Bitcoin News Today: Bitcoin's $3.3 Billion Profit Exodus Tests $115K's Mettle

Bitcoin's price has retreated below the $115,000 support level amid a wave of profit-taking, with traders cashing in substantial gains. According to data from Glassnode, approximately $3.3 billion in profits were realized on Saturday alone, marking the highest single-day figure since mid-July and one of the largest in 2025. This trend reflects a broader pattern of consistent profit-taking over the past several months, with only about 10 trading sessions showing net losses. Bitcoin has been steadily climbing from $90,000 at the start of 2025, and as it approached the $100,000 level, selling pressure intensified. The recent drop follows an all-time high of $124,000 reached in early August, with corrections from these peaks shrinking progressively from 30% in January to 8% currently, indicating a maturing and more resilient market.

The decline has sparked heightened volatility, as Bitcoin's price oscillates between $115,008 and $118,519. A 2.65% drop has pushed BTC back toward the $115,000 support zone, where it is now testing the 50-day exponential moving average (EMA). Analysts warn that a failure to hold above this level could trigger a bearish reversal, with the $112,000 level identified as a critical risk zone. Over $30 million in long positions were liquidated as prices broke through key intraday supports, signaling growing bearish sentiment. Some traders, however, view the sell-off as a necessary correction, clearing out excessive leveraged positions and potentially setting the stage for a more stable recovery if buying interest returns around the $115,000 level.

Institutional activity remains strong despite the near-term volatility. Dutch asset manager Amdax recently announced plans to launch a Bitcoin treasury vehicle on Euronext Amsterdam, aiming to hold 1% of the total BTC supply. Tokyo-based firm Metaplanet added 775 BTC to its reserves, purchased at an average price of $120,006, bringing its total holdings to 18,888 BTC. These actions underscore a growing confidence among institutional investors in Bitcoin’s long-term value, even as retail sentiment cools. Additionally, the Coinbase Premium has reached a monthly high, signaling unusual market dynamics and suggesting potential accumulation by savvy market participants.

Macroeconomic and geopolitical factors continue to influence Bitcoin’s trajectory. Investors are closely watching the Jackson Hole symposium, where central bankers will provide clarity on monetary policy. Fading expectations of aggressive rate cuts have dampened risk appetite across equities and crypto markets. Geopolitical uncertainties, including a scheduled meeting between U.S. President Trump and Ukrainian President Zelenskiy, are also drawing attention, with potential ripples through global markets. Meanwhile, the U.S. Treasury has advanced its Strategic Bitcoin Reserve initiative, using seized BTC to bolster national digital holdings. These developments highlight increasing institutional and state-level engagement with crypto assets.

Looking ahead, the near-term outlook for Bitcoin depends heavily on whether it can hold above the $115,000 support and the 50-day EMA. A decisive breakdown could push the price lower toward $112,000, while a rebound may lead to another test of the $118,500 resistance level. Institutional demand, structural scarcity due to the upcoming halving, and ongoing ETF inflows could play pivotal roles in Bitcoin’s trajectory. Traders are advised to monitor both technical indicators and macroeconomic developments for signals on BTC’s next move and long-term direction.

Source:

[1] Bitcoin Drops Below $115K Amid Wave of Profit-Taking (https://www.coindesk.com/markets/2025/08/18/bitcoin-drops-below-usd115k-amid-wave-of-profit-taking)

[2] Bitcoin Slides 2.65%, Retests $115K Support Amid Inflation ... (https://bravenewcoin.com/insights/bitcoin-btc-price-today-bitcoin-slides-2-65-retests-115k-support-amid-inflation-driven-market-turmoil)