Analysis: Recent Pullback Aligns with Bull Market Characteristics, Bitcoin Liquidity Concentrated Around $120,000

By: theblockbeats.news|2025/08/21 00:12:04

0

Share

copy

BlockBeats News, August 20th, Analysts said that the price trend of Bitcoin is becoming more and more like the result of intentional manipulation, as BTC touched its lowest level since August 3rd under sustained selling pressure from the United States. Bitcoin fell to below $113,000 as the US stock market opened today, failing to hold the support level. Buying liquidity on trading platforms is being depleted, and $112,300 has now become a level worth watching.

Well-known trader Daan Crypto Trades summarized the current Bitcoin liquidity situation, stating that BTC has cleared a significant amount of liquidity from both the long and short sides within the past 6 weeks. Currently, the closest large liquidity is gathered around $120,000, but the local low point at $112,000 remains effective and often becomes a local reversal area.

Renowned trader and analyst Rekt Capital issued a bullish signal, comparing the current price trend to previous bull market pullbacks. "The most bullish aspect of this current pullback is that similar pullbacks occurred during the same period in 2017 and 2021, and in both 2017 and 2021, these pullbacks foreshadowed price increases to new all-time highs."

-- Price

You may also like

RootData: February 2026 Cryptocurrency Exchange Transparency Research Report

RootData: February 2026 Cryptocurrency Exchange Transparency Research Report

This month's cumulative spot trading volume on cryptocurrency exchanges has decreased slightly by 4.7% compared to January, which is the result of multiple factors including market conditions, the macro environment, and the Spring Festival holiday in Chinese-speaking regions.

「One and Done SEA」, so OpenSea chooses to wait a little longer

「One and Done SEA」, so OpenSea chooses to wait a little longer

It's already Q1 2026, and we're still waiting for OpenSea to launch its token.

Ray Dalio: The Resolution of the US-Iran Conflict Is In the Strait of Hormuz

Ray Dalio: The Resolution of the US-Iran Conflict Is In the Strait of Hormuz

In war, the ability to endure pain is often more important than the ability to inflict pain.

In just 70 days, Polymarket easily raked in tens of millions in fees

In just 70 days, Polymarket easily raked in tens of millions in fees

The money printer is running, and the future ceiling only depends on two main variables.

Matrixdock is launching the Silver Token XAGm, built on the FRS standard as an on-chain silver-backed asset.

Matrixdock is launching the Silver Token XAGm, built on the FRS standard as an on-chain silver-backed asset.

In the future, Matrixdock will continue to expand to include more high-quality real-world assets, driving the development of a more transparent and robust on-chain reserve asset system.

a16z: The Hardest Enterprise Software, and the Greatest Opportunity in AI

a16z: The Hardest Enterprise Software, and the Greatest Opportunity in AI

The world will continue to run on SAP, but AI will reshape it

Polymarket Market-Making Bible: Pricing Spread Formula

Polymarket Market-Making Bible: Pricing Spread Formula

This article presents a comprehensive market-making pricing framework that will elevate you from "guesstimate pricing spread" to "formula-based pricing spread."

Ray Dalio: If the United States loses Hormuz, it will lose more than just a war

Ray Dalio: If the United States loses Hormuz, it will lose more than just a war

In war, who can endure pain better is often more important than who can inflict pain better.

How to Earn Up to 40% Rebates on Crypto Futures Trading (WEEX Trade to Earn IV Guide)

How to Earn Up to 40% Rebates on Crypto Futures Trading (WEEX Trade to Earn IV Guide)

WEEX Trade to Earn IV lets traders earn up to 40% fee rebates in real time through a tiered miner system tied to trading activity. With additional boosts from referrals, it offers a more reliable alternative to airdrops as the crypto market gains momentum.

NVIDIA Plays Trillion-Dollar Chess Game | Rewire News Morning Edition

NVIDIA Plays Trillion-Dollar Chess Game | Rewire News Morning Edition

DGX Station, a desktop workstation capable of running trillion-parameter models

Real-time Update | NVIDIA GTC 2026 Conference Highlights Galore

Real-time Update | NVIDIA GTC 2026 Conference Highlights Galore

The most anticipated annual event in the AI field, NVIDIA's GTC 2026 Conference, kicked off today in San Jose, California, USA.

People Behind Pokémon Go: Started with CIA's Money, Now Mapping the World for the Military AI

People Behind Pokémon Go: Started with CIA's Money, Now Mapping the World for the Military AI

The security of data depends on whose hands it ends up in.

Huang Renxun GTC Speech Full Text: By 2027, Market Demand Will Exceed $1 Trillion; Everyone Should Develop an OpenClaw Strategy

Huang Renxun GTC Speech Full Text: By 2027, Market Demand Will Exceed $1 Trillion; Everyone Should Develop an OpenClaw Strategy

The underlying business logic driving future growth will be the "Tokenomics of a Platform Factory."

