According to @CryptoMichNL, Bitcoin's daily candle swept liquidity above recent highs and then reversed to the range-high resistance, signaling a weak daily close. According to @CryptoMichNL, a retest near 116.8K could occur before continuation.

According to @glassnode, Bitcoin rebounded after dipping below 114k USD last week and is climbing toward 121k USD, with this week’s Market Pulse assessing spot markets, derivatives activity, Bitcoin ETFs and on chain indicators to determine whether the recovery can sustain or if profit taking will take over, source: @glassnode on X, Aug 11, 2025. Traders are directed to monitor these four signal clusters as the decision framework around the bounce toward 121k USD to gauge sustained demand versus realized profit taking for near term direction, source: @glassnode on X, Aug 11, 2025.

According to @rovercrc, Bitcoin OTC desk supply is rapidly declining, signaling a potential supply shock in the BTC market. This reduction in available over-the-counter Bitcoin could tighten liquidity, potentially driving up prices as institutional and large-scale buyers compete for limited coins. Traders should closely monitor OTC supply trends, as supply shocks have historically led to increased volatility and upward price momentum in the short term. Source: @rovercrc.

According to Michaël van de Poppe, BTC is currently experiencing a period of reduced volatility, with neither an upward nor downward breakout observed. This consolidation suggests that traders should remain patient, as historical patterns indicate that a significant price movement is likely imminent. Such volatility compression often precedes major breakouts, which can present substantial trading opportunities for both long and short positions in the bitcoin market (Source: Michaël van de Poppe).

According to @glassnode, recent BTC price dips are gradually filling the airgap in the $109K–$116K range, indicating steady investor engagement over the past month. The observed staircase accumulation pattern suggests buyers are actively supporting BTC at lower levels. Moreover, there is limited distribution from the $118K–$120K range, implying that holders at these higher price points are choosing to hold rather than sell. This behavior highlights strong conviction among investors and may signal a potential floor for BTC in the near term, impacting trading strategies and short-term price expectations. Source: @glassnode.

According to Charles Edwards, the Bitcoin Yardstick indicator has recently demonstrated effective market timing for BTC, capturing significant entry and exit signals. Traders may find this tool valuable for identifying optimal buying and selling opportunities in Bitcoin, as recent data suggests its signals have aligned closely with key price movements. This trading insight highlights the potential for improved timing strategies in the current cryptocurrency market, as reported by the source.

According to QCPgroup, Bitcoin (BTC) spot price trading near 112,000 warrants caution for traders. The group notes that if ETF inflows resume, implied volatility compresses, and option skew narrows, these conditions could signal a potential bullish setup for the next upward move in BTC. Traders should monitor these metrics closely as they may indicate renewed momentum in the crypto market. Source: QCPgroup.

According to @CrypNuevo, recent BTC price action mirrored the reversal seen in January, displaying a common pullback pattern after reduced momentum. However, @CrypNuevo emphasizes that the current market environment differs significantly from January, making it unlikely that the same price action will repeat. Traders should note that while reversal patterns are similar, underlying market conditions have changed, which could impact short-term BTC trading strategies and volatility. Source: @CrypNuevo.

According to @rovercrc, Bitcoin ETFs have recently experienced the second-largest outflow in their history, raising concerns among traders about potential downward pressure on BTC prices. Large ETF outflows are often interpreted as bearish signals, as they may indicate that institutional investors are reducing their exposure to Bitcoin. This development could impact short-term trading sentiment and increase volatility across the broader cryptocurrency market. Traders should monitor ETF flow data closely for further signs of trend continuation or reversal, as ETF movements are frequently linked to significant price actions in the crypto space (source: @rovercrc).

According to @52kskew, BTC spot TWAP selling continues to dominate price action, while a significant amount of short positions were closed and many longs were deleveraged around the $112K level. This price point is now considered pivotal for traders, as further movement above or below $112K could signal the next major trend in the BTC market (source: @52kskew).

