Cryptocurrency Analysis: Bitcoin Price Decline

Cryptocurrency analysis firm CryptoQuant has published a noteworthy assessment of the recent decline in the price of Bitcoin (BTC).

According to the company’s data, the price of BTC fell by 4% in a short period, from $118,920 to below $114,000. This drop followed the announcement of new tariffs by US President Donald Trump.

During this decline, over $195 million worth of long positions in futures were liquidated. Simultaneously, a total of 21,400 BTC belonging to short-term investors were transferred to exchanges at a loss. CryptoQuant noted that similar behavior has been observed in past price drops. For example:

• July 15, 2025: 50,134 BTC moved to exchanges
• July 25, 2025: 39,105 BTC sent to exchanges

This movement has brought Bitcoin to the edge of a critical on-chain support cluster. According to the firm’s analysis, this level is defined as a “gap” below which there is weak liquidity and support.

Critical Areas to Watch for BTC Price:
– Onchain support: $111,600
– Technical support (previous ATH): $112,000
– Traders’ Realized Price: $105,500

This is not investment advice.