Crypto Pullback or Shakeout? August 1 Correction Tests Bull Case

📊 Market Recap – Aug 1, 2025

* 🔸Bitcoin dropped below $116K today after a sharp pullback.

* 🔷Ethereum & Solana also fell 5–8%, showing broad market weakness.

* 🔸The drop was linked to profit-taking and U.S. tariff news hitting risk assets.

* 🔷No proof of “cartel manipulation” — this looks like a normal correction.

* 🔸Bull cycle pullbacks of 10–30% are common before continuation.

* 🔷Year-to-date trend is still bullish, but momentum has cooled.

* 🔸Analysts are split: some see this as a shakeout, others warn of deeper downside.

* 🔷Key supports must hold or the correction could extend further.

* 🔸Volume spikes show heavy selling, watch if it normalizes for a reversal.

* 🔷Best practice: don’t panic-sell, use stop-losses, and stick to risk management.

🔥 MY POV:
This is likely a shakeout in an ongoing bull cycle, but with volatility high, patience and discipline matter more than ever.


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