- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
QCP: Bitcoin Hit by Three Consecutive Friday Sell-Offs, But Overall Structural Uptrend Remains Intact
BlockBeats News, August 4th, QCP released daily market analysis stating: Bitcoin experienced a sell-off for the third consecutive Friday, with the price briefly testing the $112,000 support level. Since last Friday, this has triggered over $1 billion in leveraged long liquidations across the entire market. This rapid drop occurred against the backdrop of rising "risk-off sentiment" in traditional markets, primarily due to factors such as below-expected US employment data and Washington's new round of tariff policies. These factors have led to a simultaneous decline in both the US stock market and the crypto market as investors reassess the global growth and liquidity outlook.
Despite the market pullback, the overall structural uptrend has not been broken. Bitcoin's July monthly closing price set a new all-time high, and this decline appears more like a corrective retracement rather than a capitulatory sell-off. Based on historical experience, these types of pullbacks often squeeze out excessive leverage and build momentum for the next rally. More importantly, from a macro and structural perspective, there are still bullish factors in place: increasingly clear regulatory frameworks, accelerated stablecoin integration, institutional-grade tokenization projects progressing—all of which continue to strengthen the long-term fundamental logic of the crypto market.
Last night, there was significant interest in the BTC call fly combination expiring on August 29th, with strike prices at $118k / $124k / $126k, indicating that investors are betting on a rebound rally targeting $124k (above the previous all-time high). Although short-term put skew remains elevated, it has not yet reached a level of "widespread panic"—if the Bitcoin price reclaims $115k, this indicator is likely to return to normal.
You may also like
Alibaba Backed Latin America Stablecoin Company, Why VelaFi?
AI Crypto Trading in 2026: How AI Agents Use Stablecoins for Capital Management and Settlement
Learn how AI agents use stablecoins for crypto trading in 2026 — managing capital, settling transactions, and operating across exchanges and DeFi protocols.
Key Market Information Discrepancy on January 14th – A Must-See! | Alpha Early Report
Key Takeaways Bitcoin reached a new milestone, hitting $96,000, while Ethereum surpassed $3,300. Privacy coins such as ORDI…
Tether Freezes $182 Million in Assets in a Day: Is USDT Still a Neutral Coin?
Key Takeaways Tether recently froze $182 million in USDT across five wallets on the Tron blockchain, raising questions…
Analyst: MSTR is the “Mullet” of this Bitcoin Bull Cycle, Acting as a Bitcoin Pressure Relief
MSTR absorbed significant volatility in this Bitcoin cycle, easing potential pressure on Bitcoin itself. Michael Saylor’s strategic issuance…
The New Era in Bitcoin Core Development: The Rise of Core Maintainer TheCharlatan
Key Takeaways Integration of a New Maintainer: For the first time in three years, a new Bitcoin Core…
Bitwise CIO Predicts Parabolic Bitcoin Surge with Sustained ETF Demand
Key Takeaways Prolonged demand for Bitcoin ETFs may lead to a parabolic rise in Bitcoin’s price, drawing parallels…
Final Federal Reserve Chair Candidate Rick Rieder, How He Views Cryptocurrency
Key Takeaways Rick Rieder stands out among the Federal Reserve Chair candidates due to his strong pro-crypto stance,…
ASTER’s Largest Long Position on Hyperliquid Faces Significant Challenges
Key Takeaways A significant long position on ASTER is experiencing notable floating losses, revealing the volatility of crypto…
XRP Price Analysis and Outlook: Unpacking the Gravestone Doji
Key Takeaways The gravestone doji, a rare chart pattern, has recently appeared on XRP’s weekly chart, indicating potential…
Dogecoin Price Prediction: Why $0.14 Could Now Be a Barrier No One Can Surmount
Key Takeaways Dogecoin has recently faced a robust resistance at the $0.14 level, creating uncertainty for traders looking…
Crypto Price Forecast Today 12 January—XRP, Solana, Maxi Doge
Key Takeaways: XRP illustrates strong potential in 2026 with ecosystem growth and stablecoin expansion despite recent challenges. Solana…
Solana Price Forecast: The Impact of its Integration into Elon’s X (Twitter)
Key Takeaways: Solana’s speculated integration into X (formerly Twitter) could amplify its recognition across X’s extensive user base…
Kaspa Price Prediction – KAS Price Estimated to Drop to $ 0.038116 By Jan 17, 2026
Key Takeaways Kaspa is trading at $0.048316, showing a 3.06% decrease over the past 24 hours and a…
Story is Trading 33.03% Above Our Price Prediction for Jan 17, 2026
Key Takeaways Current Market Positioning: Story is trading at $2.58, significantly above the predicted price of $1.94 for…
Sky Price Prediction – SKY Price Estimated to Decline to $ 0.042476 By Jan 17, 2026
Key Takeaways Short-term Decline Expected: The price of SKY is currently predicted to decrease by 23.14% within the…
Pepe Coin Price Prediction – Anticipated Drop to $ 0.000005 by Mid-January 2026
Key Takeaways: Pepe Coin is currently valued at $0.000006, with an expected decline to $0.000005 by January 15,…
Dogecoin Price Analysis: Why $0.14 May Be a Barrier Difficult to Overcome
Key Takeaways Dogecoin has faced a significant challenge as a strong resistance has emerged at the $0.14 level,…
Alibaba Backed Latin America Stablecoin Company, Why VelaFi?
AI Crypto Trading in 2026: How AI Agents Use Stablecoins for Capital Management and Settlement
Learn how AI agents use stablecoins for crypto trading in 2026 — managing capital, settling transactions, and operating across exchanges and DeFi protocols.
Key Market Information Discrepancy on January 14th – A Must-See! | Alpha Early Report
Key Takeaways Bitcoin reached a new milestone, hitting $96,000, while Ethereum surpassed $3,300. Privacy coins such as ORDI…
Tether Freezes $182 Million in Assets in a Day: Is USDT Still a Neutral Coin?
Key Takeaways Tether recently froze $182 million in USDT across five wallets on the Tron blockchain, raising questions…
Analyst: MSTR is the “Mullet” of this Bitcoin Bull Cycle, Acting as a Bitcoin Pressure Relief
MSTR absorbed significant volatility in this Bitcoin cycle, easing potential pressure on Bitcoin itself. Michael Saylor’s strategic issuance…
The New Era in Bitcoin Core Development: The Rise of Core Maintainer TheCharlatan
Key Takeaways Integration of a New Maintainer: For the first time in three years, a new Bitcoin Core…
App