Bitcoin’s $112K Support Under Fire – Bull Run Pause or Market Top?

Bitcoin has returned to the key $112K support level , which now faces intense pressure that could either spark a continuation of the bull run or signal a local peak. Currently, Bitcoin is trading at $112,893, with a 1.38% daily gain. However, trading volume remains moderate at $64 billion, lower than the $300–500 billion volume levels witnessed during peak market ￰0￱ Key Levels: $92K, $112K, $117K Decide Bitcoin’s Fate Burak Kesmeci, an analyst at CryptoQuant , confirmed that Bitcoin is now operating within a key $109K–$112K ￰1￱ to Kesmeci, a weekly close above this zone could reinforce the upward trend, while a close below may trigger an accelerated ￰2￱ vs Bears?

Bitcoin’s critical pivot zone at 109K – 112K “The 109K – 112K range is a critical pivot zone in the short term. A weekly close above this region could strengthen the trend, while closing below it may accelerate the correction.” – By @burak_kesmeci ￰3￱ — ￰4￱ (@cryptoquant_com) August 28, 2025 The analyst has identified three key price levels deserving ￰5￱ first is $117.3K, representing short-term resistance where underwater investors may look to exit their ￰6￱ second is the current $112K level, serving as a short-term decision point that will determine whether prices advance higher or retreat to the third level, short-term support around $92.4K.

Similarly, on-chain analyst Darkfost noted that BTC Supply in Profit has recently fallen below the 90% threshold, a metric that has frequently indicated the onset of corrective phases. “Bull markets typically coincide with more than 90% of supply showing ￰7￱ have now reached this critical 90% threshold,” Darkfost explained. Additionally, heavy selling pressure from whales and institutions through ETFs has weakened bullish ￰8￱ data reveals that ￰9￱ Bitcoin ETFs recorded only $81.25 million in net inflows on August 27, a stark contrast to Ethereum ETFs , which attracted $309.48 million during the same time frame. 0.5% Loss Metric Proves Bull Run Still Intact Glassnode data shows that the Relative Unrealized Loss for Bitcoin investors remains at just 0.5%, well below the >30% levels characteristic of bear market extremes.) August 27, 2025 The previous occurrence of this condition was at the $74K bottom in April, after which Bitcoin surged over 50%.

Many analysts now view the current situation as a retest phase before the next leg of the bull run ￰10￱ this thesis, corporate treasuries and companies are accumulating Bitcoin at a rate four times the mining rate, adding approximately 1,755 BTC daily, while only 450 BTC enter circulation through mining.), aligning with the projected trajectory. However, failure to maintain levels above $113,000 would increase the probability of retesting the $109,000 buyer zone.