Bitcoin fell under $109,000 on August 26, marking a 2% drop in the last 24 hours. This is its lowest level in several weeks, following a wider pullback across major cryptocurrencies. The recent weakness has led to increased signs of concern from smaller investors.
Santiment reports that retail traders have been pulling funds at a faster rate. “A large number of retail traders often react emotionally,” the platform noted, pointing to behavior that mirrors past sell-offs. This group is now driving much of the movement, reducing exposure just weeks after Bitcoin set a new all-time high.
Bitcoin ETFs have now seen six consecutive days of net outflows. That matches a pattern last seen in early April during trade-related uncertainty. What stands out in the current streak is the source of the outflows. Analysts suggest it is mostly retail-driven, not led by large institutions.
Historically, sharp retail outflows have often come near local bottoms. This happened in April as well, when heavy withdrawals were followed by a price rebound. For now, though, the decline in momentum points to more short-term downside unless buying interest returns quickly.
Market Sell Pressure Nears 2021 Peak Levels
New data shows the Taker Buy Sell Ratio has dropped to its lowest point since November 2021. This ratio compares market buy orders to sell orders. A drop below 1 shows more selling than buying. The current trend signals a strong tilt toward selling pressure.
Source: CryptoQuant
Analyst G a a h observed,
“Bitcoin’s Taker Buy Sell Ratio… reached its lowest value since November 2021.”
That period marked Bitcoin’s former peak at $69,000, before the long correction that followed. Despite Bitcoin breaking new highs recently, this shift in sentiment suggests that many traders are choosing to lock in gains or limit risk.
$105K Becomes Key Level to Watch
CryptoQuant’s latest research puts the $105,000 zone at the center of current market focus. Selling continues but is slowing near this area. If price holds above that level, a base for recovery could form. If not, more losses may follow.
Bitcoin Vector, a market tracking platform, flagged a recent shift in its trend model. According to their system, the broader structure still shows strength.
However, fading momentum introduces the risk of further weakness. Whether Bitcoin can recover or break lower may depend on how price behaves near $105,000 over the coming days.
