#Bitcoin Price Drop: Key Factors and Outlook


Bitcoin fell 2% to $115,500, driven by three main factors:


1. Options Market Impact

- $5.6 billion in BTC options expired

- Max pain price at $117,000 led to position unwinding


2. Technical Breakdown

- Price fell below key support at $118,859 (23.6% Fib level)

- $81 million in liquidations occurred as momentum turned bearish


3. Macroeconomic Pressure

- New U.S. tariffs (10-41%) strengthened the dollar

- DXY index rose 3% over six days


Current Market Conditions

- Fear & Greed Index dropped to Neutral (57)

- RSI at 49.44 suggests room for further downside

- Next important support at $114,500


What to Watch

- ETF flow trends

- Dollar strength developments

- Price action around $114,500 support


The market now waits to see if this is a temporary correction or the start of a deeper pullback.


What are your thoughts on $BTC near-term direction?


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#BTC Price Analysis# #BTC

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August 01, 2025 at 12:49 AM
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