#MarketPullback

📉 BTC & ETH: Are We in a Healthy Pullback?

Bitcoin (BTC)

BTC has dropped from its recent high (~$123K on July 14, 2025) to around $112K–$116K, representing a ~3–7% retracement .

Analysts view this as a normal pullback, with the latest 6% drawdown falling within typical volatility levels for a bull market .

On‑chain metrics like STH‑SOPR and supply in profit (~91.7%) point to a controlled correction—not panic selling .

Key support zones: $113K, and deeper support near $111K .

Resistance remains near the $116K–$120K zone — a breakout above could lead to a move toward $136K–$140K next .

Ethereum (ETH)

ETH saw a ~2–3% pullback to around $3,600–$3,700 .

Despite the dip, ETH remains above major moving averages (20‑/50‑/100‑/200‑day EMAs), signaling strong bullish structure .

ETF inflows, especially via BlackRock’s iShares ETH ETF, are supporting institutional demand .

Traders expect ETH may bounce toward $3,800, but a drop to $3,400 remains possible if support weakens .

🔍 Market Drivers Behind the Pullback

Macro shocks: Renewed U.S. tariff jitters, especially tariffs on imports, triggered broader risk‑off sentiment across asset classes, leading crypto to mirror equities weakness .

Liquidity dynamics: Over 1 million traders were liquidated, mostly long positions, as the market shed over $230B in total crypto cap (~6% drop) in just one day .

Seasonal pullback context: Historically, August pullbacks have preceded strong crypto rallies later in the year—but this is no guarantee .