On the one hand, the 30-day metric has cooled significantly as volatility eased and profit-taking slowed after the latest push to all-time highs. On the other, the heavier 365-day average still reflects the gains of past months, holding up the broader trend. This synchronization between numerator and denominator compresses the difference, keeping the basis line steady rather than sliding downward or accelerating upward. In simple terms, the market is digesting the previous rally rather than breaking down. Adler stresses that this situation at the 1.0 zone should not be mistaken for the end of a cycle. Instead, it represents a pause within an ongoing bullish structure. As long as the annual basis does not reverse downward, the market is essentially redistributing coins from short-term speculators into the hands of more patient holders. There are no strong signs of capitulation, only consolidation. Over the next couple of weeks, the reaction at 1.0 will be critical. Whether Bitcoin holds firm and builds momentum or slips toward deeper corrections will define the next phase. For now, Adler sees this as more a matter of time and balance than a warning of a cycle-ending reversal. Related Reading: Bitcoin STH Cost Basis Aligns With Critical Indicator: Support Builds Around $100K Level BTC Testing Support Around Pivotal Level Bitcoin continues to consolidate after a sharp retrace from its all-time high of $124K, now trading near $110,823. The daily chart shows BTC struggling to hold above the $110K support zone, which has become a key battleground for bulls and bears. The 50-day SMA is trending around $116,600, while the 100-day SMA is near $111,600—levels that are now acting as resistance. Meanwhile, the 200-day SMA sits lower at approximately $101,000, marking the deeper structural support. A decisive loss of the $110K zone could accelerate selling pressure, potentially leading Bitcoin to test the 100K–107K support range, a critical confluence highlighted by analysts due to the alignment with the STH Realized Price. Related Reading: Bitcoin CEX Netflows Still Green Despite Large Sellers Rotating To Ethereum On the upside, Bitcoin must reclaim the $115K–$117K region to shift momentum back in favor of bulls. Failure to do so risks further consolidation and market uncertainty. The rejection at the $123K level last week highlighted strong overhead resistance, with sellers stepping in aggressively. Featured image from Dall-E, chart from TradingView

On-chain data shows exchanges have received heavy Bitcoin inflows over the last couple of weeks, a potential factor behind the asset’s bearish action. Bitcoin Supply On Exchanges Has Been Trending Up Recently In a new post on X, analyst Ali Martinez has talked about the latest trend in the Bitcoin Supply on Exchanges for Bitcoin. The “Supply on Exchanges” here is an on-chain indicator from the analytics firm Santiment that keeps track of the total amount of BTC that’s sitting on the wallets connected to centralized exchanges. Related Reading: Bitcoin Keeps Slipping Down: Is $107,000 The Next Support? When the value of this metric rises, it means the holders are depositing a net number of tokens to these platforms. As one of the main reasons why investors transfer to exchanges is for selling-related purposes, this kind of trend can have a bearish effect on the coin’s value. On the other hand, the indicator going down suggests investors are taking coins off to self-custodial wallets. Such a trend can be a sign that the network is witnessing accumulation, which can naturally be a bullish sign for the cryptocurrency. Now, here is the chart shared by the analyst that shows the trend in the Bitcoin Supply on Exchanges over the past few weeks: As displayed in the above graph, the Bitcoin Supply on Exchanges has been on the way up recently, implying that the investors have been making net inflows. In total, the holders have transferred 20,000 BTC into the wallets of these platforms over the last two weeks. At the current exchange rate, this amount is worth a whopping $2.2 billion. The timing of these deposits has come alongside the cryptocurrency’s price decline, so it’s likely that a lot of these were made with the intention to sell. In the same chart, Martinez has also attached the data of the Exchange Inflow, which shows all inflows going to these platforms, not just net inflows. This metric registered a huge spike during the weekend, after which BTC extended its decline. Interestingly, the Supply on Exchanges didn’t see any increase with this large spike, indicating that there was enough demand for withdrawing the cryptocurrency that balanced out the deposits. Related Reading: Bitcoin Dives As On-Chain Data Shows Every Cohort Now Selling Speaking of exchange inflows, the Bitcoin short-term holders (STHs), buyers from the last 155 days, have made a notable amount of loss deposits recently. The STHs are made up of the weak hands of the market, so it’s not surprising to see them capitulate during price declines. In fact, large loss-taking spikes from them help Bitcoin find bottoms as their coins transfer to more resolute entities. BTC Price At the time of writing, Bitcoin is trading around $110,500, down over 2.5% in the last week. Featured image from Dall-E, Santiment.net, CryptoQuant.com, chart from TradingView.com

