has entered a sharp correction after reaching a new all-time high of $124,527 last week. The drop toward the $112,000 , $113,000 area has left many investors wondering: Is this just a pause in the uptrend, or the start of a new bear market?
Short-Term Pressures
Profit-Taking And Liquidations
After the strong rally since July, the market has seen heavy profit-taking and liquidation of leveraged positions. This was the main reason BTC fell quickly from 124k to near 112k.
ETF Flows Slowing Down
After Bitcoin ETF inflows hit a record in July 2025, the pace has slowed and even turned negative last week. This signals more cautious behavior from institutional investors.
Coinglass.com
SEC Investigation And Political Risk
The SEC is reported to be investigating Alt5 Sigma, a company working with World Liberty Financial, over a project linked to the Trump family, on allegations of overstated profits and stock price manipulation. These headlines add notable legal risk to the crypto sector.
Macro Factors And Jackson Hole
Many investors are waiting for Fed Chair Jerome Powell’s speech at the this weekend. Markets expect a rate cut in September. If expectations strengthen, risk assets like BTC may rise early on a “buy the rumor” effect. But any opposite signal could spark sharp volatility.
Technical Views:
Key Levels
- Support: $112,000 , $113,000 (Fibo 23.6%), next $105,000 , $107,000 (Fibo 38.2%).
- Resistance: $117,000 , $119,000. A breakout could send BTC back to retest the $124,527 high.
IUX
On the Daily Timeframe
The current pullback has not broken the long-term uptrend, as the price remains above the SMA200, a key trend support. Traders should keep watching for confirmation signals before entering.
On H4 Timeframe
The cluster chart (footprint chart) shows BTC reacting at support. Some bottom-fishing appeared as a buy imbalance helped the price bounce. However, Cumulative Delta (measuring the net strength of aggressive buyers vs sellers) has not yet turned positive against price, meaning buying pressure is still weak. This suggests the rebound is mainly technical and may lack strong momentum.
Coinmap.tech
Price is still supported by the SMA200, while RSI has entered oversold territory, increasing the chance of a short-term technical rebound. But if aggressive buying does not improve soon, selling pressure could return and extend the correction.
IUX
Key Points for Traders
- Short-term traders: Wait for confirmation of buying strength (Cumulative Delta, RSI exiting oversold) before attempting to catch the bottom.
- Long-term investors: Can keep holding as long as Daily SMA200 holds, but should manage risks carefully given macro policy uncertainty.
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