BiyaPay Analyst: Bitcoin Pullback Initiates August Market, Selling Pressure Unresolved, Direction Uncertain, Near-Term Facing Key Inflection Point

By: theblockbeats.news|2025/08/01 19:02:21
0
Share
copy

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?

Stripe and PayPal are shifting from payment tools to AI business infrastructure, competing to become the default engine for AI transactions.

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

By the end of 2025, Tether and its competitor Circle had blacklisted around 5700 wallets, involving assets of around $2.5 billion.

Popular coins

Latest Crypto News

Read more