Bitcoin News Today: Bitcoin Falls Below $113,000 as Whale Buys 300 BTC Daily

Bitcoin's price fell below $113,000 on August 2, 2025, triggering renewed “buy the dip” activity among traders who see the decline as a correction opportunity rather than a long-term bearish trend [1]. The drop, which saw the world's largest cryptocurrency hit a low of $112,724, followed a broader selloff in the crypto market. Ethereum, XRP, and Solana all declined by more than 4% in the previous 24 hours, with Ethereum falling to $3,460 and Solana losing over 5% [2].

Notably, large market participants have been actively accumulating Bitcoin during the downturn. Blockstream CEO Adam Back highlighted the actions of a Bitfinex whale, who has been purchasing around 300 BTC daily using a Time-Weighted Average Price (TWAP) strategy [3]. This approach spreads trades over time to minimize market impact, and Back estimated that the whale could be committing approximately $400 every second to Bitcoin purchases. The whale’s activity was identified through Bitfinex’s BTCUSDLONGS metric, which tracks margin long exposure [4].

The whale’s buying behavior is not new. In late February, the same trader was reported to be purchasing 1,000 BTC per day, executing trades at one-minute intervals during a previous market dip [5]. This pattern suggests a disciplined, long-term accumulation strategy amid volatile conditions.

Retail and institutional buyers alike appear to be responding to the market’s pullback. Eric Trump, the World Liberty Ambassador, publicly encouraged investors to “buy the dips” as Bitcoin neared $113,000. His comments echoed previous market cycles where buying during sharp declines led to strong rebounds, such as in February when Bitcoin rose 15% and Ethereum gained 20% [6].

The broader market context reflects macroeconomic pressures, including the return of Trump tariffs and the U.S. Federal Reserve’s reluctance to cut interest rates. Recent weak employment data for July heightened concerns over economic stability, though analysts like Luke Tilley of Wilmington Trust noted that the slowdown aligns with expectations as businesses adjust to higher costs [7].

Despite the near-term volatility, the market showed signs of resilience. Within a day of hitting its low, Bitcoin had rebounded to around $113,750, suggesting that the $113,000 level may act as a psychological support. Corporate adoption of crypto assets remains a key area of optimism, with global public companies now holding over $100 billion in crypto reserves. This trend indicates growing institutional confidence and integration of digital assets into traditional financial systems [5].

Regulatory developments in Asia are also shaping the market landscape, providing both challenges and opportunities for innovation in areas such as crypto payroll and treasury solutions [5]. As firms adapt to evolving compliance standards, those who align with regulatory frameworks may see increased trust and credibility from investors.

The immediate outlook remains tied to macroeconomic indicators, including the Fed’s next rate decision and potential shifts in global trade policies. The coming weeks will be critical in determining whether Bitcoin can stabilize and resume an upward trajectory or face further corrections. For now, the market appears divided, with bearish sentiment tempered by strong buying interest from both individual and institutional participants [1][4].

Sources:

[1] Bitcoin Price Drop: Unveiling the Shocking Fall Below ... (https://www.bitget.com/news/detail/12560604892464)

[2] Bitcoin News Today (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-falls-113-000-triggering-market-volatility-macro-regulatory-pressures-2508/)

[3] "Buy The Dip": Eric Trump Supports BTC and ETH as ... (https://www.binance.com/en/square/post/27778343417457)

[4] Bitcoin Drops 6.5% as Trump Tariffs, Fed Policy Spark Sell- ... (https://www.ainvest.com/news/bitcoin-drops-6-5-trump-tariffs-fed-policy-spark-sell-2508/)

[5] Crypto Banking and Corporate Adoption: Navigating the ... (https://www.onesafe.io/blog/crypto-volatility-fuels-optimism-btc-eth-trends)

[6] Bitcoin Dips Below $113000: Potential Causes and Market ... (https://www.bitget.com/news/detail/12560604892531)

[7] CoinMarketCap (https://coinmarketcap.com/community/articles/688ee6e9f755b03fefb01339/)