Bitcoin (BTC) slipped below $116,000 in Monday’s trading, marking a sharp reversal from last week’s record high above $124,000. The decline follows renewed inflation concerns in the U.S. and uncertainty around Federal Reserve policy, which has dampened risk appetite across global markets.
At the time of writing, BTC hovers near $115,300, maintaining a fragile grip on support around $115,000. Analysts warn that a breakdown could push prices toward $112,500, but holding this level may pave the way for a recovery toward $120,000 and beyond.
Short-term holder data suggests that selling pressure remains limited. The Net Unrealized Profit/Loss ratio sits at just 0.07, well below the 0.25 saturation threshold that historically signals profit-taking and potential corrections.
Metaplanet Expands Bitcoin Treasury
While markets remain cautious, Tokyo-based Metaplanet Inc. has doubled down on its Bitcoin strategy. The firm announced the purchase of 775 BTC at an average price of ¥17,720,023 per coin (about $122,000), bringing its total holdings to 18,888 BTC.
Metaplanet’s aggressive accumulation shows growing institutional conviction in Bitcoin as a treasury asset. Despite short-term volatility, the company has posted impressive Bitcoin yield metrics, including a 129.4% gain from April to June 2025 and 29.3% gains from July through mid-August.
Such moves reflect how corporate players continue to use dips as entry points, reinforcing the narrative of Bitcoin as a long-term hedge against inflation and currency depreciation.
Buying Opportunity or Warning Sign?
Market watchers remain split on whether this correction is a setup for the next leg higher or a warning of deeper downside.
If Bitcoin can reclaim $117,261 as support, momentum could accelerate toward $127,000, the first major resistance flagged by on-chain cost basis models. Beyond that, the +2σ band around $144,000 represents the zone where euphoria typically peaks before corrections emerge.
For now, Bitcoin’s fate rests on holding $115,000 support. With institutional buying, ETF inflows, and corporate treasury adoption showing resilience, many see the current pullback less as a peak and more as an opportunity for strategic accumulation.
Cover image from ChatGPT, BTCUSD chart from Tradingview
