Bitcoin News Today: Bitcoin 6% Pullback Remains Within Normal Volatility Range Eyes $115724 Support Level

Bitcoin’s recent 6% pullback from its $123,000 peak to $115,000 has drawn attention, but analysts emphasize the decline remains within typical volatility parameters observed during prior bull cycles. According to CryptoQuant’s Bitcoin Price Drawdown Analysis, the retracement aligns with historical patterns seen in previous upswings, suggesting it is a routine market reset rather than the start of a deeper correction [1]. This assessment is reinforced by Axel Adler, a top analyst, who notes that the current -6% move is only 2.2% deeper than the average weekly drawdown of 3.8% observed over the past quarter [2]. Adler’s data highlights that intraday drops of -10% in early June and -12% in mid-June were more extreme than the current pullback, underscoring that the market’s reaction is measured and not panic-driven.

Technically, Bitcoin has breached the tight consolidation range it maintained for nearly two weeks, with price slipping to a low of $115,009 before recovering slightly to $115,759. This move marks a breakdown from a horizontal channel between $115,724 and $122,077, as seen on the 4-hour chart [3]. The breakdown coincided with a spike in trading volume, signaling decisive selling pressure. However, analysts caution that elevated volume could also indicate capitulation from weaker traders, potentially setting the stage for a reversal. The price now hovers near the $115,724 support level, with a failure to hold this threshold potentially opening the door to further declines toward the 200-day SMA at $112,104 [3].

Despite the technical breakdown, broader market dynamics suggest resilience. Altcoins, which retraced heavily earlier, have since stabilized above key support levels, indicating a possible rotation of capital rather than an exodus [2]. This stability contrasts with previous corrections, where sharp declines were often accompanied by cascading liquidations and liquidity outflows. The absence of panic-driven selling underscores the maturing nature of the crypto market, where participants appear more accustomed to Bitcoin’s volatility. Institutional activity and improved market infrastructure may also contribute to the measured response.

Long-term fundamentals remain supportive. On-chain metrics show strong holder activity, and the absence of extreme fear metrics—such as a surge in short positions or leveraged bets—reinforces the view that the pullback is part of a standard consolidation phase [1]. Analysts at Mint Ventures highlight that traders are adopting risk mitigation strategies, including converting profits into stablecoins like USDT, to hedge against volatility without fully exiting positions [2]. This behavior reflects a more sophisticated trader base and a market increasingly focused on strategic risk management.

The coming sessions will be critical in determining Bitcoin’s trajectory. A sustained rebound above $118,000 would signal bullish momentum, while a breakdown below $115,724 could trigger deeper retracements. Market watchers are also monitoring key options expirations and macroeconomic data, which could influence near-term sentiment [4]. For now, the data points to a healthy correction within the context of a longer-term bull market, with no signs of systemic stress in the crypto ecosystem.

Sources:

[1] [Bitcoin Pullback Remains Within Normal Volatility Range: Drawdown Analysis Shows No Signs Of Panic](https://www.newsbtc.com/bitcoin-news/bitcoin-pullback-remains-within-normal-volatility-range-drawdown-analysis-shows-no-signs-of-panic/)

[2] [Bitcoin Volatility Remains Within Norms As Market Enters Critical Phase](https://www.newsbtc.com/bitcoin-news/bitcoin-pullback-remains-within-normal-volatility-range-drawdown-analysis-shows-no-signs-of-panic/)

[3] [BTC Falls Below Key Support as Volume Spikes](https://www.newsbtc.com/bitcoin-news/bitcoin-pullback-remains-within-normal-volatility-range-drawdown-analysis-shows-no-signs-of-panic/)

[4] [Monthly BTC and ETH options are expiring today](https://www.mitrade.com/au/insights/news/live-news/article-3-986704-20250725)