{"id":208684,"date":"2026-08-04T12:00:41","date_gmt":"2026-08-04T12:00:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=208684"},"modified":"2026-08-04T12:00:41","modified_gmt":"2026-08-04T12:00:41","slug":"3-signs-bitcoin-btc-could-be-ready-for-another-pullback","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=208684","title":{"rendered":"3 Signs Bitcoin (BTC) Could Be Ready for Another Pullback"},"content":{"rendered":"

The primary cryptocurrency rose 1.5% in the last 24 hours and currently trades at around $63,500, even as Strategy announced its third BTC sale this year.<\/p>\n

However, three important signals point to a potential pullback forming beneath the surface.<\/p>\n

The Factors in Question<\/h2>\n

The renowned analyst Ali Martinez revealed<\/a> that over 20,000 BTC (worth more than $1.2 billion) have hit exchanges in the past week or so. CryptoQuant\u2019s data shows that the total figure has climbed to around 2.72 million, the highest since the start of July.<\/p>\n

<\/a>BTC Exchange Reserve, Source: CryptoQuant<\/p>\n

This suggests that some investors have abandoned self-custody methods and flocked to centralized platforms, increasing immediate selling pressure, or, as Martinez said:<\/p>\n

\u201cWhen coins move onto trading platforms, it often signals rising sell-side pressure. Keep an eye on this trend.\u201d<\/p>\n

It\u2019s worth noting, though, that there might be another reason why investors are sending BTC to exchanges. The recent Coldcart saga<\/a> has rattled trust in self-custody methods, which could lead to more bitcoin sitting on trading platforms, not necessarily for immediate selling.<\/p>\n

Martinez also presented<\/a> a second bearish signal, noting that BTC miners have sold roughly 1,774 units (worth around $112 million) over the past week. He argued the move signals another wave of profit-taking and something that could negatively impact the asset\u2019s valuation in the short term.<\/p>\n

The third factor is Bitcoin\u2019s seasonal performance. The asset has finished<\/a> August in red territory 9 out of 13 times, adding further uncertainty amid the challenging times.<\/p>\n

<\/a>BTC Monthly Returns, Source: CoinGlass<\/p>\n

Final Flushout This Month?<\/h2>\n

Many analysts believe that the bear market is far from being over, expecting BTC to collapse to multi-year lows in the following weeks. X user Rekt Fencer spotted<\/a> the formation of a potential final bull trap, which could result in a major crash to around $30,000 later in August.<\/p>\n

Not long ago, Martinez presented a rather controversial theory. He claimed<\/a> that bulls should actually welcome a potential dip to $60K since it could validate a classic inverse head-and-shoulders pattern that might push BTC to as high as $74,000. According<\/a> to MikybullCrypto, the setup has already been completed:<\/p>\n

\u201cBreakout is next. $80K is the magnet target.\u201d<\/p>\n

The post 3 Signs Bitcoin (BTC) Could Be Ready for Another Pullback<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The primary cryptocurrency rose 1.5% in the last 24 hours and currently trades at around $63,500, even as Strategy announced its third BTC sale this year. However, three important signals point to a potential pullback forming beneath the surface. The Factors in Question The renowned analyst Ali Martinez revealed that over 20,000 BTC (worth more […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-208684","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208684"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=208684"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208684\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=208684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=208684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=208684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}