Price & Performance
Bitcoin is trading in the ballpark of $110–112K, down from its recent peak. Over the past week, it’s lost approximately 4%, dropping from highs above $117K following the Fed’s signals around interest rates at Jackson Hole.
Key Drivers Behind the Move
A major catalyst for the downturn was a “whale” sale—around 24,000 BTC—that triggered a sharp flash crash, reversing prior bullish momentum.
The decline has nudged Bitcoin into a critical support zone near $110–111K, which traders are watching closely.
Technical & Sentiment Landscap
Futures demand remains firm, with open interest soaring to record levels (~762,700 BTC), suggesting continued trader engagement—even amid weak spot prices.
However, options markets show a put-over-call premium, indicating a cautious or slightly bearish tilt.
On the technical side:
TradingView signals a “sell” rating today, albeit with a “buy” outlook over the week and month, highlighting a nuanced stance.
TradersUnion forecasts further short-term downside: estimates suggest ~-4.8% over the next 7 days to around $105K, while the 1-month outlook improves to ~$106.8K, with a 12-month projection near $116K. $BTC #MarketPullback #BTC
