Bitcoin, the world’s largest cryptocurrency, saw a sharp rebound back to near $115,000 during early morning on Monday, after trading below $113,000 over the weekend. This signals that traders are re-entring into the market to buy the dip from its all-time high (ATH).
In July 2025, Bitcoin reached its ATH, trading around $123,000 following a highly optimistic market sentiment and ever-increasing institutional adoption. But last week, the coin saw a profit-taking wave, pulling back Bitcoin price to $112,000, which appears to see support in that zone as the market saw a gain of 1.5% from this level.
At the time of writing, Bitcoin is trading around $114,230–as per CoinMarketCap data.
“The recent market dip appears to have been triggered by a broader risk-off sentiment following the disappointing July U.S. nonfarm payrolls report,” said Presto Research Analyst Min Jung. The report by the Bureau of Labour Statistics shows that just 73,000 jobs were added in the U.S. in July, which is far lower than the expected 104,000 jobs.
Also, data on SosoValue shows that the Bitcoin spot ETF saw a weekly outflow of $643 million, breaking the inflow streak after seven consecutive weeks.
Traders Remain Optimistic
BitBull, a well-known crypto analyst on X, said in his post on Saturday that, “$BTC bounced back perfectly from the EMA 50 level. This has been a strong support for BTC, and reclaim shows that bulls are still in control.”
However, he added that if BTC breaks below the EMA 50 on the daily timeframe, we would see a perfect bottom around $110K to $112K, setting the stage for the next bullish leg. This analysis points that the sell-off is majorly price retracement to prepare Bitcoin for its next bullish move, as seen in previous price actions.
In its Weekly insight, CryptoQuant also said that, “Following each wave of profit-taking, the market typically enters a period of price consolidation or moderate correction, lasting between two to four months.”
Bitcoin Demand Stays Still
Despite the dip, firms like Metaplanet still remain positive with it adding 463 Bitcoin to its $1.79 billion of existing holdings. Moreover, market experts are also closely watching Michael Saylor’s Strategy, which usually announces new Bitcoin acquisitions on Monday.
Also Read: Cardano Community Approves $71M Grant for IOE Upgrades
