Key takeaways:
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Bitcoin value is down 11% from its all-time excessive, dropping to $111,000 on Monday.
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$108,000 is a short-term goal for the bears, with some BTC analysts predicting a drop to $95,000.
Bitcoin (BTC) sellers emerged once more on Monday because the drop to $111,000 resulted in a big liquidation of leveraged lengthy positions throughout the cryptocurrency market.
Bitcoin tumbles beneath $112,000, wiping out longs
Bitcoin value fell as little as $111,300 on Monday, reversing Friday’s spike fueled by Fed Chair Jerome Powell’s dovish speech, as a whale offered into the rally.
This prolonged the drop from the Aug. 14 all-time excessive of $124,500 to 11% and was accompanied by huge liquidations throughout the derivatives market.
Associated: Bitcoin OG whales responsible for BTC’s painful rise: Willy Woo
Over $642.4 million in lengthy positions have been liquidated, with Bitcoin accounting for $235.5 million. Ether (ETH) adopted with $155 million in lengthy liquidations.
Throughout the board, a complete of $806.95 million was worn out of the market briefly and lengthy positions, as proven within the determine beneath.
The Bitcoin liquidation heatmap confirmed purchase orders within the $110,500-$109,700 vary within the weekly timeframe. Extra bid orders have been constructing all the way down to $108,000 as proven within the chart beneath.
This means that Bitcoin’s value may drop additional to brush the liquidity inside this vary earlier than a restoration.
How low can Bitcoin value go?
BTC swept lows beneath $112,000, leaving merchants questioning how low the value may go.
“Bitcoin remains to be murdering leveraged merchants across the vary lows, and from the appears of it, the sharks are nonetheless hungry,” mentioned dealer Jelle in a Monday submit on X.
In keeping with Jelle, Bitcoin was required to carry above the month-to-month open at $111,900 to keep away from a deeper correction towards $100,000.
“Would actually choose value holds on this space, or we’ll fall again into the earlier vary which might open us as much as one other retest of $100K.”
Fellow analyst Captain Faibik mentioned the help round $111,800 was “getting weak,” and if damaged, may set off a contemporary downward leg towards the $107,000 and $108,000 zone.
$BTC Bulls are Nonetheless Defending the Key Assist (111.8k)
As Assist getting Weak, I feel Bitcoin is prone to drop towards the 107K–108K zone quickly 🔜#Crypto #Bitcoin #BTCUSD pic.twitter.com/ZcaG5RhrXE
— Captain Faibik 🐺 (@CryptoFaibik) August 25, 2025
A number of crypto business individuals stay optimistic for larger costs despite the drawdown. Analyst Gert van Lagen mentioned on Monday that Bitcoin’s parabola remained intact, focusing on $350,000, however warned that an invalidation of the construction may see the value drop towards 95,000.
For MN Capital founder Michael van de Poppe, Bitcoin’s dip beneath $112,000 provides a “nice entry” alternative for merchants earlier than making a much bigger transfer again up.
In the meantime, analyst BitQuant mentioned final week that his cycle high goal of $145,000 for Bitcoin was nonetheless in play for 2025.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a call.
