• Price #BTC At a level of $114,839.13, which represents a decrease of 7.5% from its peak of $124,457

• • Long positions worth over $500 million have been liquidated as the leverage ratio in Bitcoin futures reaches its highest level in five years

• • The total market capitalization of cryptocurrencies has shrunk to $2.29 trillion, with a 24-hour trading volume of $65.04 billion

Key factors influencing the market

• • Expectations for interest rate cuts from the Federal Reserve have declined, shifting investor sentiment towards a more hawkish monetary policy

• • Excessive use of leverage has created a fragile market structure that is easily subjected to cascading liquidations

• • Asian markets recorded the largest drop (-$2,428), indicating regional profit-taking

• • Blockchain indicators show negative capital flow (-$125.34 million) with dominance of large sell orders

Effects of trading

• • Technical indicators show mixed signals: the MACD may be positive while the RSI remains neutral

• • A key support level has been identified at $115,000 (psychological level), with resistance at $120,000

• • The buying and selling ratio in futures (65.83% negative) and the imbalance in USDT (ratio 0.48) indicate continued caution

• • Institutions continue to accumulate despite individual selling, holding #MetapIanet 18,888 Bitcoins

Prevailing market sentiment

• • Community sentiment remains surprisingly positive (62.6% of investors are optimistic compared to 37.4% pessimistic)

• • Pessimists focus on leverage risks and technical collapse

• • Optimistic narratives focus on institutional adoption and supply-demand dynamics

• • Record trading volume in futures ($2.55 trillion in July) indicates increased market participation despite the volatility#PowellWatch #BinanceAlphaAlert #MarketPullback $BTC