Bitcoin News Today: Bitcoin Falls Below $116,000 Amid Macro Pressures and Large Holder Sell-Offs

Generated by AI AgentCoin World
Friday, Aug 8, 2025 11:47 pm ET1min read
BTC
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Aime RobotAime Summary

- Bitcoin fell below $116,000 on August 8, 2025, driven by macroeconomic pressures and large holder sell-offs, marking a 0.64% daily drop from its July peak.

- The decline triggered bearish sentiment, automated sell orders, and liquidity gaps near $110,000, with weak support at $113,000 risking cascading liquidations.

- Regulatory uncertainty, ETF outflows, and declining futures funding rates highlighted waning confidence, while opportunistic buyers accumulated near $115,000.

- A bullish reversal remains contingent on breaking above $117,600, with August's historical volatility and regulatory scrutiny urging cautious portfolio rebalancing.

Bitcoin fell below $116,000 on August 8, 2025, amid surging market volatility driven by macroeconomic pressures and significant sell-offs from large holders, according to multiple reports. The decline marked a sharp departure from its peak of over $123,000 in mid-July, with the price settling at $115,950.32, reflecting a 0.64% drop on the day [5]. This move exacerbated bearish sentiment across the cryptocurrency market and triggered automated sell orders, compounding downward momentum [1].

The price action came as

Bitcoin
broke key support levels between $116,000 and $123,000, pushing the asset into a thin liquidity zone that extends down to $110,000. This has led to what some market watchers describe as an “air gap” in trading activity, where fewer buy orders are available to absorb further sell pressure [9]. On-chain data also highlighted increased dip-buying behavior, with traders accumulating around $115,000. However, support near $113,000 remains weak, and past similar price actions have resulted in cascading liquidations across both spot and derivative markets [1].

The broader market response has been cautious. Bitcoin futures funding rates have declined, signaling a lack of confidence among leveraged traders [5]. ETF outflows have also been reported, reflecting reduced risk appetite. The decline is further compounded by regulatory uncertainty and macroeconomic headwinds, particularly with no clear signals from major market figures such as Michael Saylor or Changpeng Zhao of Binance [1].

Despite the bearish environment, some analysts have noted that opportunistic buyers are stepping in during the pullback, accumulating near the $115,000 level [5]. However, the market remains in consolidation mode below the $116,000 resistance level, with no decisive breakout observed. The next critical threshold for a bullish reversal is seen above $117,600, but until that level is breached, uncertainty is likely to persist [4].

Historically, August has been a month of heightened volatility for Bitcoin, and this year’s movement is consistent with past patterns [1]. Investors are advised to rebalance portfolios and remain cautious given the potential for further price declines and increased regulatory scrutiny [5].

Source:

[1] AInvest https://www.ainvest.com/news/bitcoin-news-today-bitcoin-falls-116000-macroeconomic-regulatory-pressures-2508/

[2] Bitget https://www.bitget.com/news/detail/12560604902578

[3] AInvest https://www.ainvest.com/news/bitcoin-news-today-bitcoin-faces-critical-116k-118k-test-bullish-positioning-fed-cut-expectations-2508/

[4] Economies.com https://www.economies.com/crypto/news/bitcoin-settles-below-$117,000-as-traders-await-breach-of-pivotal-levels-47063

[5] The https://m.economictimes.com/crypto-news-today-live-08-aug-2025/liveblog/123173392.cms

[7] Mitrade https://www.mitrade.com/insights/crypto-analysis/bitcoin/fxstreet-BTCUSD-202508071805

[9] BeInCrypto https://beincrypto.com/bitcoin-trapped-in-low-liquidity-air-gap/