According to @CrypNuevo, Bitcoin (BTC) experienced a notable drop from $120,000 to $114,000, filling both a long wick and a CME gap. The author noted that some short orders at $121,000 were left unfilled due to insufficient momentum to reach that liquidity zone. Current price action is mirroring the structural pattern observed in late January, which may signal similar trading opportunities for BTC traders. This analysis highlights the importance of monitoring CME gaps and repeating price structures when planning short-term trading strategies for Bitcoin (source: @CrypNuevo).

According to Material Indicators, Bitcoin (BTC) and Ethereum (ETH) are encountering significant resistance levels even as broader macroeconomic factors provide tailwinds. The disconnect between supportive macro conditions and current price action suggests that traders should closely monitor order book data and resistance points as the monthly close approaches. These dynamics could lead to heightened volatility and present short-term trading opportunities for BTC and ETH, especially as market participants react to both technical barriers and macroeconomic signals (source: Material Indicators).

According to Cas Abbé, Bitcoin (BTC) is currently trading above every short-term holder cost basis, which ranges between $110,000 and $117,000. This indicates that even the newest investors are in profit, reinforcing solid support levels below the current price. For traders, this suggests that Bitcoin has established strong realized support, reducing downside risk and signaling potential for continued bullish momentum if these levels hold (Source: Cas Abbé).

According to Michaël van de Poppe, a small liquidity sweep occurred on BTC following the latest FOMC meeting. The price has since returned to its previous range and is showing strong momentum, suggesting that BTC is well-positioned to break upwards toward a new all-time high. This pattern indicates renewed bullish sentiment and could signal a significant trading opportunity for cryptocurrency market participants (source: Michaël van de Poppe).

According to @MI_Algos, FireCharts data indicates that BTC is approaching a crucial support level at $116,750. A loss of this support could trigger a further decline toward the $107,000 to $110,000 range. This support test is significant for traders, as a breakdown may lead to increased volatility and open short-term downside opportunities in the BTC market. Source: @MI_Algos.

According to @CrypNuevo, Bitcoin's recent price action showed upper wicks with stalled upward momentum, which provided traders with signals to catch this week's downward move (source: @CrypNuevo). The current chart has developed a significant lower wick that could potentially get filled, suggesting traders should monitor for a possible price retracement to lower support zones. This setup highlights the importance of watching for liquidity grabs and reaction at key support levels for BTC.

According to Michaël van de Poppe, if Bitcoin (BTC) maintains support above $116,800, the cryptocurrency could reach new price highs in the coming week. Traders should monitor the $116.8K support level as a critical pivot point for potential bullish momentum in the short term (source: Michaël van de Poppe).

According to Farside Investors, Grayscale's Bitcoin ETF (GBTC) recorded a significant daily outflow of $50.5 million. This notable capital movement may increase short-term selling pressure on BTC and could impact overall Bitcoin market sentiment as investors adjust their positions in response to ETF flows. Source: Farside Investors.

According to Michaël van de Poppe, Bitcoin (BTC) has demonstrated notable resilience by reclaiming liquidity after a rejection and continuing its upward momentum. This persistent recovery suggests a robust market structure, with altcoins also exhibiting strong performance. The current market setup indicates favorable conditions for a potential breakout across both BTC and major altcoins, making this a critical period for traders to monitor price action and liquidity flows. Source: Michaël van de Poppe.

According to @ai_9684xtpa, a trader previously closed profitable BTC short positions at an entry of $119,425, realizing $8.5 million in gains, and exited an ETH short at $3,528.85 with a loss. The trader has now reopened short positions at lower levels: BTC at $116,065.2 with an unrealized profit of $1.947 million, and ETH at $3,698.17 with floating profits. These actions indicate continued bearish sentiment for BTC and ETH, with active capital allocation based on price movements (source: @ai_9684xtpa).