Key control
With the continuous price drop, BTC has lost a key support level. But dAspite the bearish feeling, Bitwise reported that Bitcoin’s institutional demand is six times greater than the available supply.
More than two weeks have passed since Bitcoin [BTC] It began to move down, losing 13% of its value. Currently, it continues to hold this bearish trend.
According to its price action and recent whale activity, the asset seems to expand its bearish trend in the next few days.
Commercial volume increasing
At the time of the publication, BTC was around the level of $ 108,500, after having registered a 1.65% decrease in the last 24 hours.
Despite the continuous fall in prices, the participation of investors and merchants continued to increase, which resulted in a 15% increase in the volume of negotiation.
This increase in the negotiation volume during a price decrease indicates a strong downward impulse for the asset.
The whale download $ 438 million in BTC, time to sell?
On August 30, the Blockchain Lookonchain transactions tracker discovered that a whale threw 4,000 BTC worth $ 438 million into two transactions of 2,000 BTC each, carried out in a period of 12 hours.
This is not the only activity in which the whale has been involved. The publication in X also revealed that in the last 24 hours, this whale has been throwing BTC holdings in exchange for ETH.
According to recent data, the whale had bought 49,850 ETH worth $ 219 million, and continued to accumulate ETH in the spot market. Until now, this cryptographic whale has added 691,358 ETH, valued at $ 3 billion.
The potential reason behind this BTC overturn and the accumulation of ETH is not yet known, but it seems that the whale is following the current trend.
Bitcoin’s demand for institutions
Looking at this landfill, you can think of selling BTC holdings due to belief in a greater downward impulse.
But I expect, recently, Bitwise, an asset management company, shared a report that reveals that Bitcoin’s demand is increasing significantly as the global interest continues to grow.
Since the beginning of 2025, institutions have bought 690,710 BTC compared to only 109,072 BTC extracted by miners. This indicates that Bitcoin’s institutional demand is six times greater than supply.
Source: X/BTC_archive
When combining whale activity with the BIT A BIT report, it seems that Bitcoin could be in a short -term bassist trend, but the long -term perspective remains optimistic.
The data also reveal that in 2024, the institutions bought 913.006 BTC, while only 217,771 BTC were extracted. During that year, the price of BTC increased more than 150%, which explains the strong long -term trend.
Bitcoin: key levels to see
Ambcrypto’s technical analysis reveals that BTC has lost its key support at the level of $ 110,000 in the daily chart. It also closed a daily candle below this level, which suggests a potential preparation for greater downward impulse.
However, there is another support of $ 107,490, which could still prevent the price of BTC from falling further.
Source: TrainingView
Based on the recent price action and historical patterns, if the downward impulse continues and the price does not have this local support, another 7.5%drop could be possible.
If that happens, the price of BTC can fall into the $ 100,000 mark.
In the press, the Superrend technical indicator has become red and moves above the BTC price. This suggests that Bitcoin is in a bearish trend with a strong downward impulse.
While, the active force index (RSI) is 38 years old, which suggests a feeling of the bearish market and that BTC is approaching the overall territory.
BTC Main Liquidation Levels
Given the current feeling of the market, it seems that merchants are following the broader trend.
According to the analysis analysis firm in the Coinglass chain, the main levels of BTC settlement are $ 107,261 on the lower side and $ 109,592 on the upper side.
Source: Canderlasss
These are not only key levels, since merchants at these points are too leverage, with $ 664 million in long positions and $ 1.06 billion in short positions.
Therefore, bears are currently dominating the asset, and a fall below the level of $ 107,261 could trigger a strong decrease.
