Bitcoin does not correct, it transfers: this is how the game progresses in silence.
Bitcoin is trading around 117,700 dollars, almost motionless in the last 24 hours, but with a slight loss of 0.4% in the last week and 2% in the last month.
August 13 marked a peak of 124,500 dollars and since then the correction was triggered. The superficial narrative talks about a pullback and market cooling, but that is just the facade. What has really moved the board in these days is not the whales, but the retail mass that, trapped in volatility, ended up liquidating positions in cascade.
On-chain data shows that behind that apparent storm, institutional demand remains intact. While small players sold under pressure, the big players remained calm and continued to absorb the available supply. The price may seem flat, but what is flat here is just the surface of a deeper movement.
