Bitcoin Plunges Below $113K as HYROCKETS to $17 Million Milestone

Digital asset markets witness seismic shift as established giant stumbles while newcomer defies gravity.

Market Dynamics Flip Script

Bitcoin's sharp correction below the $113,000 support level sends shockwaves through crypto portfolios. Meanwhile, HYPER's explosive rally to $17 million market cap demonstrates the market's appetite for high-risk, high-reward alternatives. Traditional finance analysts scramble to explain the divergence—when did crypto start behaving like, well, traditional finance?

Volatility Becomes the Constant

The simultaneous crash and surge highlight cryptocurrency's relentless capacity for rewriting expectations. While Bitcoin holders navigate the downturn, HYPER's ascent showcases how quickly capital rotates in decentralized markets. No central bank meetings required, no quarterly earnings calls—just pure, unadulterated market sentiment moving at blockchain speed.

Wall Street's watching from the sidelines, still trying to figure out how to short innovation.

Massive $1.7 Billion Liquidation As Bitcoin Slips Below 113k

Bitcoin made a low of $111,761 before recovering above the $112,000 support level. This drop has triggered a massive liquidation of nearly $1.7 billion in longs, making it the largest wipeout of 2025.

In just 24 hours, traders lost nearly $1.62 billion in long positions, while short liquidations stayed minimal.

This massive liquidation caught many investors off guard. Data from Glassnode showed that the heavy Leveraged clusters were around $111K–$114K, which hit leveraged longs the hardest.

Image Courtesy: Glassnode

Now the focus is shifting to the upcoming Personal Consumption Expenditures (PCE) inflation index, which could drive the market in the short term. Fed Chair Powell’s speech on Tuesday will also tell the story of the interest rate cut, which impacts the market in the long term. 

Bitcoin Price Prediction: Bounce or Breakdown?

BTC is currently trading at $112,998, hovering above the $112,000 psychological support level. The $112,000 level serves as local support after dropping below the 50-day moving average. A failure to hold this level could lead to further declines toward $110,000.

While on the long side, $115,000 is a major price barrier where sellers have accumulated in the previous trend. On the upside, a breakout above $118,000 WOULD open the door for another attempt towards a new all-time high above $124,000.

Bitcoin price chart. Image Courtesy: TradingView

Bullish sentiments in the market remain intact, but analysts suggest that another down leg could drive the price lower.

TedPillows, a prominent crypto investor and entrepreneur, said in his latest prediction that if bitcoin fails to reclaim $113,500, it could fall toward $106,000.

Key Levels To Watch

While investors watch the market uncertainty, here are the key levels to watch:

Bitcoin Hyper: BTC’s Fastest Layer-2 Leading Gains

Bitcoin Hyper has raised over $16.85 million in record time in its presale. As an advanced layer-2 solution, the project is revolutionizing Bitcoin’s speed, scalability, and versatility, even in high-traffic times.

The platform uses the Solana VIRTUAL Machine (SVM) for execution while regularly settling its state on Bitcoin. By anchoring to Bitcoin, it inherits strong security and immutability, while the SVM gives it speed and flexibility.

This design turns Bitcoin Hyper into a powerful bridge between the Bitcoin and solana ecosystems, enabling smooth liquidity movement, easy dApp migration, and secure high-performance transactions.

Why Bitcoin Hyper could be the next big thing:

• Massive demand in presale has raised nearly $17 million.
• Unique infrastructure with high demand.
• Dynamic staking and rewards are attracting a major user base.
• High bargain price of $0.012955 in presale
• The token’s price will increase in less than 5 hours.

The number tells the story, and massive demand in Bitcoin Hyper presale shows why it could be the next big thing in the crypto market. 

Bitcoin Hyper could start a new era for Bitcoin if it fulfills its promises, making it not only secure and valuable but also fast, flexible, and programmable.

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