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Eric Trump Tweets ‘Buy the Dip’ as Bitcoin Slides to $113K — But Is This the Bottom?

Eric Trump Tweets ‘Buy the Dip’ as Bitcoin Slides to $113K — But Is This the Bottom?

KriptoworldKriptoworld2025/07/31 16:00
By:by kriptoworld

The crypto market plunged over 5% in 24 hours, with Bitcoin slipping to a multi-week low of $113,164 and the total market cap falling to $3.7 trillion.

As prices decline, Eric Trump returns with another bullish tweet — and history suggests it might mean more volatility ahead.

Market Dips Hard — Altcoins Hit the Floor

Bitcoin is holding just above $113,000, down 1.5% on the day, while altcoins like Ethereum, XRP, Cardano, and Solana have each dropped between 2% and 4%.

The slide follows a combination of weak U.S. job data, increased macro uncertainty, and $115 million in net outflows from Bitcoin ETFs on Thursday — breaking a five-day inflow streak.

On August 1 alone, ETFs saw $812 million in outflows, underlining a sharp shift in investor sentiment.

Eric Trump Tweets — and the Market Reacts (Again)

Right as the market tumbled, Eric Trump tweeted: “₿uy the dips!!! $BTC $ETH.”

This isn’t the first time his tweet has stirred conversation — many in the crypto community believe his “dip calls” often precede further sell-offs before a recovery kicks in.

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Analysts Expect Rebound After Short-Term Pain

Investor Ted Pillows believes the current correction could bottom out by Monday, with a recovery rally likely after that.

Analyst Michaël van de Poppe shares a similar outlook, saying August is likely to be a consolidation phase ahead of a bullish breakout in Q4.

There we go, we start correcting with the markets, which means that it's time to accumulate your next positions for the next run.

Perhaps August is a month of stabilization and we'll go back up later in the month for #Altcoins and #Bitcoin . pic.twitter.com/DMuPhkYeSS

— Michaël van de Poppe (@CryptoMichNL) August 1, 2025

Van de Poppe argues Bitcoin is entering a prime accumulation zone and is unlikely to drop below $108,000.

He identifies $114,700 and $116,800 as key resistance levels — once breached, they could fuel a strong rally into September.

📉 Bitcoin – Key Support & Resistance Levels

  • 🟢 Support: $113,000 • $111,200 • $108,000
  • 🔴 Resistance: $114,700 • $116,800 • $120,000

Bitcoin is currently trading near $113,750. A drop below $113K could test deeper support at $111K or even $108K. Breaking above $116,800 could signal renewed bullish momentum into Q3–Q4.

Short-Term Holders Are Selling

According to on-chain data from Glassnode , over 90% of Bitcoin supply has remained in profit for over a month — a sign of a strong cycle. But it also means more traders are likely to take profits.

glassnode

In the past 24 hours, 85.5% of Bitcoin spent volume came from short-term holders.

That suggests the current sell-off is driven by newer investors, not long-term holders — a typical pattern in mid-cycle corrections.

Is This the End of the Bull Run?

Not necessarily. Historically, August has been a weak month for crypto markets, and analysts don’t see this drop as a trend reversal.

If market structure holds, most expect the next leg up to begin between late August and October.

Eric Trump’s timing may look off — but his message might still prove right.

Frequently Asked Questions (FAQ)

Why did Bitcoin drop to $113K?

The drop followed weak U.S. jobs data, rising geopolitical tensions, and $115 million in net ETF outflows. Short-term holders also contributed to selling pressure.

What does Eric Trump’s “Buy the dip” tweet mean?

Eric Trump’s tweet is seen as a bullish signal, though some traders joke it coincides with short-term dips. His message implies confidence in long-term crypto gains.

Will Bitcoin rebound soon?

Analysts expect Bitcoin to consolidate in August and possibly rebound by late August or September, especially if resistance at $116K is broken.

Eric Trump Tweets ‘Buy the Dip’ as Bitcoin Slides to $113K — But Is This the Bottom? image 0 Eric Trump Tweets ‘Buy the Dip’ as Bitcoin Slides to $113K — But Is This the Bottom? image 1
Written by András Mészáros
Cryptocurrency and Web3 expert, founder of Kriptoworld
More articles

With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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