- BTC falls to $112K, third straight Friday drop
- $1B in long positions liquidated amid weak U.S. data
- Signs of market rebound emerge with record July close
Bitcoin ( BTC ) faced its third consecutive Friday slump, plunging to $112,000 in a rapid selloff that triggered over $1 billion in long liquidations. The selloff wasn’t isolated — major altcoins like Solana (SOL) and Ethereum ( ETH ) also faced heavy losses, down around 20% and 10% respectively.
Market analysts attribute this aggressive downturn to a mix of macroeconomic and policy triggers. Weak U.S. jobs data stoked fears about economic slowdown, while newly announced tariffs added to the market’s anxiety. The crypto market , especially leveraged long positions, reacted swiftly — and painfully.
ETF outflows added further selling pressure. Investors pulled funds from major digital asset ETFs, reinforcing bearish sentiment across both retail and institutional segments.
Despite Drop, July Ends on a Bullish Note
While the sharp correction captured headlines, BTC’s broader performance offered a silver lining. Despite the Friday drop, Bitcoin closed July with its highest monthly price ever — a sign that underlying bullish trends may still be intact.
Options flow data also revealed a shift in trader sentiment. Many investors are now repositioning for a rebound, anticipating a short-term recovery. These bets include a rise in calls versus puts, particularly in the $115K to $125K range, suggesting confidence that BTC could bounce back quickly.
Moreover, crypto veterans note that triple Friday selloffs are rare, and tend to precede reversal patterns historically. If history is any guide, the recent selloff could represent a shakeout — not a collapse.
Rebound Positioning Hints at Recovery
The pattern of liquidations and rapid corrections followed by option-based buying behavior hints at a tactical shift among traders. This setup often occurs at local bottoms, where panic selling gives way to strategic accumulation.
While caution remains essential — especially given ongoing macro pressures — the resilience shown in BTC’s July close and derivatives flow offers a degree of optimism. Whether that translates into price action in August remains to be seen.
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