Bitcoin falls to $ 115,000; cryptocurrencies bleed

The price of Bitcoin (BTC) retreated this Friday, July 25 at 2.11% compared to the previous day, losing the lateralization that maintained above the USD 118,0000, and returning to contributions that had not come for two weeks

During the first hours of the day, BTC fell below the USD 115,000, reaching the USD 114,700, before bouncing slightly and recovering up to 116,298 dollars, where it remains at the time of writing this report.

The bearish movement seems to be motivated by taking a profit by investors, as well as mass sales from large whales and technical ruptures below key levels.

According to Coinglass data, during the last 24 hours there were liquidations of long positions of about USD 585 million. Of those, USD 140 million were only in Bitcoin, increasing the selling pressure when closing leverage positions.

Meanwhile, Galaxy Digital has deposited more than 10,000 bitcoin in exchanges in the last eight hours, according to Lookonchain. Such Bitcoin came from a whale of the Era of Satoshi Nakamoto that moved 80,000 BTC a few days ago towards that entity.

In general, Whale movements usually precede short -term volatilityalthough not necessarily prolonged falls.

On the other hand, the fall from the USD 118,000 activated alert signals in several technical indicators, such as the relative force index (RSI), which measures the impulse of the market.

After the setback, The RSI moved away significantly from the level of 70 points and is located at 42.7 At the close of this report, as can be seen in the following graph. This reflects a weakening of momentum in the price of BTC.

Despite this bearish movement, Bitcoin dominance in the market rose and positioned in 61.3%. This, evidencing that the development of the Altseason stagnate or retreated, because the Altseason index collapsed during the July 24 day, as cryptoics reported.

With the fall of Bitcoin, other cryptocurrencies also descended within the top 100, which record 40% weekly setbacks, as is the case of Pump.fun (pump). And others with more modest falls, of 10%, as is the case of Aptos (APT) and Hedera (Hbar).

However, there are cryptocurrencies, such as converge (CFX), Ethena (ENA) and Pudgy Penguins (Pengu) that are the ones that are best resisting, with weekly increases of 72.8%, 39.8%and 29.3%, respectively.

The resistance of these cryptocurrencies is due, among other things, to strategic alliances and collaborations with government entities. For example, the CFX developer company joined the companies of Techorx and EastCompeace Technology to broadcast a stablecoin linked to the Chinese Yuan, as Cryptonoticia reported.

As for Pengu, his resilience responds to CBOE BZX presented to the United States Stock Exchange and Securities Commission (SEC) a 19B-4 form to list a bottom-listed background (ETF) based on that cryptocurrency.

And in the case of Ethena, a strategic alliance with digital Anchorage was recently reported, to carry the stablecoin developed by them, USDTB, to the United States, following the regulatory standards of the newly approved Genius Law.