Bitcoin Declines Amid Investor Fear; Ethereum, Dogecoin, XRP, and SOL Also Drop: Analyst Anticipates Further Declines but Foresees a Bullish September

Market Decline: Leading cryptocurrencies experienced significant drops, with Bitcoin falling below $113,000 and Ethereum dropping nearly 14% from recent highs, as "Fear" sentiment dominated the market.

Institutional Selling Pressure: Bitcoin spot exchange-traded funds saw outflows increase to $523.31 million, indicating heightened selling pressure from institutions, while over $456 million in long positions were liquidated in the last 24 hours.

Tech Sector Impact: Major tech stocks like Nvidia and AMD also faced declines, contributing to a broader market downturn, with the S&P 500 and Nasdaq Composite both closing lower.

Future Predictions: Analysts suggest that Bitcoin's current pullback may last another 2–4 weeks, with potential recovery expected around Day 510 post-halving, while cautioning about possible further declines below key price levels.