Bitcoin Plunges Below $115K Amid $961M Liquidation Carnage: Is $110K The Next Stop?

Bitcoin just got rocked—slicing through $115,000 like it wasn't even there. A brutal $961 million liquidation spree hammered leveraged positions into dust. Welcome to crypto volatility, where greed meets gravity.

Behind the Bloodbath

Mass liquidations trigger cascading sell-offs. Panic spreads faster than a meme coin pump. Whales and retail traders alike got caught with their hands in the leverage cookie jar.

Where's The Floor?

All eyes lock onto $110,000. If that level cracks, brace for more pain. Technicals scream caution—momentum's fading, and sentiment's turning. But hey, this is Bitcoin. It's bounced back from worse.

Market Realities Bite Hard

Traders chasing 100x leverage learned the oldest lesson in finance: risk management isn't optional. Meanwhile, institutional players quietly accumulate—because nothing says 'smart money' like buying when there's blood in the streets.

Final Take: Volatility's The Name, Adaptation's The Game

Bitcoin doesn't do gentle. It rips higher and craters harder—that's the deal. Whether it's heading to $110K or ready to reverse, one thing's clear: in crypto, the only free lunch is the one you pack yourself.

Bitcoin Technical Patterns Signal Bearish Breakdown

Bitcoin’s weekly chart shows a rising wedge formation, a pattern often preceding bearish reversals. Analysts warn that a breakdown from this structure could send BTC tumbling as low as $88,000, nearly 26% below current levels.

On the daily chart, BTC also completed a double-top pattern at $123,000 with a neckline NEAR $112,000. A sustained move below this neckline could target the $101,000 zone, reinforcing the bearish outlook.

Adding to the caution, Bitcoin’s RSI has formed a descending channel, indicating weakening momentum despite recent price gains.

Beyond technicals, Bitcoin’s trajectory hinges on upcoming Federal Reserve events.

Investors are closely watching the release of Fed minutes and Chair Jerome Powell’s speech at the Jackson Hole Symposium. A hawkish tone from Powell could dampen hopes for a September rate cut, potentially accelerating Bitcoin’s decline.

Still, institutional accumulation remains strong. Tokyo-based Metaplanet recently added 775 BTC worth $93 million, while Michael Saylor’s Strategy purchased 430 BTC for $51 million. Bitcoin ETFs also saw $547 million in inflows last week, showing ongoing institutional interest even as volatility rises.

While some market watchers view the pullback as healthy consolidation, others warn of a flash crash scenario fueled by excessive leverage and false bullish signals.

If bearish patterns play out, bitcoin could retest $110,000 or lower in the near term, especially if macroeconomic headwinds persist.

For now, Bitcoin trades around $115,000, with the next decisive MOVE likely tied to Fed policy updates and investor appetite for risk.

Cover image from ChatGPT, BTCUSD chart from Tradingview