#MarketPullback
š» Crypto Enters Typical August Pullback
Crypto markets are cooling down as August beginsāhistorically one of Bitcoinās weakest months, with an average decline of ~8% this time of year Indiatimes+7Binance+7Binance+7. Following July highs, the market is undergoing a classic seasonal retracement rather than a major crash Binance.
š Bitcoin Hits a 3āWeek Low
Bitcoin has slipped to around $114K, dropping nearly 2.2% in the last day and hitting a three-week low amid profit-taking after record highs near $123K Bloomberg+1Barron's+1. Market cap has declined roughly 7.3% to about $3.83āÆtrillion, with all topā100 coins turning red cryptonews.com.
š Institutional RiskāOff Sentiment
Investors are moving out of crypto as broader equity markets wobble over trade uncertainties and mixed jobs data Investopedia+1cryptonews.com+1. U.S. spot BTC ETFs saw outflows (~$115āÆmillion), although Ether inflows remain steadyāa sign of rotation toward relative safety within crypto cryptonews.com.
š§ Technical & Market Structure Signals
Altcoins continue underperforming Ethereum, indicating a shift toward perceived safer crypto assets BinanceBinance.
Analysts emphasize this pullback is under the 10% thresholdātypical for retracementsāand could be a healthy consolidation phase if support holds Binance.
š Bull vs Bear Outlook
There's an estimated 30% chance Bitcoin slides toward $100K by endāSeptember, while a 46% chance it reaches $150K by yearāend cryptonews.com.
Etherās momentum still looks strong: its price has climbed ~43% in the past month and analysts predict continued upside toward ~$4,800 assuming regulatory tailwinds persist marketwatch.com.
ā TL;DR Table
IndicatorStatus / ImplicationMonthly TrendAugust historically weak for crypto (~ā8%)BTC PriceDown to $114ā115K, pulling back after July highsAltcoinsUnderperforming ETH, signaling risk-off rotationRisk SentimentInstitutions pulling back; BTC ETF outflows ongoingOutlook Probability30% to $100K; 46% to $150K by year endETH PotentialMomentum remains; BTC alternative.