Bitcoin News Today: Bitcoin tests $113K support as $228M liquidations hit traders and Mutuum Finance (MUTM) draws attention with presale growth and DeFi innovation

Bitcoin (BTC) is currently under pressure as traders face $228 million in liquidations following a sharp decline to $113,411 on August 2, 2025 [1]. This drop, reported by CoinGlass, came amid rising macroeconomic uncertainties, including a weak U.S. jobs report and geopolitical tensions between the U.S. and Russia. Technical indicators show BTC testing the $113,000 support level with an oversold RSI of 27.17 and a bearish MACD, signaling potential further downside to $110,000 if the level is breached. Despite a $55 billion inflow into Bitcoin ETFs and significant whale accumulation, selling pressure remains a concern as Galaxy Digital recently transferred $3.6 billion in BTC to exchanges [1].

Amid this volatility, analysts are spotlighting Mutuum Finance (MUTM), a DeFi project currently trading at $0.035 in its Phase 6 presale [1]. MUTM is gaining traction as a potential safe haven due to three key strengths. First, its dual lending model—comprising Peer-to-Contract (P2C) and Peer-to-Peer (P2P) systems—offers flexibility and real DeFi revenue streams. The P2C model allows depositors to earn up to 8.6% APY by locking in assets like ETH or SOL, while the P2P system targets holders of volatile tokens like TRUMP, enabling them to borrow stablecoins without liquidating their positions [1].

Second, Mutuum Finance is preparing to integrate Layer-2 technology to enhance scalability and reduce transaction costs [1]. This upgrade is expected to attract both retail and institutional participants by improving transaction speed and usability. The platform also plans to launch a stablecoin pegged at $1, backed by overcollateralized borrowing and governance-controlled interest rates, providing further utility and stability [1].

Third, MUTM has demonstrated strong early traction. Its presale has raised over $14.25 million with support from more than 15,000 holders [1]. A CertiK audit awarded the platform a score of 95 out of 100, reinforcing confidence in its smart contract security. Additionally, a $100,000 giveaway campaign is underway, with 10 winners set to receive $10,000 worth of MUTM tokens [1].

Analysts point out that MUTM’s current $0.035 price is approximately 40% below the expected listing price of $0.06, offering investors an early entry opportunity [1]. Only 15% of Phase 6 tokens have been sold, with the next phase expected to increase the price to $0.040. For those who entered in Phase 2 at $0.015, the token has already delivered a 133% gain as of Phase 6 [1].

Given Bitcoin’s current uncertainty, capital is increasingly shifting toward altcoins with clear utility and growth potential. Mutuum Finance is being positioned as a strong candidate in this environment. Analysts highlight that MUTM’s combination of real-world lending, technical innovation, and community-driven incentives differentiates it from speculative projects [1].

Source: [1] Analyses Are Sure That This $0.035 Token Will Hold Strong For 3 Reasons As Bitcoin (BTC) Faces $228M Liquidation and $113K Support Test (https://coinmarketcap.com/community/articles/68971d4080953114ca891ccb/)