Bitcoin Battles Critical Support Under $113,000: Is This the Beginning of a Major Correction?
Bitcoin teeters on the edge as it tests make-or-break support levels.
Market Jitters Intensify
The king of crypto faces its toughest test in months, sliding below the pivotal $113,000 threshold. Traders watch every tick—will this support hold or trigger a cascade of liquidations?
Technical Breakdown Looms
Chart analysts spot troubling patterns forming. Each bounce gets weaker, each dip deeper. The market's breathing gets shallower as volatility squeezes both longs and shorts.
Institutional Cold Feet?
Whales aren't buying this dip—not yet anyway. The smart money waits while retail panics. Same old story, different cycle. Wall Street's suddenly remembering they 'don't understand the technology' again.
This isn't a dip—it's a credibility test for the entire digital asset class. Buckle up.
Bitcoin’s price has plunged sharply, fueled by a surge in Leveraged liquidations and outflows from major spot ETFs. The drop comes after weeks of muted price action, suggesting that bullish momentum may have been overextended. Rising U.S. bond yields, a stronger dollar, and renewed macro uncertainty are adding extra pressure, forcing traders to reassess key support levels. With overleveraged longs wiped out and open interest cooling, many are now debating whether this is a healthy reset or the beginning of a deeper correction phase.
Here’s Why BTC Price Is Plunging
Bitcoin is showing signs of indecision as it hovers NEAR key resistance levels, with on-chain data highlighting mixed signals for traders. Over the past 24 hours, around 460,000 transactions were processed, reflecting stable network activity, while 122,000 BTC shifted across the blockchain, suggesting significant whale or institutional movements. However, it remains unclear whether these flows are exchange deposits (bearish) or withdrawals to cold storage (bullish).
Active addresses remain moderate, indicating no major surge in retail participation. Meanwhile, Bitcoin’s hashrate dipped by over 6%, hinting at a temporary miner pullback, though not alarming enough to threaten network security. Leveraged long positions on exchanges like Bitfinex continue to build, raising the risk of liquidations if downward pressure mounts.
Overall, Bitcoin appears to be consolidating, and traders are watching closely: will BTC reclaim momentum toward $68,000–70,000, or could rising sell pressure drag it back toward the $60,000 support zone?
What’s Next for the BTC Price Rally?
A popular analyst, anonymously known as Stockmoney Lizards, lists the Bitcoin market cycle and believes the BTC price is not done yet. The analyst further writes about the liquidation events, which are one of the recurring themes in Bitcoin’s market structure. Here’s how the playbook usually unfolds.
Liquidation cascades aren’t a sign of bitcoin being “done.” Instead, they’re healthy resets in a liquidity-driven market—and often the fuel for the next leg up.
Wrapping it Up
Mass liquidation events may feel painful in the short term, but as the analyst emphasizes, they are part of Bitcoin’s structural reset before the next rally. Each flush frees liquidity, clears leverage, and allows stronger hands to re-enter at favorable levels. With Bitcoin holding a clear uptrend and whales continuing to accumulate, the outlook remains bullish. Rather than fearing these dips, traders should view them as opportunities—the real fuel for the next leg higher.
