Bitcoin (BTC) is faced with renewed drop pressure while it fights to maintain levels over $ 115,000. At the time of writing the time of the editorial staff, the cryptocurrency is negotiated at around $ 115,745, down approximately 2.2% in the last 24 hours and almost 6% below its highest in July 123,000.
The latest market movement has raised questions about short -term price stability, in particular in the midst of increasing concerns concerning low structural support in the current negotiation area.
Recent data from the cryptocurrency chain analysis platform suggest that if long-term holders remain largely profitable, short-term feeling has changed.
Bitcoin UTXO data point to the evolution of investor behavior
The activity among the results of the unused Bitcoin (UTXO) transaction, a metric that follows the spent parts either in profit or at a loss, indicates that many investors are starting to react to smaller price reductions, which could point out an increase in market uncertainty.
In a recent analysis on the Quicktake platform of cryptocurrency, the contributor Darkfost has shared information on how UTXO activity can reflect a broader feeling on the market.
“This graph, based on UTXOS from block data, highlights the number of utxo spent either in profit or loss,” wrote the analyst, noting that this approach focuses on the number of transactions rather than value, helping to filter the noise based on prices.
Historically, Bitcoin has experienced a domination of utxos spent in profit, patient holders benefiting from a long -term assessment. Between July 11 and 13, the profitable utxos ratio compared to those spent at loss exceeded 10,000, which means for each expenditure of loss, there were more than ten profitable thousand.
However, this ratio has since decreased to around 500, suggesting that some investors are now closing positions at a loss even with minor price retractions. This change, according to Darkfost, may indicate short -term sales pressure despite the overall status of most holders.
The low support structure adds to the lower risk
Another cryptocurrency analyst, Maartunn, underlined the structural weaknesses of the recent increase in Bitcoin prices. On July 10, the BTC quickly increased from $ 112,000 to $ 115,800, but this upward movement left little support on the channel in the price range.
Bitcoin teleported $ 112 to $ 115.8,000 – but there is a thin air below
“From a technical point of view, there is no resistance or past consolidation which could now act as support. If this final support area breaks, the price could drop quickly. ” – By @Ja_maartun pic.twitter.com/a3hqoanfdc
– cryptotics.com (@cryptoquant_com) August 1, 2025
“This decision occurred so quickly that no level of support was formed,” said the analyst. “If the momentum falls or the sellers intervene, the price could drop as quickly as it has increased.”
With Bitcoin which now hovers just above its last known chain support area, analysts warn that a failure to maintain this level could accelerate the decline.
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