📰 Latest Updates on Bitcoin
1. Market Volatility and Recent Decline
Bitcoin recorded a decline of nearly 3% on Friday, August 1, 2025, dropping to around $113,800 amid intense market liquidations and a global risk sentiment reversal.
Bitcoin ETF funds experienced withdrawals of $812 million in one day, the second-largest withdrawal day to date, led by Fidelity and ARK Invest.
2. Market Dynamics and Technical Indicators
According to the Binance Square platform, Bitcoin trades fell by about 2-3% in 24 hours, with support levels broken at $117,000, raising the likelihood – according to Murphy's analysis – of what is known as "gap filling" around 720,000 BTC accumulated at that level.
3. Institutional Inflows and Daily Withdrawals
Bitcoin ETF funds have seen a continuous rise in assets under management to about $146 billion, despite the current volatility.
4. Expanding Binance's Role on the Regulatory Level
Binance is acting as an advisor to governments on cryptocurrency legislation and as a reserve storage for Bitcoin, as part of its strategy to rebuild its image after previous disputes with the United States.
