Bitcoin fell 1.4% to $112,828 on August 22, down 9.3% from the historical high of $124,128 on August 14, with a monthly decline widening to 6%. On-chain data shows that retail investor demand decreased by 5.7% over the week, but whales have accumulated over 16,000 BTC in the past 7 days. Technical indicators suggest that short-term holders have fallen into losses, and the market may be in the early stages of a reset, with the $112,000 support level becoming a focal point for bulls and bears.