Bitcoin settled at $114K on 7 August 2025. The sole other issues that have plagued the crypto space are mostly the 21.6% duty on imports from Southeast Asia Bitcoin miners. This has the potential to affect the mining activity and consequently the general market sentiment.
Bitcoin Price Trends
Bitcoin shrugged off last week’s correction convincingly and dropped 4.26%. Historically, this type of correction follows a re-accumulation phase. BTC recorded higher lows since Q2 and has established a structural base at $77K before the surge to $109K, then later to all-time highs, at $123K.
Bitcoin is trading in the probable third base configuration of $110K to $119K. There is a liquid cluster at $114.5K with approximately $24 million short-side liquidity which is probably going to provide some support there.
Impact of Tariffs on Mining Operation
The new US duty on Bitcoin mining equipment in the shape of a 19% retaliatory tariff and a 2.6% base tariff is giving the miners a headache. The action is targeted at equipment from countries such as Indonesia, Malaysia, and Thailand. Small miners are hit the hardest as they may not be able to afford higher prices.
Ethan Vera, the COO of Luxor Technology, said that the local demand is weakening and added that most firms would think about migrating to where the import cost as well as energy is relatively cheap, and that is Russia and Canada.
Buy-Side Pressure with Market Sentiment
Even though the price of Bitcoin is stable, the sentiment is bearish. Weak demand on the buy-side is also reflected in the 10% bid-ask on Binance, where sellers are in control at the moment. The -0.208 bid-ask ratio is better than the 24hr average of -0.27 and reflects weak buyer commitment.
Also, Bitcoin weekly volume is lower than during previous base-building periods. Red bars have accumulated, and green bars are below their previous highs. This is a sign that upside momentum is not in effect.
Bitcoin’s equilibrium at $114K is burdened with terrific duress in terms of tariffs on mining equipment and suppressed desire to buy. When the miners re-tact and market sentiment is re-aligned, investors need to stay current regarding what is unfolding. The balance of these forces can dictate the destiny of Bitcoin and the entire cryptocurrency landscape.
