Current Situation $BTC
Bitcoin is currently trading around 112,699.35, slightly down by about -1.49% compared to the previous day.
According to other platforms, the price fluctuates between 111,000 USD and 113,000 USD according to the sources.
Context and Key Events
1. Weekend Flash Crash
A massive sell-off — called by a "whale" — of 24,000 BTC triggered a sharp drop in price, leading to a rapid market correction.
This movement not only affected BTC but also other cryptos (Ether, XRP), resulting in forced liquidations and capital outflows from ETFs.
2. Powell Effect (Jackson Hole)
A few days earlier, Fed Chairman Jerome Powell mentioned the possibility of interest rate cuts: this triggered a brief spike in Bitcoin towards 117,000 USD.
This rally collapsed with the crash caused by the massive sell-off.
3. Institutional Investor Position
MicroStrategy, one of the largest institutional holders of BTC, acquired 3,081 BTC between August 18 and 24 for about 356.9 million USD, at an average price of 115,829 USD per BTC.
Despite these purchases, the price has recently decreased, weighing on the valuation of their holdings.
4. Market Sentiment and Dynamics
Bitcoin is currently holding the psychological and technical threshold of 112,000 USD, considered an important support. Analysts expect a period of consolidation — or stagnation — as long as ETF flows and volatility remain moderate; Q3 is often historically calm.
Brief Technical Analysis
Level Interpretation
Key Support: ~112,000 USD Crucial area to watch for Bitcoin's stability
Important Resistance: 115–117,000 USD Any breakthrough could reignite the bullish trend, particularly driven by comments from the Fed
Short-term Risks Selling pressure and lack of immediate new positive catalysts
