From mid-July to early August 2025, the trading pair of Bitcoin (BTC) against the US dollar stablecoin (USDT) showed significant fluctuations. Starting from July 14, the BTC price exhibited a rise, reaching a peak of $123,218 around August 2. However, this upward momentum did not last long.

In the following two days, the market experienced a significant correction. By the evening of August 4th, the price of BTC had dropped to 113,928.41 USD, with a decline of up to 8.66%, resulting in a loss of approximately 10,781.27 USD. This fluctuation lasted for 21 and a half days, during which the trading volume reached 342,720.

From a technical analysis perspective, the MACD indicator initially shows a bullish dominance, but then shifts to a bearish control, reflecting a rapid change in market sentiment. This sharp price fluctuation highlights the high uncertainty in the cryptocurrency market.

It is worth noting that the cryptocurrency market is affected by various factors, including but not limited to macroeconomic conditions, changes in regulatory policies, technological advancements, and the psychological expectations of market participants. Therefore, investors need to stay clear-headed and conduct thorough risk assessment and management when participating in trading such high-risk assets.

For investors who are confused or have suffered losses in this wave of market fluctuations, it is advisable to delve into market knowledge, enhance risk awareness, and seek professional advice when necessary. In the rapidly changing cryptocurrency market, maintaining rationality and patience is often the key to success.