Bitcoin’s price dipped below $113,000 on August 24, marking a notable decline and mirroring the overall bearish sentiment in the cryptocurrency market. This downturn has pushed retail investors to their most pessimistic state since June 2023, as highlighted by the Fear & Greed Index’s fall from 56 to 44, indicating apprehension among traders. Despite this dip, Bitcoin whales are actively accumulating, with wallets holding between 10 and 10,000 BTC demonstrating consistent buying patterns in recent weeks. Meanwhile, institutional investors continue to hold firm, as evidenced by a significant influx of funds into Bitcoin ETFs last week. However, the market remains fragile, with open interest declining and selling pressures persisting despite brief volume surges.