#MarketPullback
📉 Why the Market Is Pulling Back
1. U.S. Tariffs & Macro Risk-Off Sentiment
On August 1, 2025, new U.S. tariffs triggered a broad sell-off. Bitcoin fell over 3%, dipping below $115K, while altcoins$ETH
like Ether, $XRP and Solana declined up to **9.5%** .
The uncertainty pushed investors into safe havens, reducing appetite for risk assets like crypto .
2. Margin Liquidations & Profit-Taking
Over $700M in long positions were liquidated within 24 hours, contributing to sharp price moves in Bitcoin and major altcoins such as ETH, SOL, XRP, and PEPE .
Notably, BitMEX co-founder Arthur Hayes sold roughly $13M worth of PEPE, and ENA during the pullback, signaling caution at high levels .
3. Technical Cooling After Rally
Bitcoin had reached $123K in mid‑July, then briefly pulled back toward $115K–$118K. Analysts see this as a typical pullback after overbought conditions, not a signal the bull run is over .
Some expect deeper corrections toward $111K or even $105K if downside momentum builds .
---
📊 What Analysts Are Saying
Fidelity notes the market may be entering the final ‘acceleration phase’ of this bull cycle, typically marked by sharp volatility and elevated prices before a peak .
Analyst Leshka.eth anticipates a bull‑market peak in August 2025, after which many tokens are likely to experience steep declines .
Fidelity and others continue to view Bitcoin as still in a bull cycle, with institutional adoption a key near‑term driver .
