{"id":359456,"date":"2025-08-20T12:56:14","date_gmt":"2025-08-20T12:56:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/359456\/"},"modified":"2025-08-20T12:56:14","modified_gmt":"2025-08-20T12:56:14","slug":"bitcoin-demand-dips-will-110k-hold-amid-macro-pressures","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/359456\/","title":{"rendered":"Bitcoin demand dips \u2013 Will $110K hold amid macro pressures?"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways\u00a0<\/strong><\/p>\n

BTC\u2019s overall demand has declined from over 170K BTC to 50K BTC in August. Despite the short-term macro risks, speculators have upped bets on $120K-$130K price target.\u00a0\u00a0<\/p>\n

Bitcoin\u2019s [BTC<\/a>] overall demand from ETF complex and treasury firms has dropped sharply, further accelerating the recent pullback from $124K to $112.5K.\u00a0<\/p>\n

According to Julio Moreno, CryptoQuant\u2019s Head of Research, the demand slowdown was primarily behind<\/a> the price retracement.\u00a0<\/p>\n

\"Bitcoin\"<\/a><\/p>\n

Source: CryptoQuant<\/p>\n

From over 170K BTC in early August, appetite declined more than threefold to 50K BTC at press time. However, analysts also warned of extra macro headwinds in the near term.<\/p>\n

Powell\u2019s stance, liquidity concerns<\/strong><\/p>\n

Expectations for September\u2019s potential Fed rate cuts will come under renewed scrutiny ahead of Federal Reserve Chair Jerome Powell\u2019s speech on the 22nd of August, at the Jackson Hole Symposium.<\/p>\n

For his part, Wall Street analyst Tom Lee has projected<\/a> that Powell will likely take a hawkish stance, but markets will rally afterwards.\u00a0<\/p>\n

At the same time, the potential dollar liquidity drain could also derail BTC bulls in the next few weeks, according to Coinbase\u2019s Head of Research, David Duong. Delphi Digital also shared a similar cautious<\/a> warning.\u00a0<\/p>\n

Duong argued that the U.S. Treasury will likely borrow more money (about $400B) from the markets, and could sour sentiment for BTC and crypto in the short-term. But he added<\/a>,\u00a0<\/p>\n

\n

\u201cThis explains why Bitcoin has lost trend alongside many equity names. But we think the path forward looks clearer in September.\u201d<\/p>\n<\/blockquote>\n

\"Bitcoin\"<\/a><\/p>\n

Source: X<\/p>\n

Will BTC\u2019s $110K support hold?<\/strong><\/p>\n

This begs the question \u2014 Will the $110K support crack<\/a> ahead of these macro pressures?<\/p>\n

Well, Options traders were making a contrarian bet. Notably, Options market positioning has hit record highs, according to Glassnode.\u00a0<\/p>\n

In fact, speculators scooped<\/a> more calls (bullish bets) targeting $120K-$130K, marking it as a key upside target.\u00a0<\/p>\n

\"Bitcoin\"<\/a><\/p>\n

Source: Glassnode<\/p>\n

That said, any further downside risk could be accelerated if the BTC clears the Short-Term Holder (STH) Cost Basis of $108K.\u00a0<\/p>\n

This level has acted as a key support and resistance level in the past. Hence, if $110K support fails, it could be the next level to watch for a potential rebound in light of the above macro pressures.\u00a0\u00a0<\/p>\n

\"Bitcoin\"<\/a><\/p>\n

Source: Checkonchain<\/p>\n

Overall, bulls, especially on the Options side, viewed the recent pullback as an opportunity for a discounted grab for a potential rally to a new peak.<\/p>\n

Whether they\u2019ll withstand or succumb to macro pressures remains to be seen.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: $64.4M Bitcoin sale stirs fear of short-term BTC price dip \u2013 Explained<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways\u00a0 BTC\u2019s overall demand has declined from over 170K BTC to 50K BTC in August. Despite the…\n","protected":false},"author":2,"featured_media":359457,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-359456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115061206992371544","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/359456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=359456"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/359456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/359457"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=359456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=359456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=359456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}