Stratechery Debunks the AI Bubble Myth: What Should We Do with AI?

Stratechery Debunks the AI Bubble Myth: What Should We Do with AI?

LLM Third Normal Form Jump drives the Agent from Tool to Execution System, current AI investment is closer to demand-driven rather than hype

Three Charts to Watch at NVIDIA's GTC: Cheaper Compute, Spend More

Three Charts to Watch at NVIDIA's GTC: Cheaper Compute, Spend More

Mining Cost Down 94%, Capex Up 170%

BTC Eight Green Candles Reach $76K, What Is the Logic Behind Outperforming Gold in the Midst of Battle?

BTC Eight Green Candles Reach $76K, What Is the Logic Behind Outperforming Gold in the Midst of Battle?

War Cooling Off, Oil Pullback, Stock Market Rebound: Where Is Bitcoin Headed This Time?

Morning Report | Strategy invested $1.57 billion last week to increase its holdings by 22,337 bitcoins; Abra plans to go public through a SPAC merger; Metaplanet aims to raise approximately $765 million to increase its bitcoin holdings

Morning Report | Strategy invested $1.57 billion last week to increase its holdings by 22,337 bitcoins; Abra plans to go public through a SPAC merger; Metaplanet aims to raise approximately $765 million to increase its bitcoin holdings

Overview of Important Market Events on March 16

CB Insights: Nine Predictions for the Fintech Sector in 2026, with Asset Tokenization Already Becoming a Trend

CB Insights: Nine Predictions for the Fintech Sector in 2026, with Asset Tokenization Already Becoming a Trend

AI agents initiate autonomous trading, crypto giants directly challenge traditional banks: an article revealing 9 disruptive predictions that will reshape the financial landscape in 2026.

RootData: February 2026 Cryptocurrency Exchange Transparency Research Report

This month's cumulative spot trading volume on cryptocurrency exchanges has decreased slightly by 4.7% compared to January, which is the result of multiple factors including market conditions, the macro environment, and the Spring Festival holiday in Chinese-speaking regions.

「One and Done SEA」, so OpenSea chooses to wait a little longer

It's already Q1 2026, and we're still waiting for OpenSea to launch its token.

Ray Dalio: The Resolution of the US-Iran Conflict Is In the Strait of Hormuz

In war, the ability to endure pain is often more important than the ability to inflict pain.

In just 70 days, Polymarket easily raked in tens of millions in fees

The money printer is running, and the future ceiling only depends on two main variables.

Matrixdock is launching the Silver Token XAGm, built on the FRS standard as an on-chain silver-backed asset.

In the future, Matrixdock will continue to expand to include more high-quality real-world assets, driving the development of a more transparent and robust on-chain reserve asset system.

a16z: The Hardest Enterprise Software, and the Greatest Opportunity in AI

The world will continue to run on SAP, but AI will reshape it

Popular coins

Latest Crypto News

21:42

Based Foundation: BASED token will have its TGE on March 30

The Hyperliquid ecosystem cryptocurrency trading and consumption platform Based Foundation announced on X that the BASED token TGE will be held on March 30.

21:42

Data: "First set 10 major goals" The whale's long positions in BTC, ETH, and BNB have made a profit of 14.668 million dollars

According to on-chain analyst Ai Yi's monitoring, the "set 10 big targets" whale's long positions in BTC, ETH, and BNB have made a profit of $14.668 million: 1. BTC long position: holding 1,159 coins, opening price $67,920, profit $6.702 million; 2. ETH long position: holding 17,738 coins, opening p...

21:42

The founder of Genius Group has spent a total of 2.9 million dollars to repurchase a total of 5.5 million shares of the company's stock

Genius Group, a Bitcoin treasury company listed on NYSE American, disclosed that its founder and CEO Roger Hamilton repurchased 300,000 shares of the company in the open market at an average price of $0.37 per share last week. To date, he has spent a total of $2.9 million to repurchase a total of 5....

21:42

Citibank has lowered its target prices for BTC and ETH over the next 12 months to $112,000 and $3,175, respectively

Citigroup has lowered its 12-month price target for Bitcoin from $143,000 to $112,000, and for Ethereum from $4,304 to $3,175.The bank pointed out that factors such as the stalled progress of U.S. cryptocurrency legislation, declining expectations for ETF fund inflows, and weak on-chain activity are...

21:42

Data: The current whale holdings on the Hyperliquid platform are 3.644 billion USD, with a long-short position ratio of 1

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.644 billion, with long positions of $1.821 billion, accounting for 49.98% of the total holdings, and short positions of $1.823 billion, accounting for 50.02%. The profit and loss for long positions is $5...