{"id":57932,"date":"2025-08-19T04:08:24","date_gmt":"2025-08-19T04:08:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-slips-1-1-to-116k-as-traders-brace-for-august-weakness\/"},"modified":"2025-08-19T04:08:24","modified_gmt":"2025-08-19T04:08:24","slug":"btc-slips-1-1-to-116k-as-traders-brace-for-august-weakness","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-slips-1-1-to-116k-as-traders-brace-for-august-weakness\/","title":{"rendered":"BTC slips 1.1% to $116K as traders brace for August weakness"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-9-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-9-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-9-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-9-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Crypto markets show a split between institutional bulls and retail bears.<\/li>\n<li>Prediction markets signal a bearish end to August for Bitcoin.<\/li>\n<li>Derivatives data shows caution, with funding rates turning negative.<\/li>\n<\/ul>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A profound and unsettling divide is splitting the cryptocurrency market in two as the trading day begins in East Asia. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">While the world\u2019s largest institutions are quietly building their positions for a long-term rally, a wave of short-term fear is gripping the retail and derivatives markets, creating a tense tug-of-war that is pulling prices lower.<\/span><\/p>\n<div class=\"ad-banner  container  pt-1  px-0  mb-6\" data-partner=\"bitcoinpenguin\">\n        <a href=\"https:\/\/bitcoinpenguins.io\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" class=\"p-0  m-0\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">As the morning session unfolds, Bitcoin is trading at<\/span> $116,263, down 1.1% and 2% lower on the week, while ETH sits at $4,322, <span class=\"ng-star-inserted\">seeing a sharper 3.8% drop in the last 24 hours. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The broader market is feeling the pressure, with the\u00a0<\/span><span class=\"ng-star-inserted\">CoinDesk 20 (CD20)<\/span><span class=\"ng-star-inserted\">\u00a0index down 2.4%. This nervous price action is a direct reflection of a market caught between two powerful, opposing narratives.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A tale of two markets<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">On one side, the conviction of institutional players remains unshakable. The Singapore-based market maker\u00a0<\/span><span class=\"ng-star-inserted\">Enflux<\/span><span class=\"ng-star-inserted\">\u00a0described the dynamic perfectly in a note to CoinDesk.\u00a0<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">\u201cThe market remains caught between strong underlying institutional conviction, highlighted by Strategy Inc.\u2019s additional 430 BTC purchase and structural financing shift, and a lack of immediate retail follow-through,\u201d<\/span><span class=\"ng-star-inserted\">\u00a0the firm wrote.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Enflux points to asset manager VanEck\u2019s reiterated\u00a0<\/span><span class=\"ng-star-inserted\">$180,000<\/span><span class=\"ng-star-inserted\">\u00a0year-end bitcoin target as clear evidence that the market\u2019s giants are positioning for a significant move higher. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">On the other side, however, the retail-driven narratives that often fuel explosive rallies have fizzled, with potential ETFs for assets like XRP and DOGE stalled by SEC delays.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">One notable exception to this trend is Solana, which Enflux noted continues to show\u00a0<\/span><span class=\"ng-star-inserted\">\u201cquiet strength,\u201d<\/span><span class=\"ng-star-inserted\">\u00a0driven by its dominance in USDC transfers and its growing share of new token issuance via platforms like PumpFun.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Whispers of warning from the derivatives market<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This lack of broad participation is creating a vacuum that is being filled with caution. Prediction markets are now flashing bearish signals for the remainder of August. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">On\u00a0<\/span><span class=\"ng-star-inserted\">Polymarket<\/span><span class=\"ng-star-inserted\">, the odds now favor a month-end close for BTC below\u00a0<\/span><span class=\"ng-star-inserted\">$111,000<\/span><span class=\"ng-star-inserted\">, with a 34% probability.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The derivatives market is telling a similar story of defensive posturing. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The analytics firm\u00a0<\/span><span class=\"ng-star-inserted\">QCP<\/span><span class=\"ng-star-inserted\">\u00a0reported in a recent market update that perpetual funding rates\u2014a key indicator of trader sentiment\u2014turned negative over the weekend, a setup that has preceded pullbacks in the past. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Furthermore, options skews now clearly favor puts (bets on a price decline) across all timeframes.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The calm before the storm: all eyes on jackson hole<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The result is a market that feels structurally sound at its core but is tactically fragile and defensive on the surface. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This nervous energy is building ahead of the week\u2019s main event: the Jackson Hole symposium, where Fed Chair Jerome Powell is expected to deliver a pivotal speech. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Traders are anxiously awaiting guidance on how the central bank will navigate higher-than-expected inflation, especially under the glare of a White House that continues to challenge its neutrality.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">While the long-term foundation for a broader rally\u2014fueled by four-year highs in crypto search interest and the promising GENIUS Act making its way through Washington\u2014is still being laid, the immediate future appears uncertain. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">For now, the conviction is concentrated among the giants, while the rest of the market holds its breath, waiting for a spark.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/btc-slips-1-1-to-116k-as-traders-brace-for-august-weakness\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Crypto markets show a split between institutional bulls and retail bears. Prediction markets signal a bearish end to August for Bitcoin. Derivatives data shows caution, with funding rates turning negative. A profound and unsettling divide is splitting the cryptocurrency market in [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":57933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57932"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=57932"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/57933"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=57932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=57932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=57932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}