{"id":8050,"date":"2025-08-18T07:48:08","date_gmt":"2025-08-18T07:48:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-dips-to-115k-as-profit-taking-follows-weak-macro-data\/"},"modified":"2025-08-18T07:48:26","modified_gmt":"2025-08-18T07:48:26","slug":"bitcoin-dips-to-115k-as-profit-taking-follows-weak-macro-data","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-dips-to-115k-as-profit-taking-follows-weak-macro-data\/","title":{"rendered":"Bitcoin dips to $115K as profit-taking follows weak macro data"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin has pulled back to around $115,000, marking a 6.8% decline below its all-time high of $124,128, reached on Aug. 14.<\/p>\n<div id=\"cn-block-summary-block_57eae4b9f7dac488598a81f897eada37\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin retreats to\u00a0$115K, about 7% below its Aug. 14 ATH of $124,128.<\/li>\n<li>Binance whale distribution\u00a0and rising exchange reserves signal ongoing selling pressure.<\/li>\n<li>Analysts see\u00a0$114K support\u00a0as crucial before a potential renewed uptrend.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The move comes as fresh macroeconomic data unsettled traders while large holders appeared to lock in gains near the top. <\/p>\n<p>Consumer prices in July had raised hopes that interest rate cuts were near, but the Producer Price Index rose more than anticipated, dampening optimism for September easing. This shift in outlook limited risk appetite and triggered outflows from speculative assets.<\/p>\n<p>At the same time, comments from U.S. Treasury Secretary Scott confirmed that Bitcoin will not be added to national reserves, signaling a more cautious fiscal approach. That announcement trimmed some of the bullish momentum built up during the rally.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin exchange flows point to profit-taking<\/h2>\n<p>According to an Aug. 16 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/68a0cbcfb244141e10844d7a\" target=\"_blank\">analysis<\/a> by BorisVets, Binance netflows flipped positive last week as Bitcoin (BTC) inflows surged, while outflows slowed. This marked the start of a distribution phase, where whales prepared to sell into new demand.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Ahead of Bitcoin\u2019s all-time high attempt, inflows surged and Binance\u2019s exchange reserves climbed, confirming that supply was moving onto the platform. Sellers moved swiftly to exploit overextended longs after the rally stalled below the peak. The perpetual\u2013spot price gap widened, pointing to excessive leverage and creating ideal conditions for a sharp pullback.<\/p>\n<p>At the same time, stablecoin netflows into Binance increased, showing buyers were still eager to enter the market. This created an imbalance in which fresh buyers stepped in while whales offloaded positions. Given Binance\u2019s outsized trading volume, such shifts strongly influence global sentiment, amplifying volatility across the board.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin technical analysis<\/h2>\n<p>From a technical perspective, Bitcoin has fallen below the Bollinger Band\u2019s midpoint, with $114,600 serving as crucial support. The relative strength index has cooled to near-oversold territory, suggesting that the momentum on the downside may soon slow.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Bitcoin price analysis. Credit: crypto.news<\/figcaption><\/figure>\n<p>Since the overall trend has weakened, a sustained break below $114,000 might indicate more downside toward $112,000. A recovery above $117,500 would be a good sign for the bulls that the pullback is ending and might result in another attempt at $120,000.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has pulled back to around $115,000, marking a 6.8% decline below its all-time high of $124,128, reached on Aug. 14. Summary Bitcoin retreats to\u00a0$115K, about 7% below its Aug.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8050"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8050\/revisions"}],"predecessor-version":[{"id":8051,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8050\/revisions\/8051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6421"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}