Bitcoin (BTC) just triggered a panic sell-off in the market, dropping from a recent high of $123,218 to a daily low of $112,722 — destroying nearly $10,500 in value over a few days. BTC is currently trading around $113,141, marking a sharp decline of -2.47% over the last 24 hours.

Real-time price snapshot (August 1, 2025):

Current price: $113,141.

24h high: $116,362

24h low: $112,722

Volume (USDT): $2.9 billion

Volume (BTC): 25,214 BTC.

❗ What is causing this sharp sell-off?

🔸 1. Technical analysis:

BTC broke below key supports:

$118,900 → $115,500 → $113,776

These levels acted as strong demand zones but have now turned into resistance, confirming a bearish structure.

🔸 2. Whale selling at peak levels:

Whales likely dumped huge volumes around $123K, creating cascading liquidations and triggering automatic stop-losses.

🔸 3. Weak buyer reaction at supports:

Even when BTC touched $112,722, there was no significant rebound volume, indicating weak confidence from bulls.

🔸 4. Shift in global risk sentiment:

Geopolitical comments, including Trump's controversial remarks about India's and Russia's economic ties, as well as broader macroeconomic concerns, may have undermined investor confidence.

📊 Multi-level technical analysis.

🕐 1H Chart:

Sharp drop from $118.9K.

The current rebound looks weak — likely a bearish retest of the $113.7K zone.

Volume indicates sellers still control the situation.

⏱️ 4H Chart:

The downward trend is clearly maintained.

Major rejection from $119.8K.

MA(5) and MA(10) show a bearish crossover.

The price is struggling to hold $113.2K — risk of falling below $112.7K again.

📆 1D Chart:

Huge bearish engulfing candle.

Bullish momentum lost after the peak at $123K.

If $112.7K breaks decisively, the next strong support is at $107,957, then $102,453.

🔮 What's next for Bitcoin?

📌 Short-term scenarios:

✅ Scenario A – Relief (Low probability):

If BTC regains $115.5K with volume, it may test $117.8K–$118.9K.

🔺 Trigger for a rebound: RSI divergence or macroeconomic news.

❌ Scenario B – Continuation of the decline (More likely):

Failure to hold $112.7K opens the way to $110K → $107K → $102K.

🔻 Trigger: Further whale exits, low rebound volumes, or broader market fear.

🧠 Professional trader's corrective strategy:

Scalpers: Wait for a clear rejection or recovery at $113.7K before entering.

Swing traders: Avoid long positions unless $115.5K becomes support.

Spot buyers: Consider DCA in the $107K–$102K range, long-term support.

Leveraged users: Use hard stop-losses — high volatility will hunt over-leveraged positions.

🔥 Final takeaway.

Bitcoin just entered a short-term bearish zone. While this could be a healthy correction in a long-term bull market, the next 48 hours are critical. If BTC loses $112.7K, we are likely headed towards $107K and below.

Smart money remains in place. FOMO or panic = REKT.

📍 Key levels to watch:

Resistance: $113.7K / $115.5K / $118.9K.

Support: $112.7K / $110K / $107K / $BTC #Binance #TrumpTariffs #BinanceSquareFamily