Bitcoin’s Descent: 11% Drop, Traders in Tears 🚨

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Key takeaways:

  • Bitcoin’s price, once a soaring eagle, now plummets like a fallen leaf, settling at $111,000 on Monday. 🧨

  • The bears, armed with whispers of $108,000, plot their next move, while some analysts dream of $95,000-though the moon is not for the faint of heart. 🌙

On Monday, the crypto heavens trembled as Bitcoin sellers, like vultures, descended upon the market, liquidating leveraged longs with the precision of a surgeon’s blade. 💸

Bitcoin tumbles below $112,000, wiping out longs

The price of Bitcoin, once a soaring eagle, now plummets like a fallen leaf, reversing Friday’s fleeting joy. A whale, ever the trickster, sold into the rally, leaving traders to ponder their fate. 🧠

This drop, a 11% fall from its August 14 zenith of $124,500, is a tale of hubris and despair, with liquidations as plentiful as autumn leaves. 🍂

Over $642.4 million in longs were cast into the abyss, with Bitcoin’s own $235.5 million lost to the void. Ether, too, weeps in $155 million tears. 🩸

The market, a theater of chaos, saw $806.95 million vanish, a spectacle captured in the image below. 🎭

The liquidation heatmap, a map of despair, shows buy orders in the $110,500-$109,700 range, like a desperate prayer. More bids gather below $108,000, a descent into the unknown. 🧭

Yet, the price may yet fall, sweeping the liquidity like a storm, before the sun of recovery breaks through. ☀️

How low can Bitcoin price go?

Bitcoin, the fickle lover, dips below $112,000, leaving traders to whisper, “How low, oh how low?” 🤯

“Bitcoin is still murdering leveraged traders around the range lows, and from the looks of it, the sharks are still hungry,” says trader Jelle, a prophet of gloom. 🐟

He warns that holding above $111,900 is the last line of defense before a plunge to $100,000. A grim prophecy, indeed. 🧙‍♂️

“Would really prefer price holds in this area, or we’ll fall back into the previous range which would open us up to another retest of $100K.”

Captain Faibik, the seer of crypto, warns that support at $111,800 is fraying, like a thread in a tapestry. A break could send Bitcoin into the $107K-$108K abyss. 🌀

$BTC Bulls are Still Defending the Key Support (111.8k)

As Support getting Weak, I think Bitcoin is likely to drop toward the 107K-108K zone soon 🔜#Crypto #Bitcoin #BTCUSD

– Captain Faibik 🐺 (@CryptoFaibik) August 25, 2025

Yet, amidst the gloom, some clasp their hands in hope. Analyst Gert van Lagen, a dreamer, claims Bitcoin’s parabola remains intact, aiming for $350,000. A lofty dream, but one worth chasing. 🌈

Michael van de Poppe, the savior of the downtrodden, sees the dip below $112,000 as a “great entry” opportunity. A gamble, but one worth the risk. 🎯

And BitQuant, the oracle of cycles, still whispers of $145,000 for 2025. A vision, perhaps, but one that fuels the fire of hope. 🔥

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2025-08-25 14:25