🧵 Bitcoin Market Analysis | August 8, 2025 Appreciate the love on the last thread. Here’s a smoll follow-up. 🧐 Previously, we noted strong support in the $108K–$112K range. Since then, the easy move played out: price bounced from on-chain support at $112K and pushed up to resistance around $117.5K. Here is what's next 👇

2/ Price is at $117,500. A large cluster of previous buyers is concentrated in this range. These are primarily Short-Term Holders.

3/ The Realized Price for 1-week to 1-month holders is $117.6K, aligning precisely with the current on-chain resistance zone.

4/ I do expect some profit-taking. This group has returned to break-even, as the Short-Term Holder Spent Output Profit Ratio (STH SOPR) recently dipped below 1. This shows they were (on average) selling at a loss.

5/ A slowdown or period of consolidation seems reasonable at this stage. The key question is: how long will it persist? ETF flows remain a critical factor to monitor, as they've been a major driver of recent price action.

6/ To close: I expect a slowdown, but do your own research. I’m not a wizard, and I don’t have a crystal ball. I simply try to extrapolate what I’ve historically seen in the data and apply it to the present. Sometimes I get it right, sometimes I don’t. Let me know if you liked it ❤️