📉 Main factors that pulled Bitcoin down

1. US tariffs and weak employment data pressure financial markets

New trade tariffs promoted by the Trump administration (of up to 35%) caused a decline in global markets. Bitcoin fell about 3.2% in 24 hours, dropping below $115,000.

In parallel, US employment numbers came in below expectations, raising macroeconomic concerns and intensifying the flight to safe assets.

2. Technical reversal after Fed decision

The Federal Reserve opted to keep interest rates unchanged, frustrating expectations for monetary easing. As a result, risk assets like Bitcoin quickly depreciated after failing to break the resistance of US$$ 123,000.

3. Large liquidations and options expirations

Over US$700–751 million in cryptocurrencies were liquidated in 24 hours, massively affecting long positions, especially in Bitcoin and Ethereum. Deribit recorded about US$5.72 billion in Bitcoin options expiring, increasing the selling pressure.

4. Sales by “whales” and institutional investors

Short-term holders transferred about 21,400 BTC to exchanges, indicating profit-taking. Bitcoin ETFs also recorded large net outflows, resulting in automatic sales of positions.

5. Technical factors and unfavorable seasonality

Bitcoin faces resistance in the $106–108 thousand range, and historical patterns indicate that August tends to be a weak month for the cryptocurrency, with average losses of 5 to 20% in previous years.

Journalist Luís Alves