Overview

• President Trump’s new reciprocal tariffs have fueled risk-off flows and strengthened the dollar, adding pressure to Bitcoin’s price.
• Bitcoin is trading near $115,000 after a 2–3% drop following renewed macro uncertainty.
• On-chain data from Glassnode reveal long-term holders distributed over 207,000 BTC in the past 30 days, signaling strategic de-risking.
• CryptoQuant reports a third profit-taking wave with $6–8 billion in realized gains, highlighted by an 80,000 BTC whale sell-off.
• Coinglass shows over $700 million in long position liquidations in the last 24 hours, and 10x Research warns August is historically weak for Bitcoin.