The global financial market has recently experienced turbulence, and the Crypto Assets sector has not been spared. After a brief rise, the price of Bitcoin has undergone a pullback and has currently fallen below the $115,000 mark.

According to market data, Bitcoin's current trading price hovers around $115,427, with a 24-hour fall of 2.5%, and the intraday low touching $114,980. Other mainstream crypto assets are also generally showing a downward trend, with Ethereum falling 4.5% to $3,685, and Ripple and Solana dropping 4.8% and 5.6%, respectively.

The derivatives market has also been impacted, with over $630 million in liquidations in the past day, particularly severe losses for long positions, accounting for about 90% of the total liquidation amount. Nearly 160,000 traders have been forced to close their positions as a result.

Analysts point out that this wave of pullback may be related to the recent large-scale profit-taking by investors. Reports indicate that in late July alone, the amount cashed out by Bitcoin investors reached as high as 6 to 8 billion USD. This is seen as the third significant wave of profit-taking during the bull market cycle from 2023 to 2025.

Market observers believe that the current price pullback reflects the high volatility of the Crypto Assets market. Investors need to remain vigilant and closely monitor changes in the global economic situation and regulatory environment. Although there may be pressure in the short term, in the long run, mainstream Crypto Assets like Bitcoin still possess certain investment value and development potential.