Cryptocurrency analysis firm CryptoQuant has published a striking analysis following the Bitcoin price drop from $118,000 to $115,000. According to the analysis, the price of Bitcoin suddenly jumped from $112,000 to $115,800 on July 10, 2025. However, it was claimed that this rise lacked robust technical and on-chain data. CryptoQuant analysts note that no support levels have emerged due to the price's rapid rise between these levels. According to onchain data, there is no significant trading volume or strong demand signals in the $112,000 to $115,800 range. Technically, there is no solid ground to hold the price at this time, as there has been no prior consolidation or resistance in this region. While this wasn't a problem during the rally, it became a significant risk factor as the price turned lower. According to the analysis, Bitcoin is currently sitting at its last known support level, supported by on-chain data, “like a shelf with nothing underneath.” If this last support level is broken, the price is expected to move downward at the same rate. As long as the support level holds, there is no problem, but investors are advised to exercise caution, set stop-loss orders, and closely monitor price movements. Below this level, technically, it is considered a “gap,” and there are no structures in place to slow the decline. *This is not investment advice.