BiyaPay Analyst: Bitcoin Pullback Initiates August Market, Selling Pressure Unresolved, Direction Uncertain, Near-Term Facing Key Inflection Point
BlockBeats News, August 1st, according to BiyaPay analysts, at the beginning of August, the cryptocurrency market saw an initial pullback. BTC/USDT is currently priced at $115,547.97, with a 24-hour decline of -2.4%. In the short term, it is still fluctuating in the $114,000–$118,000 range, with the moving average system sticking together, and the market facing a directional decision.
Of note, early last weekend, a large hodler sold over 80,000 BTC (approximately $9.6 billion) through Galaxy Digital OTC transactions, exerting significant selling pressure on the market. Nevertheless, BTC quickly stabilized near $119,000, demonstrating the market's strong liquidity absorption capacity.
BiyaPay Analyst Insights:
· Currently, BTC is still in a consolidation phase since the end of June, with $115,000 as a key support level;
· The resistance above is in the $118,200–$120,000 range, and a breakthrough is expected to challenge the previous high;
· If it falls below $114,000, it may test the support zone of $111,000–$112,500;
· From an on-chain perspective, 97% of circulating BTC is in a profitable state, with unrealized profits amounting to $1.4 trillion, indicating lingering profit-taking pressure;
· Long-term holders still control 53% of the supply, so in the event of another large-scale sell-off, new capital inflows will be needed to absorb it;
· The market structure is robust, and short-term trends may be driven by macro sentiment (such as tariff policies, U.S. stock volatility). Investors are advised to closely monitor breakout signals.
BiyaPay analysts stated that through BiyaPay, users can trade BTC, ETH, and other mainstream coins as well as U.S. and Hong Kong stocks in real time using USDT, without the need to open an offshore account, enabling easy participation in global market opportunities.
You may also like
The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes
What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.
How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon
Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.
80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars
Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.
AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals
Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

When AI Takes Over the 'Shopping Journey,' How Much Time Does PayPal Have Left?

Bloomberg: Aid Turkey Freeze $1 Billion Assets, Tether Remakes Compliance Boundary

Polymarket vs. Kalshi: The Full Meme War Timeline

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

Russian-Ukrainian War Prediction Market Analysis Report

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?

BlackRock Buying UNI, What's the Catch?

Lost in Hong Kong
The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes
What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.
How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon
Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.
80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars
Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.
AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals
Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.