Bitcoin News Today: Bitcoin Dips 10% Amid Bullish Consolidation Below $115,000

Bitcoin's recent pullback below $115,000 has intensified scrutiny over its near-term trajectory, with analysts suggesting the correction is part of a broader bullish consolidation rather than a reversal. According to TradingView analyst Master Ananda, the dip reflects a typical phase in Bitcoin’s long-term cycle, where sharp surges are often followed by healthy corrections [1]. The cryptocurrency has dropped nearly 10% from its mid-July peak but remains close to previous all-time high levels. Ananda emphasized that the $110,000–$100,000 price range remains crucial for maintaining the broader uptrend [1].

Technical indicators highlight immediate support near $107,000–$110,000, with $100,000 acting as a key psychological and historical level. Fibonacci retracement levels further reinforce these zones, with the 0.382 level at $106,000 and the 0.5 level at $102,000 [1]. Analysts warn that a sustained weekly or monthly close below $100,000 could signal a breakdown in the bullish trend, but the current move is widely viewed as a consolidation period that may precede another leg higher [1].

On-chain data reveals significant whale activity reinforcing the support at $107,160. Over 111,000 BTC have been accumulated in this price zone, forming a substantial buy wall beneath current levels [1]. Resistance is also forming at $117,400, where 88,000 BTC were previously bought, suggesting a potential battleground between bulls and bears [1]. This accumulation pattern indicates growing confidence among seasoned investors, who appear to be positioning for a potential rebound [1].

Long-term holder data further supports a bullish outlook. CoinMarketCap user CryptoUncle0x shared that 53% of Bitcoin’s supply is now held by long-term investors, a level historically linked to major supply squeezes and strong recovery phases [1]. The “BTC: Realized Cap HODL Waves” chart illustrates that this concentration of dormant coins is comparable to previous market bottoms and the beginnings of bull cycles. As liquid supply dwindles, upward price pressure is expected to build over time [1].

The accumulation trend has also caught the attention of analysts. Onchain data suggests that Bitcoin’s current correction could lead to another major breakout, with one whale’s $9.6 billion selloff seen as a bullish sign [2]. However, macroeconomic headwinds persist. Arthur Hayes, CIO of Maelstrom Fund, has warned that ongoing tariffs and weak U.S. job data could push Bitcoin toward $100,000 [3]. He recently sold $13.3 million in Ethereum, Pepe, and Ethena, signaling caution in the current climate [4].

Market observers remain focused on the $113K–$111K support zone, with dips below $116K raising concerns about the strength of this level [5]. If Bitcoin fails to hold these key areas, further downside could emerge, particularly if whale activity intensifies or long-term holders begin to take profits [6].

Despite short-term volatility, the sentiment among long-term holders remains strong. As Bitcoin navigates a period of consolidation and uncertainty, the actions of institutional investors and whale activity will be key indicators of whether $100,000 will hold or if the correction will deepen. For now, the market appears at a pivotal moment, with technical and on-chain signals pointing toward a potential rebound—provided bulls can successfully defend the critical support levels [1].

Source:

[1] Coindoo - [https://coindoo.com/market/bitcoin-whales-are-buying-the-dip-will-100k-hold/](https://coindoo.com/market/bitcoin-whales-are-buying-the-dip-will-100k-hold/)

[2] Cointelegraph - [https://cointelegraph.com/news/bitcoin-dip-making-perfect-bottom-says-analyst-will-btc-rally-to-148k](https://cointelegraph.com/news/bitcoin-dip-making-perfect-bottom-says-analyst-will-btc-rally-to-148k)

[3] AInvest - [https://www.ainvest.com/news/bitcoin-news-today-bitcoin-faces-18-7-correction-risk-hayes-warns-100k-drop-macro-pressures-2508/](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-faces-18-7-correction-risk-hayes-warns-100k-drop-macro-pressures-2508/)

[4] BraveNewCoin - [https://bravenewcoin.com/insights/crypto-market-crash-arthur-hayes-dumps-13-3m-in-ethereum-pepe-and-ethena-amid-u-s-tariff-concerns](https://bravenewcoin.com/insights/crypto-market-crash-arthur-hayes-dumps-13-3m-in-ethereum-pepe-and-ethena-amid-u-s-tariff-concerns)

[5] AMBCrypto - [https://ambcrypto.com/bitcoin-as-derivatives-flip-bearish-can-btc-prices-hold-113k/?amp&prefer_reader_view=1&prefer_safari=1](https://ambcrypto.com/bitcoin-as-derivatives-flip-bearish-can-btc-prices-hold-113k/?amp&prefer_reader_view=1&prefer_safari=1)

[6] Binance - [https://www.binance.com/square/post/27767590725057](https://www.binance.com/square/post/27767590725057)