Bitcoin (BTC) has sparked market-wide panic, plunging from its recent high of $123,218 to a daily low of $112,722 — erasing nearly $10,500 in value in just a few days. At the time of writing, BTC trades around $113,141, marking a sharp -2.47% drop over the last 24 hours.
Real-Time Price Snapshot (Aug 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’s Triggering the Sharp Sell-Off?
🔸 1. Technical Breakdown
BTC has slipped below critical support levels:
$118,900 → $115,500 → $113,776
These demand zones have now flipped into resistance, signaling a confirmed bearish structure.
🔸 2. Whale Selling Pressure
Large holders (whales) appear to have sold heavily near the $123K peak, setting off a chain reaction of liquidations and stop-loss triggers.
🔸 3. Weak Buyer Response
Even after touching $112,722, BTC saw little bounce volume — showing a lack of confidence from buyers.
🔸 4. Global Sentiment Shift
Geopolitical jitters — including Trump’s controversial remarks on India-Russia economic ties — have added uncertainty to global markets, rattling crypto investors.
📊 Multi-Timeframe Technical Breakdown
🕐 1H Chart
Sharp drop from $118.9K
Weak bounce — likely a bearish retest of $113.7K
Volume still favors sellers
⏱️ 4H Chart
Clear downtrend with major rejection at $119.8K
MA(5) and MA(10) show bearish crossover
Struggling to hold $113.2K — risk of a break below $112.7K
📆 1D Chart
Massive bearish engulfing candle
Momentum stalled after the $123K peak
If $112.7K fails, next supports lie at $107,957 and $102,453
🔮 What’s Next for Bitcoin?
📌 Short-Term Scenarios
✅ Scenario A – Relief Rally (Low Probability)
If BTC reclaims $115.5K with strong volume, a retest of $117.8K–$118.9K is possible.
Trigger: RSI divergence or positive macro news.
❌ Scenario B – Continued Breakdown (More Likely)
Failure to defend $112.7K could lead to drops toward $110K → $107K → $102K.
Trigger: Further whale exits, weak bounce volume, or broader market fear.
🧠 Pro Trader’s Strategy
Scalpers: Wait for a clear rejection or reclaim at $113.7K before entering.
Swing Traders: Avoid longs unless $115.5K flips into support.
Spot Buyers: Consider DCA entries near $107K–$102K, long-term support.
Leverage Users: Keep tight stop-losses — high volatility will wipe out overexposed positions.
🔥 Final Take
Bitcoin has entered a short-term bearish zone. This could be a healthy pullback in the larger bull trend, but the next 48 hours are crucial.
If $112.7K breaks, expect a
slide toward $107K and potentially $102K.
Smart traders are waiting — in this environment, panic or FOMO = REKT.