Bitcoin (BTC) continues to show signs of weakness after recently setting a new all-time high earlier this month. As of today, the cryptocurrency is trading at $110,595, reflecting a 4.2% decline over the past week and an 11% drop from its peak of $124,000. The correction highlights an ongoing struggle for momentum even as broader market conditions remain uncertain. This decline has drawn the attention of analysts examining key on-chain and trading metrics. One such measure is the Taker Buy Sell Ratio, which is signaling reduced confidence among traders. According to data from CryptoQuant, this ratio has fallen to levels not seen since late 2021, raising questions about whether Bitcoin’s recent highs can be sustained without stronger demand. Related Reading: Bitcoin Correction Risks Deepen With $105,000 As Critical Support Bitcoin Taker Buy Sell Ratio Suggests Shift in Market Dynamics CryptoQuant contributor Gaah explained that the 30-day moving average of Bitcoin’s Taker Buy Sell Ratio has dropped to its lowest level since November 2021, a period that coincided with the peak of the previous cycle near $69,000 before a prolonged downturn. The ratio tracks the balance between aggressive buy and sell orders at market prices. A value above 1 reflects stronger buying pressure, while a reading below 1 indicates more active selling. Currently, the ratio sits below its historical average, suggesting that selling activity has consistently outpaced buying in recent weeks. This is notable because it follows closely on the heels of Bitcoin establishing new highs, revealing a divergence between price performance and trader sentiment. Gaah argued that such behavior often signals caution among investors who may be locking in profits or reducing exposure to manage risk. “The similarity to November 2021 should not be overlooked,” the analyst noted. “Even as Bitcoin pushed higher at that time, underlying market sentiment was deteriorating, which eventually preceded a sharp correction.” The current data, Gaah added, indicates that although Bitcoin remains in a broader bullish phase, the imbalance between buyers and sellers could introduce heightened volatility in the weeks ahead. Analyst Sees Mixed Signals in Technical Structure Beyond on-chain metrics, technical analysts are also weighing in on Bitcoin’s current price structure. A market analyst known as Crypto Nova suggested that despite recent weakness, the overall uptrend remains intact. In a post on X, the analyst highlighted that Bitcoin has been forming higher lows since its recovery began from a low of nearly $15,000 in late 2022, thereby maintaining a long-term bullish pattern. Nova pointed to the $50,000–$70,000 range from earlier in the cycle as an example of a level many believed to mark the top, but which ultimately gave way to further gains. Related Reading: Bitcoin Dives As On-Chain Data Shows Every Cohort Now Selling The analyst noted that the same uncertainty applies to today’s market, where corrections do not necessarily confirm a cycle peak. “At the very least, BTC should see a bounce from current levels,” Nova said, while also acknowledging that resistance remains strong at higher price zones. Bounce time for Bitcoin? At the very least BTC should bounce here as it’s reaching the zones earlier highlighted. Zooming in there is some small lower high structure that price will test (dotted lines) but it will more than likely… https://t.co/Be3FKYnRIY pic.twitter.com/XmrCDS9ldQ — Crypto Nova (@CryptoGirlNova) August 26, 2025 The combination of weakening taker ratios and cautious technical outlooks suggests that Bitcoin’s trajectory may be entering a decisive phase. If selling pressure persists, the asset could face deeper corrections, but sustained support near $110,000 may also provide the base for renewed momentum. Featured image created with DALL-E, Chart from TradingView

Over the past two weeks, Bitcoin (BTC) has dropped more than 7%, falling from around $117,400 on August 21 to a low of $108,666 earlier today. Despite the bearish slide, some encouraging exchange data suggests improving sentiment. However, analysts warn this could once again be a setup for institutions to trap retail buyers. Bitcoin Sentiment Improves, But Maintain Caution According to a CryptoQuant Quicktake post by contributor BorisD, the Binance vs. Other Exchanges BTC Volume Delta turned positive on August 25, registering $676 million. This indicates that Binance users have shifted decisively into spot buying mode. Notably, this trend has not been observed on other major exchanges. Since Binance is the world’s largest exchange in terms of liquidity and user base, its flows are often considered a reflection of broader market sentiment. Related Reading: More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In At present, retail investors appear to be fueling buying pressure. While this can support demand for BTC, it also creates an opening for institutional investors to drive prices lower, flushing out retail positions before the market resumes an upward move. BorisD highlighted that historically, when Binance users increase spot buying, Bitcoin’s price often declines. On the contrary, when selling pressure rises, BTC tends to recover in price. He explained: This dynamic highlights the clear difference between retail and institutional behavior. Retail traders often act emotionally and position themselves on the wrong side, while institutions strategically engineer liquidity around these flows. In conclusion, the analyst said that although rising spot buying on Binance is encouraging, a positive delta does not always mean a bullish signal. On the contrary, it can expose retail buying pressure than can be exploited as an opportunity by institutions. Will BTC Fall Below $100,000 Price Level? Analysts remain divided on whether Bitcoin can set a new all-time high (ATH) in the near term. Some stress that BTC must hold above the $100,000 level to preserve its overall bullish structure. Related Reading: Bitcoin Weakness Vs. Ethereum Strength: On-Chain Data Reveals Divergence In a separate analysis, crypto analyst Alphractal remarked that the BTC market seems to be getting ready for its next major move in the coming weeks. Meanwhile, the Bitcoin Bull Score Index is giving signs of fading momentum, increasing risk of further downside. The Bitcoin market is also witnessing early signs of exhaustion, as asset manager BlackRock recently went on a BTC selling-spree, dumping about $500 million of the digital asset. Still, a number of analysts remain optimistic, with some forecasting a potential ATH of as high as $183,000 later this year. At press time, BTC trades at $109,841, down 1.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin price is showing bearish signs below $113,500. BTC is struggling to recover and might face hurdles near the $113,000 zone. Bitcoin started a fresh decline below the $111,400 zone. The price is trading below $111,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $111,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $112,500 resistance zone. Bitcoin Price Attempts Recovery Bitcoin price started a fresh decline after a close below the $112,500 level. BTC gained bearish momentum and traded below the $112,000 support zone. There was a move below the $110,500 support zone and the 100 hourly Simple moving average. The pair tested the $108,750 zone. A low was formed at $108,734 and the price recently started a recovery wave. There was a move above the $111,200 level. The price surpassed the 23.6% Fib retracement level of the recent decline from the $117,354 swing high to the $110,692 low. Bitcoin is now trading below $111,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $111,500 level. There is also a key bearish trend line forming with resistance at $111,550 on the hourly chart of the BTC/USD pair. The first key resistance is near the $112,000 level. The next resistance could be $113,000 or the 50% Fib retracement level of the recent decline from the $117,354 swing high to the $110,692 low. A close above the $113,000 resistance might send the price further higher. In the stated case, the price could rise and test the $114,200 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500. Another Drop In BTC? If Bitcoin fails to rise above the $111,550 resistance zone, it could start a fresh decline. Immediate support is near the $110,500 level. The first major support is near the $109,200 level. The next support is now near the $108,500 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,500, below which BTC might accelerate lower. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,500, followed by $106,500. Major Resistance Levels – $111,500 and $113,000.

