Bitcoin News Today: Bitcoin Drops 2.56% to $115,270 Nears Critical Support Amid Bearish Pressure

Bitcoin has retreated to $115,270, nearing a critical support level amid intensifying bearish sentiment as traders monitor potential for further declines. The cryptocurrency fell 2.56% over the past 24 hours, breaching the $116,000 threshold and exposing vulnerabilities in short-term stability. Analysts warn that a breakdown below $115,000 could accelerate downward momentum toward $111,000, a level that has historically acted as a psychological and technical floor [1].

The price action has drawn attention to liquidity clusters below $116,000, where leveraged long positions are at risk of liquidation if selling pressure persists. On-chain data reveals over $89 billion in trading volume within the last 24 hours, signaling heightened activity as market participants recalibrate positions. A sell-side liquidity pool forming just below $116,000 has raised concerns about cascading downward pressure, particularly as Bitcoin struggles to reclaim key resistance zones between $118,000 and $118,500 [2].

Technical patterns reinforce bearish bias. The weakening of a bullish flag pattern on the 4-hour chart, coupled with sideways consolidation since mid-July, underscores the fragility of current momentum. Bitcoin’s inability to surpass its July peak of $123,100 has eroded confidence, with Fibonacci levels aligning with resistance to further stall gains. Analysts caution that without a sustained push above $118,000, the path toward $111,000 remains unobstructed [3].

The broader market implications are also emerging. A breakdown below $111,000 could trigger a cascading effect, pressuring altcoins like Ethereum as correlations tighten. Over the past 30 days, 1.48 million BTC traded between $105,000 and $120,000, highlighting persistent demand in this range despite volatility. However, traders are advised to prioritize short-term setups, as long positions face elevated risks in the near term [4].

While some analysts remain cautiously optimistic about a potential rebound, the immediate outlook hinges on institutional accumulation and macroeconomic catalysts. On-chain metrics show reduced liquidity at higher price levels, compounding pressure on buyers. Traders are closely monitoring volume patterns and order-book dynamics to anticipate the next directional move [5].

Source:

[1] [Bitcoin Consolidates Above $115K: MicroStrategy Expands Offering Technical Warning Signs Flashing](https://www.fxleaders.com/news/2025/07/25/bitcoin-consolidates-above-115k-microstrategy-expands-offering-technical-warning-signs-flashing/)

[2] [Bitcoin Price News: Bitcoin Eyes $115K Dip as Seller Exhaustion Builds Near $118K Zone](https://www.binance.com/en-TR/square/news/all)

[3] [Ideas and Forecasts on Cryptocurrencies](https://in.tradingview.com/markets/cryptocurrencies/ideas/)

[4] [Bitcoin News Today: Bitcoin Holds Above $117K as Institutional Accumulation Reinforces Key Support Zone](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-holds-117k-institutional-accumulation-reinforces-key-support-zone-2507/)

[5] [BTCUSDT.P Trade Ideas - Bitcoin](https://www.tradingview.com/symbols/BTCUSDT.P/ideas/page-2/)