Today's Market update

Market Snapshot
Current Price (USD): ~$113,944

24‑h Change: Down ~0.7%, a drop of ~$840 since yesterday

Intraday Range: Between ~$112,831 and ~$115,899
Forbes
+2
YouTube
+2
Cointelegraph
+2
Coinbase
+10
CoinMarketCap
+10
Cointelegraph
+10
Cointelegraph
+2
AInvest
+2
CoinDesk
+2

Market Capitalization: Approximately $2.26 trillion

Circulating Supply: About 19.90 million BTC
BitDegree
+5
CoinMarketCap
+5
Binance
+5

📰 Key Drivers & News Highlights
Macro Impact: Renewed U.S. tariffs and profit-taking drove Bitcoin below $115K, amplifying broader risk-aversion across financial markets
The Economic Times
+2
Barron's
+2
The Times of India
+2
.

Derivatives & Liquidations: Roughly $760M to $713M went into liquidations in BTC long positions, affecting over 180,000 traders on exchanges like Binance and OKX
AInvest
+1
Bitcoin Magazine
+1
.

ETF Flows: Spot Bitcoin ETFs reported $812M in outflows on August 1, cutting week-long inflows and bringing total net ETF assets to around $146.5B (~6.5% of BTC's market cap)
AInvest
.

Market Sentiment: Derivatives data suggest caution but do not indicate a full bearish reversal; futures premium is at a four-week low (~6%) signaling reduced leveraged demand
Cointelegraph
.

Technical Outlook: Analysts warn of a bearish divergence potentially targeting a correction toward ~$92K, especially after failing to sustain above ~$116K multiple times
Cointelegraph
.

Monthly Trends: Bitcoin just closed July at a record monthly high (~$115,800), and historically August tends to see strong post-halving gains—even amid pullbacks
Cointelegraph
.

Institutional Moves: DevvStream Corp. allocated $10M into Bitcoin and Solana as part of sustainable treasury strategy; other companies remain active buyers despite recent headwinds
AInvest
.

📊 Sentiment & Technical Summary
Factor Insight
Momentum Down nearly 1% today; sliding from record highs near mid‑July
Sentiment Market tone = cautious; no panic, but futures premium and open interest are jittery
Support Zones Near $113K–$114K; further risk below may test $110K–$112K
Upside Triggers Strong ETF inflows, macro relief, or renewed speculative momentum

🔍 Bottom Line
Bitcoin is under short-term pressure due to macro shocks (trade/tariffs) and profit-taking after its July peak.

Technical and derivatives activity suggest heightened caution, not collapse—though a pullback into the low-$110Ks remains possible.

Historically favorable seasonality in August could offer resilience or sharp rebounds if sentiment stabilizes.

✅ Watchlist
U.S. economic data (especially jobs and Fed commentary)

Spot Bitcoin ETF flows in coming days

Derivatives metrics: futures premium, open interest, liquidation trends

Support levels around $113K–$112K and resistance near $116K

Let me know if you want a comparison with other cryptos, deeper technical analysis, or a long‑term outlook.

Related crypto‑market news

Cointelegraph
Bitcoin price dip shakes trader confidence: Is the 2025 bull run in danger?
Today

CryptoPotato
Bitcoin Price Plummets Toward $113K as Total Liquidations Approach $1 Billion
Today

The Economic Times
Bitcoin slips below $115,200 as U.S. tariffs rattle markets; Ethereum, Solana, Dogecoin fall up to 8%
Yesterday