On-chain data shows Bitcoin is fast approaching the cost basis of the short-term holders, a retest of which could potentially change the asset’s course. Bitcoin Is Nearing The Short-Term Holder Realized Price As pointed out by CryptoQuant author Axel Adler Jr in a new post on X, Bitcoin could be closing in on the Realized Price of the short-term holders. The Realized Price here refers to an on-chain indicator that measures the cost basis of the average investor or address on the BTC network. Related Reading: Bitcoin Dives As On-Chain Data Shows Every Cohort Now Selling When the cryptocurrency’s spot price is trading above this indicator, it means the holders as a whole are sitting on some net unrealized profit. On the other hand, it being under the metric suggests the overall network is underwater. In the context of the current topic, the Realized Price of a specific segment of investors is of focus: the short-term holders (STHs). These are the holders who purchased their BTC over the past 155 days. Here is the chart shared by the analyst that shows the trend in the Bitcoin STH Realized Price over the past year: As displayed in the above graph, the Bitcoin STH Realized Price has gone up recently as investors have participated in trading at the post-rally prices. Today, the average cost basis of the holders who purchased in the past five months sits at $107,000. Earlier, the cryptocurrency was at a comfortable distance above this line, but the latest bearish momentum has meant that its price has come dangerously close to a retest of it. Historically, the STH Realized Price has often acted as an important psychological barrier for Bitcoin. The reason behind the trend lies in the fact that the STH cohort represents the weak hands of the market, who tend to easily react to shifts. Generally, when the market mood is bullish, the STHs react to retests of their cost basis from above by accumulating, believing the ‘dip’ to be worth buying. This can make the level a support line during uptrends. Similarly, in bearish phases, these investors provide resistance by selling into their cost basis, fearing losses. Related Reading: 215% PENGU Rally Incoming? Analyst Says Token ‘Inches’ From Next Leg Up The STH Realized Price isn’t the only support level nearby for Bitcoin right now. As Adler Jr has highlighted in the chart, the 200-day simple moving average (SMA) of the asset’s spot price is currently situated at $100,700. Considering this, a retest of the zone bounded by the STH Realized Price and this technical analysis line, if one occurs, could prove to be a significant one for the cryptocurrency. BTC Price Bitcoin fell to a low of around $108,800 during the past day, but the asset has since seen a small jump back to $109,800. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Bitcoin is facing a pivotal moment as it consolidates just above the $110K level after slipping below the $112K support yesterday. Bulls are attempting to hold this level to avoid further downside and to spark a recovery rally. However, many analysts remain cautious, pointing out that momentum has weakened since Bitcoin’s all-time high just over a week ago, with the market now retracing more than 10%. Related Reading: Bitcoin CEX Netflows Still Green Despite Large Sellers Rotating To Ethereum Top analyst Axel Adler shared critical insights, highlighting that the nearest strong support lies within the $100K–$107K range. This zone is particularly important as it represents the confluence of two major indicators: the Short-Term Holder (STH) Realized Price and the 200-day simple moving average (SMA). Historically, these overlapping metrics have acted as strong levels of defense during prior bull cycles, helping Bitcoin maintain its long-term uptrend. If Bitcoin loses the $110K level decisively, a test of this deeper support band becomes likely. At the same time, sentiment across the market suggests a delicate balance: while fundamentals such as institutional adoption remain strong, short-term traders are increasingly wary of another correction. The coming days will determine whether Bitcoin can defend its structure or risk a broader retracement. Bitcoin Support Levels: Key Insights According to Adler, Bitcoin’s current struggle around the $110K zone highlights how crucial strong support levels will be in shaping the next market phase. He points out that if BTC fails to hold the $100K–$107K confluent range, the next significant support lies deeper, around the $92K–$93K region. This zone reflects the cost basis of short-term holders who acquired Bitcoin within the past three to six months. Historically, such levels act as “last defense” areas where buyers step in, as these investors tend to be highly sensitive to price swings. Adler stresses that losing the $100K–$107K level would likely trigger a sharp reaction in the market, as it not only aligns with the 200-day SMA but also the Short-Term Holder Realized Price. A break below would shift sentiment, possibly leading to panic selling before stability re-emerges near the $92K–$93K area. Despite these risks, Adler and many other analysts still expect Bitcoin to reclaim momentum in the medium term. They argue that strong fundamentals, ranging from institutional adoption to declining exchange reserves, support the thesis of BTC pushing past all-time highs in the coming months. For now, however, the $100K–$107K range remains the battleground that will decide Bitcoin’s near-term direction. Related Reading: Ethereum Whale Demand Surges On Binance As Price Nears $5,000 BTC Price Analysis: Key Levels To Hold Bitcoin is trading near $110,213 after a sharp retrace, showing signs of struggle as bulls attempt to stabilize the market. The chart highlights a critical test at the 200-day moving average (200D SMA, red line), currently sitting just below the price and acting as the last major dynamic support. This level has historically provided strong protection during corrections, and losing it could trigger deeper declines. The 50-day (blue) and 100-day (green) SMAs are now turning into resistance levels after being breached in recent sessions. Both indicators cluster in the $111K–$116K range, signaling heavy selling pressure above. The broader structure shows Bitcoin has failed to reclaim the $123K zone, its recent all-time high, and has instead shifted into a consolidation phase marked by lower highs and testing supports. Related Reading: Ethereum Upper Realized Band Signals Market Heat: Profit-Taking Zone Ahead? If BTC loses the $110K zone, the next major support lies in the $100K–$107K range, aligning with Adler’s view that this area represents the STH (short-term holder) realized cost basis and the SMA 200D confluence. On the upside, reclaiming $115K will be the first step for a recovery. For now, Bitcoin remains in a vulnerable but critical zone where the next move will dictate whether bulls can regain control. Featured image from Dall-E, chart from TradingView

