2 min read
Bitcoin (BTC) dropped to $117,764, marking a 3.7% decline from its recent all-time high of $126,000, sparking short-term bearish sentiment across crypto markets. Analysts predict a possible dip toward $118,000–$120,000 before the uptrend resumes, as futures data suggest a healthy market reset.
According to Markets Pro, Bitcoin futures open interest (OI) declined by $4.1 billion a sign of leverage reduction and profit-taking by traders. Analysts, including Stockmoney Lizards and Ted Pillows, expect the correction to end near $118K, followed by renewed bullish momentum.
Market data shows around 190,000 BTC were last purchased near the $117,000 level, indicating strong buying support. Despite volatility, experts like Michael van de Poppe believe Bitcoin is “ready to continue toward new all-time highs.”
This short-term dip is viewed as a “healthy reset” after an overheated market, with traders anticipating renewed demand once key support levels hold firm.
Top 5 Cryptocurrencies by Market Value
| Rank | Cryptocurrency | Price (USD) | 24h Change | Market Cap (USD) |
| 1 | Bitcoin (BTC) | $117,764 | -3.7% | $2.31 Trillion |
| 2 | Ethereum (ETH) | $3,420 | -2.8% | $411 Billion |
| 3 | Tether (USDT) | $1.00 | 0.0% | $116 Billion |
| 4 | BNB (BNB) | $612 | -1.9% | $90 Billion |
| 5 | Solana (SOL) | $178 | -3.2% | $80 Billion |
“This flush should end soon, around $118,000–$119,000, then higher,” said market analyst Stockmoney Lizards, reflecting optimism for Bitcoin’s rebound after a short-term shakeout.
For more information visit Techjuice.
