BTC conclusion at this hour
Ongoing correction and macroeconomic uncertainties
Bitcoin is seeking support after a notable drop of nearly 8% in a week, falling from a historical high of around 124,000 USD to about 113,600 USD.
This pullback occurs in the context of high U.S. inflation data and anticipation of the Fed's speech at Jackson Hole, which could significantly influence monetary outlooks and risky assets like BTC.
Technical signals and market participant behavior
Bearish signals are observed in technical analysis, such as the break of important supports (e.g. 114.5 K USD) and indicators like MACD and RSI suggesting selling pressure.
On-chain volume and demand show a clear slowdown: apparent demand has dropped, and institutional purchases (ETFs, Strategy Company) are stalling.
Spot recoveries and accumulation
Despite this, several "whales" (large investors) are seizing the opportunity: Buying BTC during the dip (up to 200 BTC for about 23 million dollars).
Market sentiment, measured by the "Fear & Greed" index, has returned to neutral territory (50) after dropping into the "fear" zone (44).
Signs of possible maturity in the bullish cycle
Some analysts, particularly from Cointelegraph, suggest that the current rally could reach a short-term peak, based on the magnitude of the previous movement (~700%) and historical on-chain data.
Synthetic conclusion
Key elements Strategic interpretation
Current correction Natural correction after a bull run, influenced by the Fed
Accumulation Institutions and whales buying the dip — a sign of confidence
Upcoming volatility Powell's speech at Jackson Hole highly anticipated — possible pivot
Technical context Cautious technical analysis — possible consolidation around 110,000–114,000 USD
Market cycle Some see it as a terminal phase — others a simple plateau
