Crypto Market Slides: Bitcoin Drops Below $110K Amid Massive Liquidations

Published at 2025-08-31 09:02:02

On August 26, 2025, the cryptocurrency market experienced a notable decline with Bitcoin price slipping below the $110,000 mark to $109,700. Ethereum also faced substantial losses, dropping from a recent peak near $4,954 to approximately $4,400. The total market capitalization of cryptocurrencies decreased by $166 billion, settling at $3.73 trillion.

This downturn was accompanied by significant liquidation events. Bitcoin whale activity played a key role, with 24,000 BTC unloaded, triggering $277 million in liquidations. Ethereum traders faced even heavier losses, with $320 million wiped out in leveraged positions within a single day. Overall, nearly $900 million in liquidations occurred across the crypto ecosystem, including $818 million in long liquidations inside 24 hours.

Investor behavior showed signs of profit-taking as $3.3 billion of realized gains were reported, reflecting cautious sentiment amid market volatility. Interestingly, institutional inflows continued to prefer Ethereum as a favored asset despite price declines.

Macro-economic factors remain influential with markets sensitive to the Federal Reserve's decisions. Expectations are building for a potential interest rate cut in September. Upcoming critical US economic data, including GDP figures on August 28 and unemployment statistics due in early September, are closely watched by traders and investors.

Technical chart analysis suggests Bitcoin has a support base at $108,000 with a secondary level at $105,000, while Ethereum's support comes near $4,200 facing resistance at $4,950.

For investors looking to enter or expand their crypto portfolios in these volatile times, platforms like Bitlet.app provide innovative solutions. Bitlet.app offers Crypto Installment service enabling users to buy cryptocurrencies now and pay monthly instead of full upfront payment, making it easier to accumulate digital assets amid market fluctuations.

Stay informed and consider flexible investment strategies with Bitlet.app to navigate the evolving crypto market effectively.

Share on:

Related news

Bitcoin Nears All-Time High with Strong Weekly Gains: A Look at the Latest Price Action

Bitcoin's price surged to $124,002.56, nearing its all-time high with a 12% weekly gain. Industry experts remain bullish, predicting even higher milestones ahead.

Published at 2025-10-06 11:08:10
Bitcoin Surpasses $123K with Positive Market Momentum

Bitcoin price has crossed the $123,000 mark with a slight increase of 0.56%, reflecting strong market capitalization of over $2.4 trillion. Other major cryptocurrencies like Ethereum, XRP, BNB, and DOGE also maintain impressive price levels amid active trading volumes.

Bitcoin Hits New High Above $125,000 Amid U.S. Government Shutdown and Inflation Concerns

On October 5, 2025, Bitcoin surged past $125,000 driven by strong ETF inflows and macroeconomic uncertainties including a U.S. government shutdown and rising inflation. Other cryptocurrencies also gained, highlighting a bullish market trend possibly fueled by lower rates and increased liquidity.