Bitcoin fall belleh $116K as Metaplanet buy 775 BTC
Bitcoin don drop below $116,000 as USA inflation palava wan show face again plus Fed matter dey make people dey confuse. The cryptocurrency dey hover near $115,300, e dey test beta support around $115,000. Analysts dey warn say if e break, e fit carry Bitcoin go $112,500, but if e hold that level, e fit bounce back come reach $120,000 and more. Short-term holders data show say selling no too high, the Net Unrealized Profit/Loss ratio dey 0.07, way below the 0.25 level.
Metaplanet Inc. wey dey Tokyo buy 775 BTC at around $122,000 per coin, dem increase dem treasury to 18,888 BTC. The company Bitcoin yield jump 129.4% from April to June 2025 and 29.3% from July to mid-August. This buying by big people show say them dey more sure say Bitcoin good to protect money against inflation and currency wahala.
Traders see the drop as chance to buy or as sign say e fit drop more. If dem fit get back $117,261 quick, e fit speed up the next rally go $127,000, but resistance near $144,000 na the very peak of excitement. With companies and ETF money dey come in, many people think say this drop na chance to gather more strategically.
Bullish
Dis news na fresh yawa for market. Metaplanet dem dey rush buy Bitcoin when e dey under $122K show say big big company dem believe the market well well, just like MicroStrategy dem wey dey continue dey buy and na im dey help keep price steady before. When e drop under $116K because of Fed wahala na like di kain back laff wey happen for 2021 middle after which price go rise proper if support hold. Bitcoin dey hold firm for $115K support, companies dey use treasury plus ETF money dey flow in, traders fit see dis small fall as proper chance to buy. For short time price fit try $112,500 but long term e get chance to climb higher reach $127,000 and pass am.