As the Bitcoin (BTC) price momentum begins to wane, the market’s leading cryptocurrency has retraced to the $110,000 mark, raising concerns about a potential shift into a new bearish cycle.  CryptoBirb, a noted trader and analyst, suggested in a recent social media analysis that Bitcoin has only about 60 days of growth left, indicating that it is currently 93% into its cycle, which has lasted 1,007 days.  This analysis aligns with the ongoing Cycle Peak Countdown indicator, hinting at a critical juncture for the leading cryptocurrency as it approaches the conclusion of its current bullish phase. Potential Peak And Bear Market Timing In examining historical cycles, CryptoBirb highlights significant patterns that may inform future price movements. The analyst points out the duration of past cycles: from around 350 days in the early years to over 1,000 days in more recent cycles.  Presently, Bitcoin’s trajectory is  reportedly tracking toward approximately 1,060 to 1,100 days, placing it in the final 5-8% of this current bullish cycle, holding significant implications for the broader digital asset market as well. Related Reading: Pro-XRP Lawyer Blasts SEC Lead Counsel In Ripple Case Following Conclusion The Bitcoin Halving which took place last April is also a pivotal factor. Historical data reveals that previous Halvings have led to peaks in price approximately 492 days later, suggesting a target window between October 19 and November 20, 2025.  This timeline reinforces the notion that the market is merely 60 days away from a potential peak, with historical cycles indicating that the next significant bear market may not occur until 2026. CryptoBirb also outlines the patterns observed during past bear markets, noting that they typically last between 364 and 411 days, with average losses around 66%. If such a scenario plays out, the next bearish phase could see BTC retracing toward $37,000 once again.  Bitcoin Support And Resistance Levels August and September have historically been challenging months for Bitcoin, with average returns dipping significantly. However, October and November are traditionally among the strongest months, aligning perfectly with the anticipated cycle peak. Related Reading: Machine Learning Algorithm Predicts Ethereum Price Will Cross $9,000, Here’s When From a technical standpoint, Bitcoin’s current price sits just above key support levels, with the weekly chart indicating a mean-based support of $97,094 and a critical resistance level at $117,058. The analyst advised monitoring these key price levels closely in the coming weeks, as movements below $110,000 could signal a bearish trend. BTC is currently holding just above this support floor after increased volatility. Despite this, on-chain metrics remain relatively healthy, with mining costs around $97,124 and no immediate signs of capitulation. Although recent exchange-traded fund (ETF) flows have shown outflows, the overall market structure suggests a cautious optimism.  To conclude, CryptoBirb notes that while the current sentiment may be mixed, the convergence of cycle mathematics, Halving events, and historical seasonality suggests that the market could be gearing up for a significant finale in the fourth quarter.  Featured image from DALL-E, chart from TradingView.com 

Bitcoin’s recent breakdown has rattled traders, with the price slipping below key support levels and sparking fresh concerns over the market’s direction. While a relief bounce may occur, many crypto analysts warn it could be nothing more than a trap before deeper losses unfold. Bitcoin Loses Key Horizontal Support, Signals Weakness In a recent update on X, Alpha Crypto Signal highlighted that Bitcoin has now lost its crucial horizontal support zone. The inability to reclaim this level quickly underscores weakness in the market, signaling that bearish pressure remains firmly in play. The breakdown, according to the analyst, opens the door for deeper downside movement in the coming sessions. Related Reading: Why August Could Be Remembered As A Major Trap For Bitcoin And Crypto Market While a minor relief bounce from the $108,000 region could occur, it is unlikely to shift the broader outlook. Unless Bitcoin reclaims the broken support level with conviction, any short-term upward moves may only serve as setups for further decline. This suggests that bulls could struggle to regain control unless a decisive recovery materializes. The analyst further noted that the current structure favors sellers, with bounces seen as opportunities for short entries rather than signals of a potential trend reversal. This aligns with the broader bearish momentum observed across Bitcoin’s price action since the loss of its support base. As it stands, the bias remains firmly bearish, with lower targets likely to remain in play until Bitcoin proves otherwise by reclaiming the lost horizontal support.  BTC Slips Below The 100 EMA: A Bearish Signal Unfolds According to Cryptorphic, Bitcoin has fallen below the 100 EMA on the daily chart, a level widely regarded as a key trend indicator. The analyst explained that this breakdown is not a favorable sign for the bulls, as it often signals weakening momentum and the possibility of a deeper pullback.  Related Reading: Bitcoin Price Faces Heavy Obstacles on Its Recovery Journey This recurring pattern adds weight to the current bearish outlook, reinforcing the idea that the market may need to absorb additional downside pressure before stabilizing. With the loss of this support, Cryptorphic pointed out that the next area of interest lies around $103,000, where further correction could find temporary stability.  In conclusion, the crypto analyst made it clear that his focus will remain on whether Bitcoin can swiftly reclaim the 100 EMA in the coming sessions. A strong recovery above this level, he explained, would help preserve the broader uptrend and restore confidence among market participants. However, failure to reclaim the 100 EMA would likely allow bearish momentum to build further, increasing the risk of extended declines and testing lower supports. Featured image from Getty Images, chart from Tradingview.com

