Key Notes

Bitcoin is trading around $115,000, down 3% over the past week.

Support between $110K–$116K remains weak, needing stronger accumulation.

ETF outflows and whale profit-taking suggest growing sell pressure.

After peaking at over $123,000 in mid-July, Bitcoin BTC $116 345 24h volatility: 2.0% Market cap: $2.32 T Vol. 24h: $29.36 B has entered into a phase of market indecision. At press time, the price hovers just above $115,000, down roughly 3% in the last seven days.

According to Glassnode , the breakdown from the $116,000 support zone on July 31 pushed BTC into a low-liquidity “air gap,” with little historical buying activity between $110,000 and $116,000. Related article: Crypto Market Sentiment Shifts: BTC, ETH, XRP on Investors' Radar

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