🟠 BTC trading price ($BTC ): current: ~112,600 USD

• This is the average price during the morning session on August 3rd according to international time (approximately 6am–10am in Vietnam).

• Compared to the previous day (August 2nd), BTC price has decreased by about 0.6%, however, from the higher level of $116,000 at the beginning of the week, the decrease is deeper (~3.9%).

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🔻 Total decrease of ~3% in the past 24 hours

• In the 24 hours before the update, BTC fell from around $116,000 to the range of $112,600, equivalent to a decrease of nearly $3,400.

• Main reasons:

• Short-term panic selling after a series of previous rising days.

• Capital outflows from the market due to investors taking profits or converting to stablecoins.

• Influence from the global financial market (inflation instability and the forecast that the FED will keep interest rates high longer).

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⚠️ Liquidation of nearly $900 million long positions

• A “long position” is an order predicting that the price will rise. When the BTC price drops instead, these orders are “liquidated” (forced liquidation).

• Specifically:

• In the past 24 hours, the total liquidation value of long orders across the crypto market (mainly BTC) is about $900 million USD.

• This shows that many investors using high leverage (margin/leveraged) have been “liquidated”.

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📊 Market significance:

• Short-term market sentiment is weak, mainly due to investors panicking when the price drops unexpectedly.

• However, BTC is still in a higher accumulation trend compared to last month (when it was below $105,000), so the long-term uptrend structure has not been broken.

• Some experts believe this is a “shakeout” of leveraged positions to prepare for a potential rise if there is cash flow from ETFs or positive news.