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    Home»Bitcoin»Bitcoin steadies around $119K as lower leverage eases pullback
    Bitcoin

    Bitcoin steadies around $119K as lower leverage eases pullback

    Ethan CarterBy Ethan CarterAugust 15, 2025No Comments2 Mins Read
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    Bitcoin stalls as on-chain data shows profit-taking pressure
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    Bitcoin is holding just below the $119,000 mark, with a calmer leverage backdrop helping to steady the market after recent swings.

    Summary

    • Bitcoin holds near $119K as leverage ratio eases, reducing chances of a sharp correction.
    • ELR remains in the 0.24–0.25 range, signaling healthier market positioning.
    • Key resistance sits at $119,900; a breakout could target $123K, while failure risks a pullback to $114.9K.

    According to an Aug.15 analysis from CryptoQuant contributor Arab Chain, the estimated leverage ratio across major platforms has eased from its early August highs above 0.27, dipping to around 0.25 before seeing a mild uptick. 

    This contrasts with May and late July, when price and leverage increased simultaneously, indicating that traders were placing larger, riskier bets. 

    Bitcoin leverage drop supports market stability

    The recent drop in leverage indicates that traders have been lowering their aggressive positions, even though prices are still high. This unwinding has helped to prevent the rapid, cascading sell-offs that often follow highly leveraged rallies.

    As per Arab Chain’s insights, Bitcoin’s (BTC) current price action seems to be driven by actual liquidity rather than excessive speculation, as the ELR remains stable in the 0.24–0.25 range. The market may have a better basis for future gains if leverage and spot demand are kept in balance.

    Bitcoin technical analysis

    On the 4-hour chart, BTC is hovering just below the midline of its Bollinger Bands, with the upper band, which is near $119,900, acting as a strong resistance. While the relative strength index, at 55, does not suggest either overheated buying or deep selling pressure, the stochastic %K, at 68.7, indicates steady but not extreme momentum.

    Bitcoin 4-hour chart. Credit: crypto.news

    The short- to long-term moving averages, which span from the 10-day EMA at $118,676 to the 200-day SMA close at $100,152, exhibit bullish alignment. A positive Bull Bear Power reading supports the flash buy signals displayed by the momentum and MACD indicators.

    If leverage remains in check, clearing $119,900 could lead to a run toward $123,000. The price may decline toward $117,700 (20-day EMA) or $114,900 (50-day EMA) if there is a rejection at $120,000 and ELR spikes above 0.27.

    119K Bitcoin eases Leverage Pullback steadies
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    Ethan Carter

      Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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