has slipped to around $114,755, its lowest point in nearly two weeks. While some traders worry this signals the start of a deeper correction, others see it as a healthy pause before the next leg higher.
Despite nearly $1.5 billion in U.S. spot ETF outflows since the start of August, the price has only dropped about 6%. This relatively mild reaction suggests that selling pressure hasn’t turned into panic. Options data show a rise in hedging demand, but not to extremes usually linked with steep downturns.
Institutional positioning on major exchanges remains balanced, signaling confidence in a potential rebound. At the same time, retail activity in Asia indicates that everyday investors aren’t rushing to exit, with stablecoin flows showing little stress.
For now, the $114K level looks like a key support zone, with room for a rebound toward $120,000 if sentiment steadies. Risks remain, including the next policy steps and a stronger , but the broader setup points to stabilization rather than a sharp breakdown.