Bitcoin News Today: Bitcoin Drops 5.6% to $113,411 Amid $900M Liquidations, Mutuum Gains Momentum With P2C Innovation

Bitcoin (BTC) experienced a sharp decline, dropping 5.6% from its $120,000 peak to $113,411, triggering over $900 million in liquidations, with $823 million attributed to long positions. The decline was fueled by macroeconomic factors, including a weak U.S. jobs report, speculative global tariff threats from Donald Trump, and heightened tensions between the U.S. and Russia. Over 158,000 traders were liquidated as the price tested the $114,000 support level [1]. Technical indicators, including an oversold RSI and bearish MACD, suggest continued volatility. Analysts warn that a breakdown below $110,000 could send BTC toward $80,000, although predictive models from Myriad give a 53% chance of a rebound to $125,000. Whale accumulation of 1,300 BTC ($127 million) indicates some long-term optimism amid near-term selling pressure [1].

Amid this turmoil, Mutuum Finance (MUTM) is gaining traction with its innovative peer-to-contract (P2C) lending model. The platform allows users to lock blue-chip assets like SOL into smart lending pools while maintaining exposure to price movements. For instance, a $5,000 SOL deposit can generate an 11.2% APY—yielding over $560 annually—without requiring the user to sell their assets. Borrowers can access up to 70% LTV and repay loans at any time without penalties. This flexibility is particularly appealing during periods of heightened volatility, offering a safer alternative to leveraged positions that can be wiped out by sudden price swings [1].

The P2C model is complemented by a peer-to-peer (P2P) system for speculative and emerging tokens, enabling direct negotiation of loan terms. This dual approach ensures broader liquidity access across different market segments while preserving decentralization [1]. Meanwhile, Mutuum’s reward ecosystem includes mtTokens, which represent deposits plus accrued interest and can be staked to earn MUTM tokens. Protocol revenue is set to fund open-market buybacks, creating a feedback loop that supports token demand and long-term value [1].

The platform is also developing a decentralized stablecoin with a $1 peg maintained through a supply control mechanism, ensuring predictable performance for users seeking stability. Mutuum Finance is currently in Phase 6 of its presale, offering tokens at $0.035. Over 10% of the 170 million Phase 6 tokens have already sold, raising more than $13.9 million from over 14,800 holders. The price is set to increase to $0.040 in the next phase, marking a 15% rise. A $50,000 CertiK bug bounty and a public audit—awarding a Token Scan Score of 95.00 and a Skynet Score of 78.00—underscore the project’s commitment to security [1].

Retail interest is surging further with a $100,000 MUTM giveaway offering 10 winners $10,000 each in tokens. The platform has attracted over 12,000 followers on X (Twitter), reflecting strong grassroots support. With a total supply of 4 billion tokens and a listing price anticipated at $0.060, early investors from Phase 1 have already seen up to 6x returns. Even Phase 6 buyers are projected to double their investment before listing, with post-launch forecasts suggesting a potential rally to $2, particularly if DeFi adoption continues to rise following the Ethereum ETF launch [1].

While Bitcoin remains in consolidation and top traders face liquidation risks, Mutuum Finance is quietly building a solid foundation with secure infrastructure, innovative DeFi mechanisms, and a growing community. As investors seek alternatives to centralized finance, the project is well-positioned to capitalize on the shifting market landscape.

Source: [1] MUTM Gains Steam as BTC Faces $900M Liquidations at $114K (https://invezz.com/news/2025/08/04/mutm-gains-steam-as-btc-faces-900m-liquidations-at-114k/)