最新报道：According to BiyaPay analysts on August 1st, the crypto market saw a correction at the start of August. The BTC/USDT pair is currently trading at $115,547.97, down 2.4% over the past 24 hours. In the short term, it will continue to fluctuate between $114,000 and $118,000. The moving averages are converging, and the market is facing a directional shift. Notably, last weekend, large investors dumped over 80,000 BTC (approximately $9.6 billion) through Galaxy Digital's over-the-counter (OTC) trading platform, exerting significant selling pressure on the market. Despite this, BTC quickly stabilized around $119,000, demonstrating the market's strong liquidity. BiyaPay analyst's view: BTC is currently still in the range of volatility since the end of June, with $115,000 as the key support level; the upper resistance is in the $118,200-120,000 range, and a breakthrough is expected to hit the previous high; if it falls below $114,000, it may test the support range of $111,000-112,500; from the chain perspective, 97% of the circulating BTC is profitable, with unrealized profits reaching $1.4 trillion, and potential profit-taking pressure remains; long-term holders still control 53% of the supply. If there is further large-scale selling pressure, new funds will be needed to take over; the market structure is stable, and the short-term trend may be driven by macro sentiment (such as tariff policies and fluctuations in US stocks). Investors are advised to pay close attention to breakthrough signals. BiyaPay analysts stated that through BiyaPay, users can use USDT to trade mainstream currencies such as BTC, ETH, and US and Hong Kong stock assets in real time without opening an offshore account, allowing them to easily participate in new global market opportunities.