On-chain data shows all Bitcoin investor cohorts have pivoted to distribution recently, an indication that a shift in market mood has occurred. Bitcoin Accumulation Trend Score Has Turned Red For All Holders In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Accumulation Trend Score of Bitcoin for the various investor cohorts. The Accumulation Trend Score measures, as its name suggests, the degree of accumulation or distribution that BTC holders are participating in. Related Reading: 215% PENGU Rally Incoming? Analyst Says Token ‘Inches’ From Next Leg Up The indicator uses two factors to calculate the score: the balance changes happening in the wallets of the investors and the size of the wallets involved. This means that larger entities have a higher influence on the indicator. Now, here is a the chart shared by Glassnode that shows the trend in the Bitcoin Accumulation Trend Score across holder groups over the past year: As displayed in the above graph, the Bitcoin Accumulation Trend Score had a value greater than 0.5 for all investor groups back in July, implying a net accumulation behavior across the cohorts. Retail (under 1 BTC), whales (1,000 to 10,000 BTC), and mega whales (above 10,000 BTC) even saw the metric assume a value close to 1 for a while, which corresponds to a near-perfect accumulation trend. Earlier this month, the market buying started to show signs of weakness and now, the behavior has flipped across the holder groups with investors taking to distribution. Fish (10 to 100 BTC) lead the selling with an Accumulation Trend Score near zero. “The uniformity across cohorts highlights broad sell-side pressure emerging in the market,” notes the analytics firm. From the chart, it’s visible that the last time this pattern developed was in January. What followed the sector-wide selloff was a bearish period for Bitcoin. As such, it now remains to be seen whether the recent shift toward distribution would also lead to something similar. Another development that could potentially signal the oncoming of a bearish phase could be BTC’s retest of the Realized Price of the 1 month to 3 months old investors, as Glassnode has explained in another X post. The Realized Price is a metric that calculates the average cost basis of Bitcoin investors. The metric shown in the above chart tracks this value specifically for the holders who purchased their coins between 1 and 3 months ago. Related Reading: When Will Bitcoin Bottom Out? This Could Be The Signal To Watch At present, the indicator is sitting at $110,800, which is around where BTC has been trading following its decline. “Historically, failure to hold above this level has often led to multi-month market weakness and potential deeper corrections,” says the analytics firm. BTC Price At the time of writing, Bitcoin is floating around $109,900, down more than 5% over the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

The market’s leading cryptocurrency, Bitcoin (BTC), has recently attempted to stabilize around $112,000 after experiencing a sharp decline to $110,000 on Sunday, meaning a 10% drop from all-time high (ATH) levels.  Ahead of the Federal Reserve’s (Fed) September meeting, market expert Doctor Profit highlighted on X (formerly Twitter) the upcoming implications and the most important technical indicators that paint a bleak picture for Bitcoin (BTC) and the broader market. Fed Rate Cut To Trigger A New Market Correction? Doctor Profit emphasized that the current market environment is markedly different from previous cycles. He believes that the anticipated rate cut by the Fed next month could initiate a robust correction in both stocks and cryptocurrencies.  According to him, the first significant cut typically brings uncertainty, leading to divergent opinions among investors, and he predicts that this time will be no exception.  Related Reading: Ethereum Whale Demand Surges On Binance As Price Nears $5,000 Turning to Bitcoin’s technical indicators, the outlook appears bearish. The expert noted a substantial Chicago Mercantile Exchange (CME) gap around the $93,000 mark that needs addressing, with most liquidity concentrated in the $90,000 to $95,000 range.  The charts indicate a potential correction, highlighted by a double top formation and declining trading volume. Notably, Doctor Profit has asserted that the last price surge that saw BTC reach $124,000, was largely driven by futures rather than spot market activity, reinforcing the bearish sentiment. Bitcoin Price Forecast Market psychology plays a crucial role in this analysis. On-chain metrics and sentiment indicators reveal that retail investors often buy high and sell low.  The expert disclosed that during Bitcoin’s last dip from $110,000 to $98,000 between May and June of this year, it was primarily institutional investors who capitalized on the lower prices, while retail buyers missed out.  As prices climbed, retail investors entered the market at higher levels, Doctor Profit added, which could lead to a shakeout as Bitcoin approaches the critical liquidation zone of $90,000 to $95,000. Related Reading: Analyst Says It Doesn’t Matter What Analysis You Use, XRP Price Is Set To Explode Beyond Bitcoin’s price action, Doctor Profit warns that the current market sentiment reflects a false sense of optimism, suggesting that the prevalent belief in a sustained altcoin season is misguided. He cautions that as enthusiasm grows, larger players may begin to offload their positions, leaving retail investors exposed. Looking ahead, he forecasts a potential surge in Bitcoin prices towards $145,000 to $150,000, which could potentially mean a  34% increase from current levels. The expert also expects Ethereum (ETH) to reach between $7,000 and $8,000 following the September correction. When writing, Bitcoin trades at $112,560, recording a 6% drop in the fourteen-days time frame. Ethereum on the other hand, has continuously positioned among the market’s top performers with a 5% surge during the same period.   Featured image from DALL-E, chart from TradingView.com 

Bitcoin price is gaining bearish momentum below $112,500. BTC is struggling to recover and might continue to move down toward the $105,500 level. Bitcoin started a fresh decline below the $112,000 zone. The price is trading below $112,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $112,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $112,500 resistance zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline after a close below the $113,500 level. BTC gained bearish momentum and traded below the $112,000 support zone. There was a move below the $110,000 support zone and the 100 hourly Simple moving average. The pair tested the $108,750 zone. A low was formed at $108,734 and the price is now attempting to recover. It climbed above $109,500 but is still below the 23.6% Fib retracement level of the recent decline from the $117,354 swing high to the $110,692 low. Bitcoin is now trading below $112,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $110,750 level. The first key resistance is near the $112,500 level. There is also a key bearish trend line forming with resistance at $112,500 on the hourly chart of the BTC/USD pair. The next resistance could be $113,000 or the 50% Fib retracement level of the recent decline from the $117,354 swing high to the $110,692 low. A close above the $113,000 resistance might send the price further higher. In the stated case, the price could rise and test the $114,500 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500. Another Decline In BTC? If Bitcoin fails to rise above the $112,000 resistance zone, it could start a fresh decline. Immediate support is near the $108,500 level. The first major support is near the $107,200 level. The next support is now near the $106,500 zone. Any more losses might send the price toward the $105,500 support in the near term. The main support sits at $103,500, below which BTC might accelerate lower. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,500, followed by $117,200. Major Resistance Levels – $110,500 and $112,500.

