TL;DR Bitcoin drops 6% as over 130,000 traders face $550M in liquidations amid short squeeze pressure. Short-term holder behavior is steady at 47% share with no net flow in the last 30 days. All eyes on Trump-Zelenskyy meeting, Fed minutes, and Powell’s Jackson Hole speech as BTC struggles below ATH. Bitcoin Pulls Back After Tapping
Crypto finance company Matrixport highlighted Bitcoin’s recent pullback in its analysis published today. Matrixport: Bitcoin Could Retest $112,000 Support The report stated that Bitcoin, contrary to expectations, failed to maintain its downtrend line, but the current decline is expected to be limited. According to the analysis, with a cautious tone prevailing in the markets, the
Bitcoin BTC$115,226.18 has fallen more than 7% dipping below $115,000, since hitting its all-time high of over $124,000, as traders booked in over $3.5 billion of realized profits across the weekend, according to Glassnode data. Saturday alone saw $3.3 billion in profit taking, the largest single-day figure since mid-July and one of the highest in
Market commentator Jacob King warns that a major crash could be “catastrophic” for Bitcoin and crypto investors, citing excessive leverage and market vulnerability. King, CEO of WhaleWire, took to X to point out how Bitcoin’s latest drop has impacted the broader crypto market. In his tweet, he noted that a mere 1% drop in Bitcoin’s
Justin Bons, founder of Cyber Capital, a cryptocurrency investment firm, has warned that the chances of Bitcoin (BTC) collapsing in the coming years remain high. Bons pointed to diminishing block rewards, which are set to fall to 0.39 Bitcoin by 2036 under the current halving schedule. At today’s prices, this would translate to an annual
Bitcoin has pulled back to around $115,000, marking a 6.8% decline below its all-time high of $124,128, reached on Aug. 14. Summary Bitcoin retreats to $115K, about 7% below its Aug. 14 ATH of $124,128. Binance whale distribution and rising exchange reserves signal ongoing selling pressure. Analysts see $114K support as crucial before a potential
A widely followed trader is issuing a warning, noting that Bitcoin (BTC) may be mirroring a pattern witnessed at the top of the 2021 bull market. In a new YouTube video, crypto trader Cheds tells his 50,300 YouTube subscribers that Bitcoin’s rally to a fresh all-time high last week before succumbing to another sell-off could
Story Highlights Bitcoin price plunges to $115K, facing tough resistance near $116K amid seller pressure. Doctor Profit warns September could be very red, citing history of repeated monthly losses. Trading plan suggests shorting Bitcoin at highs, then rebuying cheaper during September correction. Bitcoin, the world’s largest cryptocurrency, kicked off the week with a sharp fall