BTC Weekend Bloodbath: Liquidation Tsunami Hits as Sell-Off Spills Into Saturday – What’s the Next Move?

Bitcoin’s sell-off isn’t clocking out for the weekend. Liquidations surge as traders scramble—did anyone tell the bulls it’s supposed to be a two-day break?

Here’s the damage:

• Forced exits pile up as BTC wobbles near key levels. No mercy from the algos—just another day in crypto’s ‘free market’ (where ‘free’ means ‘your stop-loss is a target’).

• Weekend trading volume spikes. Because nothing says relaxation like refreshing charts every 90 seconds.

What’s next? Either a bounce play at support or more pain for the over-leveraged crowd. Pro tip: If your thesis relies on ‘institutional adoption’ but ignores liquidations, maybe stick to traditional finance—where the rug pulls come with paperwork.

Bitcoin ushered in the weekend with capitulation as the bulls failed to regain control. BTC price experienced sell pressure build-up in the week’s second-half.

Further, a long squeeze may have turbocharged its recent downside. On Friday, Long liquidations ballooned to $231 million as the cryptocurrency extended its downside below its 2-week support.

This was after BTC price failed to bounce back as expected after previously being stuck in a sideways trend for almost three weeks.

The latest spike in liquidation was the highest observed during the same two-week period. This confirmed that the liquidation event was a hunt for overleveraged positions.

Positive funding rates have since dipped to 2-week lows. The liquidation map also revealed that there was over $500 million worth of Leveraged long positions that could be liquidated if price dipped to $110,000.

It also underscored potential for a flip in favor of heavy short liquidations if the price pushed above $116,000.

Bearish Onslaught Pauses After BTC Price Brief Dip Below $113,000

While the liquidation map signaled more potential volatility ahead, Bitcoin (BTC) price sell pressure paused after its brief dip below $113,000.

The cryptocurrency briefly dipped as low as $112,000 earlier today and this MOVE had investors curious as to what the future will unfold.

This latest pullback occurred after institutional flows turned negative on Friday. The outcome in the next few days was largely dependent on whether this WOULD be perceived as a buy opportunity or would sell pressure continue to proliferate.

Large orderbook statistics on Coinglass revealed that spot demand remained low, likely because investors opted to be cautious.

Roughly $2.55 million worth of sell positions were executed on  Binance spot, while $1.53 million buy positions were executed on OKX.

Coinbase had less than $500 million worth of spot inflows. Meanwhile, Binance saw about $943 million worth of buying pressure in the derivatives segment.

On the other hand, OKX had just over $16 million worth of derivative puts. The fact that the state of demand reflected a cautious approach was reflective of the current state of the market.

The recent political-economic situation, as well as rising geopolitical tensions may have contributed to the investor retreat.

Michael Saylor Reiterates His Take on BTC

Strategy chairman Michael Saylor who happens to be one of the top bitcoin evangelists, remained optimistic about BTC price’s long-term prospects. He recently reiterated the cryptocurrency’s long-term value.

Saylor acknowledged that Bitcoin also made sense as a short-term trading instrument. This was in response to the asset’s tendency to rally but also experience sizable pullbacks as was the case with the latest situation.

Saylor’s company Strategy has been aggressively buying Bitcoin, especially after every dip. Its Q2 2025 earnings outpaced expectations thanks to its early exposure and BTC’s push to new highs.

Strategy continued to pile more coins into its holdings. The company had $628,791 BTC in its stop pile as of 2 August.

Companies like Strategy and Blackrock ramped up the rate of Bitcoin acquisition in 2025. This explained why BTC floor price has been rising and why recent dips were short-lived. If the same strategy.

The robust institutional involvement so far this year suggested that the latest pullback was likely to experience a similar outcome. However, the extent of the downside remained unknown, but could be heavily influenced by ETF flows in the coming days.

Interestingly, BTC price was only about 8% away from a new ATH at its press time price tag despite its latest pullback. It was also about 11% away from dipping below $100,000.