Key Takeaways:
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Bitcoin marked its steep pullback for a month, with the Ghost Month trend indicating a further fall to $ 105,000.
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Onchain data shows an increase in demand in the US and Korean spots, pointing to a short -term recovery.
Bitcoin (Btc) Saw a sharp correction on Thursday, slipping below $ 117,000 on August 14, marked its steep pullback a month. The day -to -day chart has exploded a bearish prevention pattern for the first time since July 15, which has raised concerns that the time -consuming weakness during Asia’s “ghost month” may expand the collapse.
Despite sinking, onchain data points to elastic purchase purchase activity. The Coinbase Premium Index climb up At a monthly high yesterday, the US area’s powerful demand. In Asia, the Kimchi Premium Index turn around Positive, indicating Korean’s modified purchase pressure.
Crypto trader hansolar Summary The sentiment and said the collective purchases of bids spread throughout the Coinbase, Bitfinex, and South Korean market.
Bullish Undertone is more Supported by stablecoin flow. According to the Crypto Maartunn analyst, USDC’s flows on exchanges have moved to $ 3.88 billion since the price of the price, suggesting entrepreneurs are preparing to deploy capital.
Data too implies The signs of that capitulation are mute. Only 16,800 BTCs have been transferred to the exchanges in the loss of short -term holders (STH), well below the volumes seen in previous sellers. For the context, before, when Bitcoin sank more than 5%, more than 48,000 BTCs were sold in the loss of STHS.
📊market update: #Bitcoin The 5% on August 14th, but capitulation signs were muttered with only 16.8k $ Btc Transferred to exchansions to loss from short -term holders, lower than previous drawdowns.
The Blue Arrow Trend shows Sti’s retreat that sells pressure. 👍 pic.twitter.com/svuvrsvxj5
– Cointelegraph Markets & Research (@cointelegraphmt) August 15, 2025
Related: Analysts view Bitcoin’s consumer fatigue as retail changes to the Altcoins
Can ‘Ghost Month’ expand the BTC correction period?
Anonymous analyst exitpump Notes That Bitcoin could find support between $ 116,000 and $ 117,000, where both area and futures that buy interest shows in order books.
While this may lead to Swift Recovery, a repeated arrow -time pattern tied to Asia’s “Ghost Month” often coincides with sharp pullbacks.
This year Month of ghosts Running from August 23 to September 21. In the Chinese lunar calendar, it marks the seventh month of the year, a period often associated with bad luck in Asian culture. While the phenomenon does not directly affect the markets, its psychological impact on merchants can be significant, influencing appetite and income behavior.
Historically, Bitcoin has shown a tendency to sell on the month of the ghost. Since 2017, the average fall of the BTC peak during this period was nearly 21.7%, with known drops such as -39.8% in 2017 and -23% in 2021.
With the current Bitcoin sale near $ 117,320, a drawdown according to the average average can drag prices to $ 105,000- $ 100,000 range before any significant rebound. This is aligned with the basic technical support in the zones, where long -term consumers can look at the step.
While a few years ends Ghost Month with a positive ROI, repeated mid-season volatility means that entrepreneurs should remain careful. Any deeper correction in late August may set a stage for a stronger Q4 recovery, after assessing the resolution of short -term bulls.
Related: Blackrock Bitcoin, the Ether ETF bought $ 1B as a BTC price most fills the CME gap
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
