Today, $BTC dropped below $118,000 ā and some people might see that as a sign of weakness. But in my view, this is just a natural pullback in whatās still a very strong rally.
BTC slid to around $117,500 after reaching above $120K earlier in the U.S. session. A 0.6% dip in 24 hours might sound scary, but trust me ā this isnāt panic time. In fact, this market is still standing on solid ground.
š A Cool-Off ā Not a Collapse
Other top cryptos also saw some red:
Ethereum $ETH hit nearly $3,700 earlier but cooled to around $3,550. Still, itās up over 4.5% today and 20% this week.
XRP made a new all-time high of $3.60, then pulled back slightly under $3.40, keeping 35% weekly gains.
The CoinDesk 20 Index also reached a record high of 4,133 before slipping 3.7%. But again ā this is normal. After big gains, some consolidation is healthy.
š What Iām Seeing in the Market
Coinbase analysts said something that really hit home for me. Theyāre calling this rally āstructurally strongā ā not driven by hype. That matches what Iām seeing too.
This isnāt like the bull runs of the past where prices were flying purely on speculation. Right now:
Derivatives markets look healthy, not overheated.
Liquidity is flowing in from institutions.
On-chain data shows accumulation ā not dumping.
š Rotation Is Real ā Not Just Bitcoin
While BTC cooled off a bit, other coins popped:
$DOGE , SUI, ADA, AVAX, UNI ā all showing double-digit weekly growth.
This shows a rotation is happening. Investors arenāt running away ā theyāre just reallocating into altcoins with momentum.
šŗšø Trump Signs GENIUS Act ā A Turning Point?
One of the biggest headlines this week was President Trump officially signing the GENIUS Act ā the first real crypto law in U.S. history.
This is a game-changer.
With clearer regulation, especially around stablecoins, the U.S. is finally starting to embrace crypto. And when Washington moves in a positive direction, markets respond. Thatās part of why we saw the rally earlier in the week.
š® Whatās Next for BTC?
Look ā Iām not ignoring the dip. Pullbacks happen. But as someone who watches this space closely every single day, Iām telling you: this market still has strength.
Coinbaseās Head of Research, David Duong, summed it up well:
> āBitcoinās advance stands on solid ground, not late-stage euphoria.ā
I agree 100%.
Between macro support, real demand, and solid market structure, I still believe Bitcoin can push past $130K or even $140K before summer ends.
š¬ Final Thoughts
To me, this week wasnāt a setback ā it was a signal. A signal that the market is maturing. That crypto is moving from wild speculation to structured growth. That governments are paying attention. And that opportunity is still very much alive.
Iām not worried about a $2K
pullback. Iām watching the bigger picture.
Because this?
This is far from over.
