Bitcoin has seen a bit of drama today. After bouncing near $114K, BTC dipped below that level to hover around $113,000‑$113,600 as macro fears and ETF outflows hit sentiment.
What’s Going On With Bitcoin Today
The drama kicked off after the Federal Reserve held interest rates steady, triggering risk-off vibes across markets. Crypto felt it too—BTC slid about 0.5% on Coinbase, landing near $113,400, while altcoins took even bigger hits.
Coinpedia reports that long-term holders are locking in profits, with over 70,000 BTC sold at a loss by short-term traders, amplifying the correction. Analysts are watching the $112K–$108K range closely—this is where BTC needs to hold or risk a deeper retracement. A slide toward $103K could be next if support breaks.
Still, the situation isn’t dire. Historical patterns show Bitcoin often retreats before rallying again. Macro uncertainty is acting as a short-term drag, but long-term narratives like ETF momentum and institutional interest remain intact.
TL;DR: BTC’s feeling weak today below $114K, but the real question is whether $112K holds. If it does, we could bounce. If it doesn’t—greater volatility ahead.
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