Bitcoin Price Tanks Below $109K After Whale Dump in Brutal Market Flush

Around $205 billion has exited crypto markets over the past 24 hours, sending total market capitalization plummeting back to $3.84 ￰0￱ is the lowest level total cap has been since August 6, but it still remains within a six-week sideways channel despite the massive ￰1￱ reported that around 205,000 traders were liquidated over the past day, with total liquidations coming in over $930 million as leveraged long Bitcoin positions got ￰2￱ analysts were suggesting that exchanges were dumping crypto assets in order to liquidate the long positions. Today’s painful, but not out of the ordinary, market slump has resulted in a 9% correction for overall crypto markets since their peak on August ￰3￱ saw one of the largest #Bitcoin long liquidation events since Dec 2024, with over $150M in longs wiped out as price moved ￰4￱ — glassnode (@glassnode) August 25, 2025 Bitcoin Dragging Markets Down The big dump has been caused by Bitcoin, which crashed to a seven-week low of under $109,000 in early Asian trading on Tuesday morning on most exchanges.

BTCUSD.) of one to three-month-old investors who accumulated during the May to July rally. “Historically, failure to hold above this level has often led to multi-month market weakness and potential deeper corrections,” it ￰5￱ total BTC correction now stands at 12%, which is still much shallower than the pullbacks in September 2017 and 2021, during the bull market years when the asset retreated by 36% and 24%, respectively. A retreat between these two levels this September could see Bitcoin prices back at $87,000 before the bull market ￰6￱ Bleed Out As usual, the altcoins are suffering much more with major losses for Solana dumping over 11% to $186, Dogecoin dropping 10% in a fall to $0.21, Cardano sliding 9% to $0.83, and Chainlink tanking 11% to $23.30.

Other altcoins in pain include Hyperliquid, Sui, Avalanche, and ￰7￱ has lost 7% on the day, but it remains within its sideways channel and had already started to recover at the time of writing, trading above $4,400 again. However, ETH has lost over 11% since its all-time high just two days ago. “It never “feels good” when you buy the ￰8￱ dip comes when sentiment ￰9￱ the number down can be a good form of discipline,” advised Bitwise CIO Matt ￰10￱ the crypto market rips, everyone says: “I’ll buy bitcoin if it just pulls back to insert number here.” Then, when the dip happens, they don’t act because the market doesn’t “feel” good at that ￰11￱ solution: Write the price at which you want to buy on a sticky note… — Matt Hougan (@Matt_Hougan) August 25, 2025