- Bitcoin (BTC) has fallen to 2.3%to $ 115,300, and the third major water creation has resulted in pressure by new US tariffs.
- At the end of July, the profits of $ 8 to 800 million to $ 8 billion were recorded, and “OG Whale”, which sells 80,000 BTCs on July 25, was recorded at the end of August.
- New tariff tension, including measures targeting Canada, undermined wider risk assets, including encryption.
Bitcoin is a good idea to finish the Asian trading state with a weak note, drop 2.3% per day and change your hands over $ 115,300.
Major cryptocurrencies are struggling with the combination of new tariff pressure in the White House and the combination of significant waves of profits operated by the new highest record.
According to a new report from On-chain analytics company Cryptoquant, Bitcoin Market has gained the third main benefit of 2023–2025 Bull Cycle.
At the end of July, a significant amount of $ 6 to 800 million was recorded, and a large number of investors who had recently surged in cash were chosen.
Like the previous two stages of profit generation in the migration cycle, the latest waves have been defined by a large spike of the spent production profit ratio (SOP), which is an indicator of whether the coin is profitable or loss. This was particularly obvious among short -term holders.
The waves were further strengthened by the sale of “OG Whale” (early whales ”(early whales” on July 25.
The data provider also mentioned that the “new whale cohort”, which accumulated Bitcoin within the last 155 days, is not a dominant seller during this period.
As a clear sign of termination at the position recognized as the highest price, the inflow of exchange has soared to 70,000 BTC in one day after the sale of OG Whale.
Sales pressure was not limited to Bitcoin. Ether Leeum -based whales, which have assets such as WBTC (Packaging Bitcoin), USDT and USDC, also realized up to $ 40 million daily profit every day, further supporting a wide range of capital rotation in some positions.
Historically, these major profits were followed by market integration of two to four months before the next major legs increased.
In particular, the pattern can be played again because the appetite of US investors seems to be weak. Coinbase Premium is a major indicator that tracks the price difference between Coinbase and other global exchanges.
This suggests that US buyers no longer pay a premium for Bitcoin, a sign of cooling demand in an important market.
Customs Jitters came back to add market pressure.
Added to this prudent internal market epidemiology is the recurrence of macroeconomic risks.
The new global tariff in the White House broke down the Asian market, and Japan’s Nicky 225 and Korea’s KOSPI were red.
Bitcoin is also not immunity to these pressure. Historically, when the White House announced a new tariff, digital assets tended to lower the stock market, which showed signs of weakness but did not disappear completely.
Trump’s latest tariff escalation, including new measures against Canada, has undermined wider risk assets along with stocks, bonds and encryptions in fear of inflation and additional supply chain.
Without a clear new macro catalyst or a strong resurrection of strong structural inflows, the risk of the encryption market is likely to remain optionally, and the beliefs are light. Market manufacturer Enflux rebounded this feelings of Coindesk.
“Until BTC or ETH can be cleaned up in recent years, the price behavior can maintain a rotational topic rather than a trend center.