Bitcoin fell to its lowest levels since July 8 after Wall Street opened on Friday, with prices sliding and traders scrambling to reassess short-term plans.<\/p>\n
According to CoinGlass<\/a>, 24-hour crypto liquidations neared $540 million as selling pressure intensified on major exchanges.<\/p>\n Based on reports from market watchers, heavy selling by large holders helped push the drop. Distribution on Binance was highlighted by traders as a key factor that worsened losses.<\/p>\n Bitcoin<\/a> lost nearly 5% on the day, and some large accounts were linked to the wave of sales that triggered stop orders and quick exits.<\/p>\n Popular trader Daan Crypto Trades pointed to a \u201ckey reversal zone\u201d around recent ranges and consolidation levels.<\/p>\n Some experts had similar price levels on his radar, noting that Bitcoin failed to turn $112,000 into support. Other voices in the market flagged $114,000 as an important weekly close threshold for bulls.<\/p>\n Technical watchers found one bright spot. According to crypto commentator Javon Marks, the four-hour chart still shows a bullish RSI divergence<\/a> \u2014 a pattern where the RSI makes higher lows while price makes lower lows. That setup can hint at an early reversal.<\/p>\n $BTC<\/a> Good area to keep watching. Right on top of the previous range & consolidation area. https:\/\/t.co\/WEaG2IF6nV<\/a> pic.twitter.com\/Y7RftSqDio<\/a><\/p>\n \u2014 Daan Crypto Trades (@DaanCrypto) August 29, 2025<\/a><\/p>\n Marks argued Bitcoin could stage a rebound. He suggested a move back toward $123,000 is possible, which would be roughly a +14% jump from current levels. That projection is optimistic, and it rests on momentum flipping quickly in favor of buyers.<\/p>\n Macro Data, Seasonal Weakness Add Headwinds<\/p>\n Seasonality and macroeconomic data added pressure. September has historically been one of Bitcoin\u2019s weaker months, and investors were watching US inflation<\/a> readings closely.<\/p>\n The Federal Reserve\u2019s preferred inflation measure<\/a>, the Personal Consumption Expenditures index, matched expectations and showed signs of an inflation rebound.<\/p>\nWhales And Exchange Distribution Pressure<\/h2>\n
Bullish RSI Divergence Keeps A Sliver Of Hope<\/h2>\n