BTC: As of August 20, 2025, the current price of BTC is $155,000; yesterday's closing pattern was a "small bearish line," with average volume, and short-term bears still dominate.

On-chain data shows that the Bitcoin turnover rate has decreased. Notably, players with costs in the $95,000 range have begun to show signs of turnover. Yesterday, the net outflow of the U.S. spot Bitcoin ETF was 4,504, worth $523 million, which has weakened institutional confidence, leading to a certain amount of selling pressure in the short term.

According to URPD data, 1.627 million Bitcoins have accumulated in the $100,500-$107,000 range; 1.582 million Bitcoins have accumulated in the $93,500-$98,500 range.

Overall, Bitcoin may experience a sharp rebound in the short term, but the rebound high may be limited, and it may still undergo a second bottoming process before effectively stabilizing. The area around $112,000 is expected to remain a key support level.