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#Bitcoin Hits $124K Then Slides to $115K: Analysts Warn of Bearish Pressure Amid U.S. Macro Risks
Bitcoin’s Rollercoaster: From All-Time High to $115K
Bitcoin’s (BTC) recent performance has left investors on edge. On August 14, 2025, the world’s largest cryptocurrency reached a new all-time high of $124,474, sparking excitement across global markets. However, within just four days, $BTC plunged to the $115,000 region, hinting at mounting bearish pressure and growing uncertainty among traders.
BTC Price Chart
The sharp decline has shifted attention to Bitcoin’s key support levels, which could potentially provide a short-term rebound. While market sentiment still indicates possible upside, analysts are cautioning investors about the risk of a major corrective phase.
Analysts Warn of a Looming Downturn
U.S. macroeconomic indicators are pointing to potential headwinds for Bitcoin, suggesting that broader markets may follow suit.
A particularly useful metric is the ICE BofA Option-Adjusted Spreads (OASs), which tracks investor risk appetite in the U.S. Historically, spikes in this metric precede Bitcoin upswings, often signaling the formation of a local bottom.
Currently, the OAS metric remains in a lower range, hinting at the possibility of a gradual decline rather than an immediate recovery.
ICE BofA Option-Adjusted Spreads (#OASs ) BTC Chart Source: Alphractal
Crypto analyst Joao Wedson emphasizes the significance of the current U.S. macro landscape. He notes that bearish sentiment has been building since 2022 and believes Bitcoin may face challenges in the coming years:
“Euphoria is the most likely scenario before #BTC enters an aggressive bear market sooner or later. The path to 2026 favors the bears. I believe much of 2026 and beyond will be very bad for the U.S. economy.”
Wedson’s assessment suggests that while BTC has shown record-breaking gains, macroeconomic pressures could limit its sustainability over the medium term.
read more 24crypto .news
Bitcoin’s Rollercoaster: From All-Time High to $115K
Bitcoin’s (BTC) recent performance has left investors on edge. On August 14, 2025, the world’s largest cryptocurrency reached a new all-time high of $124,474, sparking excitement across global markets. However, within just four days, $BTC plunged to the $115,000 region, hinting at mounting bearish pressure and growing uncertainty among traders.
BTC Price Chart
The sharp decline has shifted attention to Bitcoin’s key support levels, which could potentially provide a short-term rebound. While market sentiment still indicates possible upside, analysts are cautioning investors about the risk of a major corrective phase.
Analysts Warn of a Looming Downturn
U.S. macroeconomic indicators are pointing to potential headwinds for Bitcoin, suggesting that broader markets may follow suit.
A particularly useful metric is the ICE BofA Option-Adjusted Spreads (OASs), which tracks investor risk appetite in the U.S. Historically, spikes in this metric precede Bitcoin upswings, often signaling the formation of a local bottom.
Currently, the OAS metric remains in a lower range, hinting at the possibility of a gradual decline rather than an immediate recovery.
ICE BofA Option-Adjusted Spreads (#OASs ) BTC Chart Source: Alphractal
Crypto analyst Joao Wedson emphasizes the significance of the current U.S. macro landscape. He notes that bearish sentiment has been building since 2022 and believes Bitcoin may face challenges in the coming years:
“Euphoria is the most likely scenario before #BTC enters an aggressive bear market sooner or later. The path to 2026 favors the bears. I believe much of 2026 and beyond will be very bad for the U.S. economy.”
Wedson’s assessment suggests that while BTC has shown record-breaking gains, macroeconomic pressures could limit its sustainability over the medium term.
read more 24crypto .news
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