The current bitcoin market has entered a period of adjustment. Recent momentum has weakened, with both trading volume and funding rates declining. Seasonal factors in August combined with external uncertainties have made short-term sentiment extremely cautious. Technically, the $112,000 support is yet to be tested; if it breaks below $106,000, it may become the focus.

The market has strong expectations for a rate cut in September, but the Federal Reserve has not provided clear signals and still needs to consolidate. While there may be a technical rebound, its sustainability is in doubt. Currently, the core issue for bitcoin is the impact of economic growth expectations on volatility, and early investors' selling pressure continues to suppress the market. Everyone should patiently wait for bottom signals or a rebound in momentum. #比特币流动性危机 $BTC