Share this article
Bitcoin’s Momentum Is Losing Steam as Seasonal Headwinds Loom, 10x Research Says
BTC could break down to potential support levels at $112,000 and lower during a likely consolidation phase, the report said.
Updated Aug 1, 2025, 2:49 p.m. Published Jul 31, 2025, 8:30 p.m.
What to know:
- Bitcoin is stalling below $120,000, and could break down amid weak seasonal trends and fading inflows, 10x Reseach said in a report.
- August has been historically the asset's weakest month over the past decade, with most years delivering 5-20% losses.
- On-chain capital flow into the network is losing momentum.
Bitcoin has been trading in an excruciatingly tight range just below $120,000, but the rally is quickly losing momentum as the market enters what has historically been a soft month for the crypto, a report from 10x Research warned.
August has been bitcoin's weakest month over the past decade, with only three positive years and others delivering 5–20% losses, the report noted.
STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa Crypto Daybook Americas Newsletter ngayon. Tingnan lahat ng newsletter
The report also flagged a slowdown in capital flows into the Bitcoin network, a key driver of price action this year. Total cumulative inflows into the network now exceed $1 trillion, with $206 billion arriving in 2025.
But the 30‑day rolling average slipped from $62.4 billion to $59.3 billion, that could mark the start of a consolidation phase, the report said, mirroring past peaks in this metric like in Q1 and Q4 2024.
“Time is running short, and despite billions in capital inflows from corporate treasuries, the actual price impact has been surprisingly muted,” wrote Markus Thielen, co-founder and lead analyst at 10x. “This raises the possibility that even with continued support, the market may fall short of delivering the kind of upside many are hoping for.”
The report forecasts a likely break below $117,000, with support at $112,000 and a deeper floor around the $106,000–$110,000 threshold.
Still, BTC bulls may cling to the hope that the outlier August gains happened in 2013, 2017 and 2021, during Bitcoin's post-halving years coinciding with roaring bull markets.
And 2025 might be a year just like those.
Read more: BTC Faces Golden Fibonacci Hurdle at $122K, XRP Holds Support at $3
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Bitcoin slides to $86,000 as slower rate cut risk, AI stock woes shake markets
Crypto-related stocks suffered far deeper declines as bitcoin slumped well below its recent trading range.
Ano ang dapat malaman:
- Bitcoin and major altcoins fell further throughout U.S. trading hours as macro uncertainty continued to pressure risk assets.
- Many crypto-related stocks, including leaders Coinbase and Strategy, posted deeper slumps than crypto itself.
- Wintermute's Jasper De Maere suggested the decline is and should remain orderly.
Top Stories
