Cryptocurrency analysis firm CryptoQuant has published a noteworthy assessment of the recent decline in the price of Bitcoin (BTC). According to the company's data, the price of BTC fell by 4% in a short period of time, from $118,920 to below $114,000. This move occurred immediately after US President Donald Trump announced new tariffs. During the drop, over $195 million worth of long positions in futures were liquidated. At the same time, a total of 21,400 BTC belonging to short-term investors were transferred to exchanges at a loss. CryptoQuant noted that this behavior has been observed in similar price drops before. For example: July 15, 2025: 50,134 BTC moved to exchanges July 25, 2025: 39,105 BTC sent to exchanges This move has brought Bitcoin to the edge of a critical on-chain support cluster, according to the firm's analysis. CryptoQuant noted that this level is defined as a “gap” below which there is weak liquidity and weak support. According to the analysis firm, the critical areas to watch for the BTC price are as follows: Onchain support: $111,600 Technical support (previous ATH): $112,000 Traders' Realized Price: $105,500 *This is not investment advice.