Recently, the Bitcoin market has experienced a pullback, with prices falling to around $117,500. However, this pullback trend may only be a short-term phenomenon. Market analysis indicates that the current adjustment magnitude and duration are both less than those of the previous two bull run peaks, suggesting that this pullback may be relatively mild and not last too long.

In terms of technical indicators, the narrowing of the Bollinger Bands and the contraction of the RSI suggest that Bitcoin may soon face a breakout行情. The Cumulative Days Destroyed (CVD) indicator further provides an optimistic expectation that the next price peak may approach $149,700.

However, investors also need to remain vigilant. The exchange's Bitcoin reserves have reached a nearly one-month high, which may indicate that some holders are willing to sell, potentially putting pressure on the market.

Meanwhile, the SUI ecosystem has also attracted market attention. Although its price has shown a weak trend recently, its trading volume has been impressive. In July, the trading volume of SUI reached 44.59 billion USD, surpassing the total of AVAX, NEAR, and HYPE. DeFi protocols within the SUI ecosystem that support Bitcoin trading, such as BTCfi, have provided liquidity and perpetual contracts on DeepBook, driving its total locked value (TVL) to grow by 480% since January this year, reaching 2.295 billion USD.

Nonetheless, the SUI ecosystem still faces the challenge of capital outflow. Investors need to closely monitor its future development trends and assess its long-term growth potential.

Overall, although the market may experience fluctuations in the short term, the long-term growth prospects for Bitcoin remain promising. While investors seize opportunities, they should also pay attention to risk management and proper asset allocation.