- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Analysis: BTC May Undergo Chip Redistribution in the $112K-$117K Range, Breaking Above $117K to Test New High
BlockBeats News, August 8th. On-chain data analyst Murphy released a market analysis, stating that BTC's breakthrough above $117,000 yesterday was largely influenced by the favorable event of "Trump signing an executive order to include cryptocurrency in the 104K," but it was only a short-term emotional stimulus and has not yet substantially brought in massive funds. The active index of short-term investors is continuously declining after reaching a peak in July, and there is no clear sign of a turning point upwards (forming a higher high). The panic low points seen during recent price corrections are also not as severe as those in December 24 and February 25, indicating that up to this point in the current market cycle, investor sentiment is generally more neutral, leaning neither towards extreme panic nor excessive optimism.
According to URPD data, BTC is once again challenging a key resistance level, with $117,000 being the highest candle in the current entire chip structure, representing the most intense battleground for bulls and bears. After the double-anchor chip distribution found support at $112,000, it is likely to complete chip redistribution between $112,000 and $117,000 and gradually form a new accumulation zone, which is also a process of emotional transition. If BTC can reclaim $117,000, the next target will be a new high. This analysis is for learning and communication purposes only and should not be considered as investment advice.
You may also like
OpenClaw and AI Bots: From AI Trading to BTC Liquidations in the Crypto Gold Rush
AI crypto trading bots like OpenClaw and AI trading apps are reshaping digital markets. From BTC liquidations to crypto bubble charts, automated trading is expanding alongside free crypto airdrops, affiliate programs, LALIGA partnerships, and tokenized gold markets.
Michael Saylor's advice to young people: read more history and science fiction, and use AI to accelerate personal growth
Morning Report | USDC issuance increased by approximately 1.7 billion in one week; Aave will launch the Aave Shield feature; total circulation of Ethereum is approximately 121.53 million
Circle CEO's latest interview: Stablecoins are not crypto assets
Crypto ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $763 million; the net inflow for Ethereum spot ETFs in the U.S. was $160 million
This Week's Key News Preview | The Federal Reserve Announces New Interest Rate Decision; The U.S. Releases February PPI Data
From Human Strategy to AI Trading Bot: How Shadow Trading AI Won 2nd Place in the WEEX Hackathon
Ivan’s Shadow Trading AI secured second place in the WEEX AI Trading Hackathon, demonstrating how AI trading systems built on real market expertise can perform under live market conditions.
Circle CEO’s Insight: The Future of Stablecoins and Digital Financial Platforms
Key Takeaways: Circle completed a noteworthy IPO in 2025, signifying a major milestone in the crypto space. The…
NVIDIA GTC 2026 Set to Gather Global Tech Enthusiasts
Key Takeaways: NVIDIA GTC 2026 will occur in San Jose from March 16-19, bringing together over 30,000 participants.…
What Competitive Edges Still Remain in the AI era?
Key Takeaways: AI’s ability to write code and automate tasks is reshaping traditional job structures, pushing for new…
Aave’s New Protective Layer: Introducing Aave Shield
Key Takeaways: Aave has introduced the Aave Shield feature, designed to block swaps with a price impact exceeding…
U.S.-Iran Conflict Intensifies Amid Diplomatic Stalemate
Key Takeaways: Middle Eastern efforts to mediate U.S.-Iran tension have been declined by both nations, indicating a readiness…
AI “Brainwashing” Scandal: Spotlight on GEO and Data Poisoning in Large Models
Key Takeaways: The GEO business has emerged, capitalizing on AI manipulation by making products appear as standard answers…
Bitwise CIO: Bitcoin’s Potential to Reach $1 Million if it Captures Gold and Sovereign Debt Market Share
Key Takeaways: Matt Hougan of Bitwise suggests that Bitcoin could reach a $1 million price if it captures…
Argentinian President Milae Accused of $5 Million Scheme with LIBRA Token
Key Takeaways: President Milae is alleged to have facilitated a $5 million scam involving LIBRA tokens. The scheme…
Aave Post-Mortem: Liquidity Shortfall Causes $50 Million Loss
Key Takeaways: On March 12, 2026, a significant token swap on Aave led to a $50.43 million discrepancy…
Bitcoin’s HODL Strategy Faces a 5.96% Unrealized Loss
Key Takeaways: Bitcoin holds a current unrealized loss of 5.96%, translating to an estimated $3.34 billion. Bitcoin has…
Polymarket’s Predictions on Bitcoin’s 2026 Trajectory
Key Takeaways: Polymarket assigns a 40% probability for Bitcoin hitting $100,000 this year, emphasizing market uncertainty. The chances…
OpenClaw and AI Bots: From AI Trading to BTC Liquidations in the Crypto Gold Rush
AI crypto trading bots like OpenClaw and AI trading apps are reshaping digital markets. From BTC liquidations to crypto bubble charts, automated trading is expanding alongside free crypto airdrops, affiliate programs, LALIGA partnerships, and tokenized gold markets.
App