Bitcoin Plunges Under $110K as Traders Rush $12M Bitcoin Hyper Presale

Bitcoin's sudden drop below the $110K threshold sends shockwaves through crypto markets—just as traders pile into Bitcoin Hyper's explosive $12 million presale event.

Market Whiplash

Liquidations mount while Coinbase reports surging demand, creating a bizarre split in trader sentiment. The numbers don’t lie: fear and greed are locked in a tug-of-war.

Presale Frenzy

Amid the chaos, Bitcoin Hyper’s presale rockets past $12M as speculators bet big on the next hype cycle. Because nothing says 'rational market' like chasing the next shiny object during a dip.

Institutional whiplash meets retail FOMO—classic crypto, doing what it does best: confounding everyone, especially the suits on Wall Street who still think stablecoins are the wild west.

Bitcoin Whales Spark Panic Selling

The latest decline did not come out of nowhere. A Bitcoin whale sold 24,000 BTC, worth more than $2.7 billion, in a single move. That dump pushed Bitcoin to a seven-week low and slashed $205 billion from the total crypto market cap in just one day. The whale-triggered sell-off sparked a chain reaction across exchanges, with traders forced to exit positions at a loss. Altcoins suffered even sharper losses, with Solana, Dogecoin, and Cardano all plunging by double digits. Despite this, some analysts stress that the current 12% correction is still smaller than Bitcoin’s historic crashes of 2017 and 2021. Still, the sheer size of the whale’s move has left traders cautious about what could come next.

Coinbase Premium Signals US Demand Recovery

While the sell-off rattled the market, signs of a recovery are quietly emerging. The Coinbase Premium Index, which tracks the price gap between Coinbase and Binance, flipped positive again. This shift suggests US-based demand for bitcoin is returning after weeks of weakness. Traders often see a positive Coinbase Premium as a bullish signal because it shows American investors are buying BTC at higher prices. Coupled with surprise inflows into Bitcoin ETFs, the market may be setting up for a rebound. On Monday, ETFs logged nearly $220 million in positive flows, easing fears of institutional outflows dragging the price lower. These developments hint that the bottom may be closer than many expect.

Bitcoin Charts Repeat Familiar Patterns

Seasoned traders are pointing out that Bitcoin’s current moves look eerily similar to its Q2 retracement earlier this year. Back then, BTC peaked NEAR $112K before crashing to around $98K. Analysts from CryptoQuant highlight that today’s chart shows the same lower lows and false capitulation signals. Every time traders believed the run was over, Bitcoin managed to bounce back stronger. That “uncanny” resemblance has some market watchers betting on a short squeeze. Order book data shows heavy short positions stacked above $114K. If Bitcoin rallies back to that zone, those shorts could be liquidated, fueling a rapid move higher.

Bitcoin’s Next Moves: Between Fear and Opportunity

The Bitcoin market is now caught between fear of further liquidation and hope of a rebound. On the downside, traders eye $100K as a key safety net, with deeper support near $93K. On the upside, a quick return to $114K could flip sentiment overnight. The deciding factor may be whether whales continue dumping or step back from the market. Coinbase flows and ETF demand suggest strong buyers remain in the background, waiting for opportunities. For now, Bitcoin’s path forward rests on whether bulls can defend support levels and turn the latest pain into fuel for the next rally.