The BTC USD 15% slide from all-time highs above $125,000 has traders questioning whether the cycle remains intact. According to trader Roman, losing the $98K–$100K support zone would “officially confirm the bull run being over.”

“Definitely looks ugly as we’ve lost our uptrend and $112K support,” – Roman

He added that top cryptocurrencies are “still showing lots of exhaustion,” pointing to low trading volume at the highs and a bearish divergence on the Relative Strength Index (RSI). Should you be worried about REKTember or keep buying at these levels?

BTC USD Showing Signs of Exhaustion? Hope or Head Fake Heading Into September?

Not everyone agrees with the bearish read. Fellow trader ZYN highlighted a bullish divergence on weekly RSI, calling it structural rather than speculative:

“If this level holds, a new ATH in the next 4–6 weeks is on the table,” ZYN said.

(Source – Bitcoin Dominance, CoinGlass)

Meanwhile, Michaël van de Poppe sees $102K—$104K as the best accumulation zone, describing it as a high-conviction entry even if short-term trends remain weak.

CoinGecko data reveals Bitcoin Bitcoin 1.41% Bitcoin Bitcoin BTC Price $64,304.94 1.41% /24h Volume in 24h $15.48B Price 7d Buy with Best Wallet is down -6.5% in August, still stronger than the same month in the previous four years.

Historically, September has been the weakest month for BTC, averaging –3.7% returns since 2013. By contrast, October, nicknamed “Uptober,” has averaged +21% gains, with only two negative prints in over a decade.

(X)

However, according to TradingView, BTC’s dominance has slipped by more than 5% in the last month, as Ethereum rallied 17% while Bitcoin lost 7%.

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

Whale Activity, Fed Activity, and Treasury Demand: Can They Stabilize BTC USD Price?

Large holders continue to play a decisive role. A single whale swap of 22,400 BTC into ETH rattled markets, though buy-side demand from corporate treasuries and institutional allocators has kept prices above six figures.

Meanwhile, the Fed is also shaping up to cut rates for the first time of the year, adding much needed liquidity into the crypto markets.

According to market research, notional open interest in BTC perpetual futures has surged to a two-year high of 310,000 BTC ($34B) — a 41,600 BTC increase in two months. Funding rates spiking from 3% to nearly 11% highlight aggressive long positioning, echoing setups from 2023 and 2024 that ended in liquidation cascades.

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025

High APY Alternative to Hold BTC Right Now? Bitcoin Hyper Presale Surges as Layer-2 Adoption Grows

If we are looking to dip in September, Bitcoin Hyper is pitching itself as a great coin to buy ASAP. HYPER is a high-speed Layer-2 for Bitcoin with equally high APY to withstand bear markets. Users can lock BTC, mint a wrapped version on Hyper, and transact through a Solana-powered engine before settlements return to the main chain.

The HYPER token presale has already raised $13.2M, with over 584 million tokens staked at yields near 90% APY. At just $0.012835 per token, 99Bitcoins analysts believe that Bitcoin Hyper could outgrow Stacks or Lightning, cementing itself as Bitcoin’s most ambitious scaling play.

No launch date is on the calendar for Bitcoin Hyper’s Layer-2, but accelerating inflows hint at an earlier rollout.

The $12M already banked provides the resources to finalize the product, and a Q3 mainnet debut could align with a pivotal stretch for Bitcoin in Q4. The HYPER crowd is live on Telegram and X for updates and chaos.

Visit Bitcoin Hyper Here

EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

Key Takeaways

  • The BTC USD 15% slide from all-time highs. According to crypto trader Roman, losing the $98K–$100K will mean the 2025 crypto bull run is over.
  • High fees and slow confirmations have long plagued the BTC network. Bitcoin Hyper, a new Layer 2 project currently in presale, aims to fix that

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Isaiah Mccall
Isaiah Mccall
99BTC Japan Correspondent

Isaiah McCall is an ultramarathon runner and Japan Correspondent for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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