Following another unsuccessful attempt to create a new all-time high (ATH), Bitcoin (BTC) dropped to a weekly low of $110,820 on the Binance exchange yesterday. The world’s largest cryptocurrency by market cap has now entered a clear pullback phase, with $105,000 emerging as the critical support level that traders are closely watching. Bitcoin Falls To $110,000 Amid Market Pullback According to a CryptoQuant Quicktake post by contributor BorisD, Bitcoin’s current distribution phase could extend for several more days. Wallet accumulation and distribution patterns highlight stronger sell-offs among BTC whales, raising questions about short-term price stability. Related Reading: Bitcoin Weakness Vs. Ethereum Strength: On-Chain Data Reveals Divergence For context, Bitcoin whales are individuals or entities that hold very large amounts of BTC, typically thousands of coins, giving them outsized influence on market trends. Their buying or selling activity can significantly move prices, making whale behavior a closely watched indicator for traders and analysts. Interestingly, smaller wallet cohorts are showing different behavior. Wallets holding 0–0.1 BTC recently switched back to accumulation mode as the broader market declined. These smaller holders typically follow the price rather than set the trend.  Wallets holding 0.1–1 BTC began accumulating even at ATH levels. This trend suggests retail investors remain confident in Bitcoin’s long-term trajectory. On the other hand, wallets with 1–10 BTC halted their selling around the $107,000 level and returned to accumulation. This trend hints that mid-sized holders see current price levels as attractive buying opportunities, despite overall market weakness. BTC Whales Continue To Sell Larger holders are displaying more cautious behavior. Wallets with 10–100 BTC stopped accumulating at $118,000 and have since moved into distribution.  BorisD pointed out that wallets with 100–1,000 BTC are the most important group to watch. While generally in accumulation mode, this cohort has shown a balance between buying and selling. The analyst added: They have shown balance between accumulation and distribution since $105,000, reflecting indecision. This level acts as a critical support-turning zone. Meanwhile, wallets with 1,000–10,000 BTC remain in consistent sell-off mode following the ATH of $124,474 reached on August 13. The largest wallets – holding more than 10,000 BTC – also began selling at those highs and continue to distribute. However, the pace of their selling has slowed as the price pulls back, indicating weakening distribution pressure. Related Reading: More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In The analyst emphasized that although distribution remains the dominant trend, its intensity is waning. The $105,000 support zone now stands out as the most crucial threshold. A decisive break below this level could shake market confidence and trigger widespread fear among investors. Fellow CryptoQuant contributor, Julio Moreno, recently stated that the CryptoQuant Bull Score Index moved into neutral territory. However, it must trade over $112,000 to avoid a sharper price correction. Another prominent crypto analyst, Tony “The Bull” Severino said that BTC’s path to $183,000 remains intact. At press time, BTC trades at $111,349, down 2.7% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin is entering a pivotal moment after failing to secure a close above the highly watched $125,000 all-time high. The rejection at this level triggered a sharp retrace, leaving bulls defending critical demand zones around $110,000–$112,000. This range is now seen as the line in the sand that could determine whether BTC resumes its bullish trajectory or faces deeper consolidation. Related Reading: Ethereum Faces High-Risk Setup: Leverage-Driven Rallies Signal Volatility Market analysts remain divided. Some highlight the resilience of buyers who continue to absorb selling pressure and maintain higher lows. Others, however, warn that failing to reclaim momentum soon could give bears the upper hand and accelerate a correction. Top analyst Axel Adler expressed caution, noting that large sellers have appeared on centralized exchanges in recent sessions. According to Adler, what’s concerning is that these sellers seem to lack proper execution strategies such as TWAP (Time-Weighted Average Price), which could amplify volatility and put further pressure on short-term price action. Despite these red flags, overall CEX Netflow remains green, signaling that buyers are still in control for now. However, Adler warns the balance is shifting: if sellers continue to increase their presence, buyers may soon be outnumbered, potentially tipping Bitcoin into a more pronounced downturn. Bitcoin Bulls Face A Test As Focus Shifts To Ethereum According to Axel Adler, this phase in Bitcoin’s cycle highlights the changing dynamics of institutional and corporate interest. Adler points out that “right now would be the perfect time for Saylor & Co. to step up their buying,” referencing Michael Saylor and other high-profile corporate investors who have historically supported Bitcoin at key levels. However, Adler also stresses that the corporate sector’s attention has clearly shifted toward Ethereum, where accumulation and leverage activity have been dominating headlines. This Ethereum frenzy, fueled by both whale accumulation and institutional inflows, has contributed to Bitcoin’s current stall. While ETH rallies toward new highs and captures market liquidity, BTC has consolidated, failing to generate the same momentum seen earlier in the year. For many analysts, this isn’t necessarily bearish—it reflects a rotation of capital within the crypto ecosystem. From a technical perspective, Bitcoin is testing its previous ATH zone as support, a critical level that bulls must defend. Holding this range could validate the current consolidation as healthy before a new push higher. However, a failure here could open the door to deeper corrections, especially if capital rotation into ETH continues at the current pace. Related Reading: Ethereum Upper Realized Band Signals Market Heat: Profit-Taking Zone Ahead? Testing Support At A Pivotal Level The daily Bitcoin chart shows price under pressure after failing to sustain momentum above $123K and reversing sharply lower. BTC is now trading near $111,829, just above the 100-day moving average at $111,567, which is emerging as critical short-term support. The 50-day moving average at $116,544 has flipped into resistance after last week’s breakdown, highlighting a weakening bullish structure. This zone around $111K–$112K is decisive. A confirmed close below would open the door for deeper downside, potentially targeting the 200-day moving average near $100,866, which coincides with a major psychological threshold at $100K. On the upside, bulls must reclaim the $115K–$116K region to regain momentum and set up another attempt at the $123K ATH. Related Reading: Ethereum Chain Dominates With $516M Net Inflows In 7 Days Price action shows that sellers have recently been in control, as reflected by consecutive lower highs and a failure to hold demand above $115K. However, as long as BTC maintains the 100-day MA, the broader uptrend remains intact, suggesting this could develop into a consolidation phase rather than a full reversal. Featured image from Dall-E, chart from TradingView

