Stock market information for Bitcoin (BTC)

$BTC

BTC
BTCUSDT
92,653.4
+2.70%

$ETH

ETH
ETHUSDT
3,262.43
+1.72%

đŸ”» Why is Bitcoin “down nearly”?

Profit‑taking after record highs

Investors—and especially large players (“whales”)—sold into the rally. Over $9.4 billion of BTC moved to exchanges on July 15, signaling heavy selling pressure (BeInCrypto).

CryptoQuant reported Binance whale activity has spiked post‑ATH (Cointelegraph).

Liquidations and margin calls

A major wave of leveraged longs was liquidated—nearly $675 million wiped out in 24 hours—triggering further downward pressure (CoinGape, Finance Magnates).

Technical correction (“CME gap”)

A gap between $114–115K in CME futures often acts like a magnet for price. Analysts expect a re‑test of this zone (around $114K–$115K) before the next leg up (Barron's, Cointelegraph).

Rising inflation and less‑likely rate cuts in the U.S. (TradingView, Fidelity).

Pending U.S. crypto regulation (“Crypto Week”), creating short‑term uncertainty (Barron's).

📈 Could Bitcoin fall further?

Support zone: $114K–$115K—if that holds, it’s a strong base for recovery (Cointelegraph).

🧭 The bigger picture

Still in a bull run: Despite recent dips, Bitcoin is still up ~7% this week and 23% year‑to‑date (Barron's).

Potential upside: Analysts remain optimistic:

Buy on dips

If you believe in long‑term bull case and want to average in around $114K–$117K

🧠 Final Takeaway

The correction is a healthy pause following a record rally. Key levels to monitor: $114K–$115K support, and $120K+ resistance. Staying informed about macro trends and on‑chain activity will help you react strategically.

Barron's

The Economic Times

Barron's