Aug 2, 2025
1 0
Bitcoin Price Falls Below $115,000 Amid Increased Selling Pressure
Bitcoin (BTC) is experiencing volatility, with its price recently dropping to $114,326 and recovering slightly above $115,000. Despite this rebound, market dynamics indicate ongoing pressure influenced by trader sentiment and long-term holder behavior.
- Derivatives trading has significantly impacted current price movements, with a notable decrease in open interest on Binance from $14 billion to under $13.5 billion.
- This 4% drop suggests liquidation events where leveraged positions were closed due to margin calls.
- Net Taker Volume on Binance reached nearly -$160 million, indicating increased aggressive selling activity among retail traders.
- Analysts suggest the potential for a short-term rebound if selling pressure eases, as reduced long positions may lead to market rebalancing.
Major Reallocation of Dormant Bitcoin Wallets
Recent analysis shows significant changes in Bitcoin’s investor base:
- In 2024, over 255,000 BTC that were inactive for more than seven years have been moved.
- In 2025, more than 215,000 BTC have already been transferred within the first months.
- The average monthly movement of long-dormant coins increased from 4,900 BTC in 2023 to over 30,000 BTC in 2025.
- Transaction sizes have risen from around 162 BTC to over 1,000 BTC per transfer.
These trends indicate large-scale holders reallocating capital, which may affect market liquidity and future ownership distribution of Bitcoin.