Bitcoin price is attempting to recover from $110,650. BTC is back above $112,200 but faces many hurdles on the way up to $115,000. Bitcoin started a recovery wave above the $112,000 zone. The price is trading below $114,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $114,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $114,500 resistance zone. Bitcoin Price Dips Again Bitcoin price started a fresh decline after a close below the $114,500 level. BTC gained bearish momentum and traded below the $113,200 support zone. There was a move below the $112,000 support zone and the 100 hourly Simple moving average. The pair tested the $110,6500 zone. A low was formed at $110,692 and the price is now attempting to recover. It climbed above the 23.6% Fib retracement level of the recent decline from the $117,354 swing high to the $110,692 low. Bitcoin is now trading below $114,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $113,600 level. The first key resistance is near the $114,000 level. There is also a key bearish trend line forming with resistance at $114,000 on the hourly chart of the BTC/USD pair. The next resistance could be $114,800 or the 61.8% Fib retracement level of the recent decline from the $117,354 swing high to the $110,692 low. A close above the $114,800 resistance might send the price further higher. In the stated case, the price could rise and test the $115,500 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500. Another Decline In BTC? If Bitcoin fails to rise above the $114,000 resistance zone, it could start a fresh decline. Immediate support is near the $112,500 level. The first major support is near the $112,200 level. The next support is now near the $111,500 zone. Any more losses might send the price toward the $110,650 support in the near term. The main support sits at $108,500, below which BTC might take a major hit. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $112,200, followed by $112,000. Major Resistance Levels – $113,500 and $114,000.

The Bitcoin price has struggled to retain any serious momentum over the past few weeks despite running to a new all-time high in that period. Over the past week, the flagship cryptocurrency fell below the $112,000 mark before experiencing some resurgence on the back of the US Federal Reserve (Fed) chairman Jerome Powell’s speech. However, the price of BTC appears to have returned to its sluggish pattern of action over the weekend, dropping to around $115,000 on Saturday, August 23. According to the latest on-chain data, the BTC price might be stuck in this phase of muted action in preparation for its next move. BTC Market Activity Wanes — What’s Next For Price? In a new post on social media platform X, Alphractal revealed that the Bitcoin market seems to be shaping up for the next big move in the coming weeks. This projection is based on the 30-Day Active Supply metric, which measures the number of unique coins that moved at least once over the past month. Related Reading: Bitcoin Price In A Trend Shift? Here’s Why $118K Might Be Vital For A Bullish Return The 30-Day Active Supply metric functions as a thermometer of the market interest in BTC, indicating both overheated and cool market conditions. When the metric rises, it suggests the inflow of fresh capital circulating and stronger investor activity. Historically, increases in the Bitcoin 30-Day Active Supply have often coincided with price tops and bottoms, especially as investors are inclined to move their coins around during times of extreme greed or fear. Hence, a rise in the metric can be associated with a potential market reversal. Meanwhile, a drop in the Bitcoin 30-Day Active Supply metric signals calmer market conditions with hesitation among investors, typically after periods of high stress or enthusiasm. When fewer coins are on the move and supply is relatively stable, a tightening effect takes place in the market. According to data from Alphractal, the Active Supply indicator shows that the Bitcoin market has witnessed a cooldown in activity in recent weeks. The on-chain analytics firm added that the slowdown in the market activity could mean that the BTC price is preparing for the next big move. With an improving macroeconomic environment, the Bitcoin price appears to be consolidating within a narrow range beneath its all-time high. Hence, a sudden spike in activity could see the market leader enter a new expansion phase, with the potential to hit new highs. Bitcoin Price At A Glance As of this writing, the price of BTC sits just above the $115,000 mark, reflecting an almost 2% decline in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by more than 2% in the last seven days. Related Reading: Analyst Predicts What Will Happen When XRP Price Hits $4, $10, $100, And $1,000 Featured image from Dall-E, chart from TradingView

The price of Bitcoin has struggled to make any real headway since reaching the former all-time high around $123,800 in mid-July. While the premier cryptocurrency set a new record-high price at around $124,120, it never really looked certain to go on a fresh bullish run. Over the past week, the market leader succumbed to severe bearish pressure, falling briefly beneath the $112,000 level on Thursday, August 21. However, the Bitcoin price—and the rest of the market—reacted positively to the speech of the US Federal Reserve (Fed) Chairman Jerome Powell on Friday, August 22. A prominent on-chain analyst on the X platform has identified a price level that could be crucial to Bitcoin resuming its bullish trend. What Does A Return Above $118,000 Mean For BTC? In an August 23 post on social media platform X, crypto analyst Ali Martinez pinpointed $118,000 as the most important level for Bitcoin’s next course of action. According to the online pundit, the price of BTC needs to quickly reclaim this price level in order to return to its bullish tracks. Related Reading: Bitcoin Slides Below $120K as Buyers Retreat, Is the Rally Already Over? This relevant indicator here is the Glassnode MVRV (Market Value to Realized Value) Momentum indicator, which helps in identifying macro market trends. This metric consists of the MVRV ratio and the 70-day simple moving average (SMA).  When the MVRV ratio breaks above this 70-day SMA, it indicates a transition into the bull market. Meanwhile, a break below the simple moving average signals a shift to the bearish phase. Typically, strong breaks above the MVRV 70-day moving average imply that large volumes of Bitcoin were purchased below the current price, showing that the holders are now in profit (light area in the highlighted chart). On the other hand, a strong breach below the moving average suggests that large volumes of BTC were acquired above the current price, with the holders in the red (shaded area in the chart below). As observed in the chart above and highlighted by Martinez, the Bitcoin price is witnessing a trend shift at the moment. The crypto analyst then suggested that the 70-day SMA is currently around the $118,000 region, with the MVRV ratio needing to break above the moving average for Bitcoin to return to bullish momentum. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $116,217, reflecting an over 2% increase in the past 24 hours. However, the flagship cryptocurrency is still down by more than 1% on the weekly timeframe. Related Reading: Analyst Puts XRP Cycle Top Above $20, But Says Price Must Hold Last Line Of Defense Featured image from iStock, chart from TradingView

