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#TrumpFiresFedGovernorCook Bitcoin Faces 8–10% Correction as Analyst Stresses Market Resilience. Bitcoin trades at $110K after an 8% correction, with exchange outflows rising as analysts highlight past deeper drawdowns. Bitcoin has retreated sharply after reaching record highs, leading to questions over whether the recent 8–10% correction shows weakness or normal market behavior. The digital asset peaked above $110,000 earlier in 2024 but has since fluctuated between $60,000 and $122,000. Most recently the price action trending sideways. According to analyst IT Tech on X, such corrections are routine within long term cycles. The analyst emphasized that earlier drawdowns during 2024 and early 2025 reached over 20%, yet the bullish structure endured. Price Fluctuations and Current Trading Phase Bitcoin’s trading range has narrowed in recent weeks, moving between $95,000 and $122,000. In early August, the asset stood around $120,000 to $122,000, while mid August saw attempts at $125,000. However, by August 25, the price dropped closer to $110,000. This placed Bitcoin near an 8% drawdown from its all time high, a zone noted as a modest correction compared with previous steeper pullbacks. Past declines reached 20% or more, taking the price as low as $55,000 before rebounding. Exchange Netflows Show Heavy Outflows Alongside price movements, exchange data shows a consistent trend of outflows during August. Outflows, often seen as tokens moving to private storage, dominated from August 15 to August 25. Several instances exceeded $100 million, with one surpassing $250 million on August 20. Inflows, by contrast, spiked at specific dates including August 5, 9, 13, and 22. The largest inflow occurred on August 9, above $200 million, shortly before a local price top. These inflows consistently aligned with short term selling pressure during August. #BTCWhalesMoveToETH #Write2Earn #FedDovishNow #MarketPullback $BTC

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#MarketPullback Bitcoin Holds 112K Support as Whale-Induced Drop Shakes Market Momentum. Bitcoin (BTC) faces a crucial moment as it tests the 112K support level following a sharp market move. After rejecting resistance near 119K–120K, price action shows Bitcoin precariously holding above the support line established since May 22. BTC Tests Critical Support Zone The daily chart indicates Bitcoin has fallen back after strong resistance rejection. The 112K level has consistently acted as a springboard since the May high. A break below this line would mark a structural shift in the market. Crypto analyst CrypFlow commented on the current setup, stating that RSI levels are hovering near 40. If this threshold is breached, it would indicate growing bearish momentum. Stochastic RSI has indicated the existence of a bearish cross, indicating a decline in short-term momentum. So long as the bulls are unable to reestablish order, the downward run might widen to embrace the market as a whole. The path forward remains clear: holding 112K could trigger a bounce toward the upper range. Conversely, a breakdown could open the door for a deeper correction. Whale Activity Triggers Market Volatility Recent trading activity shows a massive BTC whale dumped 24,000 coins, roughly $2.7 billion, across major exchanges. This triggered a $4K drop within minutes, causing cascading liquidations. ZYN tweeted that no macro or news catalysts were responsible, confirming the move as a liquidation event rather than a natural market correction. Ethereum also dropped shortly after reaching a local high. The whale still holds 152,874 BTC, valued at approximately $17 billion. The sell-off did not reduce the whale’s holdings, indicating a strategy to trigger liquidations rather than exit positions.#BTCWhalesMoveToETH #CryptoRally #Write2Earn #HEMIBinanceTGE $BTC

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