Bitcoin under pressure: $113,536
BTC is lagging the market (-3.33%). Weekly losses hit -5.46%, but YTD gains remain strong at +86%.
1 Macro backdrop - New U.S. tariffs and Fed uncertainty weigh on risk assets.
2 Technical breakdown - Losing $115K triggered $113M in liquidations.
3 Cooling demand - Inflows slowed to 30K BTC/month, though whales are buying the dip (+20KB $BTC).
Key notes:
RSI (40) signals room for further downside.
Support: $112K (78.6% Fib) → $110K psychological level.
In focus: U.S. CPI (Aug 16) and Powell's Jackson Hole speech (Aug 22).
This looks more like a correction after the rally.
Retail is panicking, while whales are accumulating historically a setup for the next leg higher.