Prominent analytics firm Glassnode has shared new on-chain insights into the Bitcoin market, pointing to the next major support zone amid a euphoric market mood on Friday. The world’s leading cryptocurrency briefly surged to above $117,000 after comments from US Federal Reserve Chairman Jerome Powell signaled a possible shift away from the central bank’s long-standing hawkish stance. Related Reading: When Will Bitcoin Bottom Out? This Could Be The Signal To Watch Bitcoin’s Crucial Defense Level At $104,000–$108,000: Data In an X post on August 22, Glassnode explains that Bitcoin’s UTXO Realized Price Distribution (URPD) suggests the $104,000–$108,000 range has emerged as a critical support zone, backed by significant investor activity. Notably, more than 1.15 million BTC were accumulated within this price band over the past year, creating a dense cluster of realized prices that may act as a strong floor for the market. For context, the URPD model tracks the distribution of Bitcoin’s supply across different price levels, effectively highlighting where coins last changed hands. Heavy accumulation within a narrow range often translates into robust support, as holders who bought at those levels are less likely to sell at a loss. Currently, Bitcoin is trading near $116,000 after a slight retracement following the price rebound on Friday.  In the event of a further correction, prices are likely to retest the $104,000–$108,000 range, which currently holds the largest cluster of realized prices below the present spot market price, underscoring the importance of this support zone in the short-term outlook. Related Reading: Crypto Strategist Sounds The Alarm: Bitcoin Surge Could Clash With Fed Reserve Goals Powell’s Policy Shift Drives $300 Million To Bitcoin Futures Market In other developments, CryptoQuant analyst Darkfost reported a sharp surge in Bitcoin derivatives activity after Federal Reserve Chairman Jerome Powell hinted at a potential shift in monetary policy during his speech at the Jackson Hole Economic Symposium in Wyoming. Powell suggested that the Fed may be preparing to adjust its stance, citing the economy’s baseline outlook and evolving risk dynamics. The Fed Chair said: Our policy rate is now 100 basis points closer to neutral than it was a year ago, and the stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance. Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance. Within 15 minutes of this speech, Darkfost noted that nearly $300 million flowed into Bitcoin futures products, pushing Binance’s BTC Open Interest to about $13.3 billion. The spike reflects investors’ positioning for potential interest rate cuts at the upcoming FOMC meeting in September after Powell’s hint of potential easing of the Fed’s monetary policy. At press time, Bitcoin trades at $115,850, reflecting a price gain of 2.25% in the past 24 hours despite recent gains. Featured image from iStock, chart from Tradingview

The world’s largest asset manager, BlackRock, has notably been on a Bitcoin selling spree throughout this week, triggering a wave of sell-offs in the process. These sales have occurred due to the outflows that the asset manager has witnessed from its BTC ETF.  BlackRock Dumps Around $500 Million In Bitcoin Arkham data shows that BlackRock has offloaded around $500 million in Bitcoin this week, with transfers to Coinbase, a move that indicates a move to sell these coins. The asset manager has sold these coins following outflows from its iShares Bitcoin ETF, which was the norm throughout this week. Related Reading: BlackRock’s Crypto Holdings Balloon As Bitcoin, Ethereum Reach For New ATHs — Here Are The Numbers SoSo Value data shows that BlackRock’s Bitcoin ETF first recorded a daily net outflow of $68.72 million on August 18. The fund then further saw net outflows of $220 million, $127.49 million, and $198.81 million on August 20, 21, and 22, respectively. Notably, the iShares Bitcoin ETF has accounted for most of the outflows, with the BTC ETFs as a group currently on a six-day streak of consecutive net outflows.  These Bitcoin ETFs have seen total net outflows of almost $1.2 billion since August 15. Meanwhile, in just this week alone, over $1.1 billion has left these funds, sparking a bearish sentiment for the BTC price. Given BlackRock’s position as a major player in the Bitcoin ecosystem, outflows from its fund had sparked a wave of sell-offs. This led to a massive decline for the flagship crypto earlier in the week.  The Bitcoin price had dropped to as low as $112,000 this week as BlackRock and other BTC investors took profit on their investments. This followed the flagship crypto’s rally to a new all-time high (ATH) of $124,000 last week. However, BTC has now sharply rebounded on the back of Jerome Powell’s Jackson Hole speech, in which he indicated that a rate cut might happen in September.  An End To The BTC ETF Outflow Streak Notably, Powell’s speech was enough to spark fresh inflows into the Bitcoin ETFs on August 22, with BlackRock the only fund manager that recorded a net outflow on the day. Further data from SoSo Value shows that Cathie Wood’s Ark Invest recorded a daily inflow of $65.47 million, the most among the issuers on the day.  Related Reading: Analyst Warns Investors To Avoid Bitcoin At All Cost As Price Is Going Below $60,000 Meanwhile, Fidelity, Van Eck, Franklin Templeton, Bitwise, and Grayscale recorded inflows of $50.88 million, $26.41 million, $13.51 million, $12.70 million, and $6.42 million, respectively. However, BlackRock recorded an outflow of $198.81 million, which led to a daily net outflow of $23.15 million for the funds as a group. With the Bitcoin price rebounding, these funds, including BlackRock’s IBIT, could return to witnessing significant daily inflows from next week. At the time of writing, the Bitcoin price is trading at around $115,900, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com