Bitcoin's price dipped to $114,000 on August 19, 2025, before stabilizing around $115,300. Despite the decline, on-chain data reveals strong accumulation by whales, with a bullish outlook supported by technical analyses above $110,000. Bitcoin recently hit an all-time high of $124,000 on August 14, 2025. CryptoQuant analysts report a significant shift in exchange netflow, with the 30-day moving average of net outflow rising from -1.7K to -3.4K Bitcoin per day, indicating accelerated coin exits from exchanges. Santiment's data shows that key whales and sharks have accumulated 20,061 BTC since the price drop. Technical analysis indicates support at $112,000 and resistance at $120,000, suggesting a positive long-term outlook despite recent volatility.