Key takeaways:
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Bitcoin value is down 11% from its all-time excessive, dropping to $111,000 on Monday.
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$108,000 is a short-term goal for the bears, with some BTC analysts predicting a drop to $95,000.
Bitcoin (BTC) sellers emerged once more on Monday because the drop to $111,000 resulted in a big liquidation of leveraged lengthy positions throughout the cryptocurrency market.
Bitcoin tumbles beneath $112,000, wiping out longs
Bitcoin value fell as little as $111,300 on Monday, reversing Friday’s spike fueled by Fed Chair Jerome Powell’s dovish speech, as a whale offered into the rally.
This prolonged the drop from the Aug. 14 all-time excessive of $124,500 to 11% and was accompanied by huge liquidations throughout the derivatives market.
Related: Bitcoin OG whales accountable for BTC’s painful rise: Willy Woo
Over $642.4 million in lengthy positions have been liquidated, with Bitcoin accounting for $235.5 million. Ether (ETH) adopted with $155 million in lengthy liquidations.
Across the board, a complete of $806.95 million was worn out of the market in brief and lengthy positions, as proven within the determine beneath.
The Bitcoin liquidation heatmap confirmed purchase orders within the $110,500-$109,700 vary within the weekly timeframe. More bid orders have been constructing right down to $108,000 as proven within the chart beneath.
This means that Bitcoin’s value may drop additional to brush the liquidity inside this vary earlier than a restoration.
How low can Bitcoin value go?
BTC swept lows beneath $112,000, leaving merchants questioning how low the value may go.
“Bitcoin continues to be murdering leveraged merchants across the vary lows, and from the appears of it, the sharks are nonetheless hungry,” mentioned dealer Jelle in a Monday submit on X.
According to Jelle, Bitcoin was required to carry above the month-to-month open at $111,900 to keep away from a deeper correction towards $100,000.
“Would actually favor value holds on this space, or we’ll fall again into the earlier vary which might open us as much as one other retest of $100K.”
Fellow analyst Captain Faibik mentioned the assist round $111,800 was “getting weak,” and if damaged, may set off a recent downward leg towards the $107,000 and $108,000 zone.
$BTC Bulls are Still Defending the Key Support (111.8k)
As Support getting Weak, I feel Bitcoin is more likely to drop towards the 107K–108K zone quickly 🔜#Crypto #Bitcoin #BTCUSD pic.twitter.com/ZcaG5RhrXE
— Captain Faibik 🐺 (@CryptoFaibik) August 25, 2025
Several crypto business contributors stay optimistic for increased costs regardless of the drawdown. Analyst Gert van Lagen mentioned on Monday that Bitcoin’s parabola remained intact, concentrating on $350,000, however warned that an invalidation of the construction may see the value drop towards 95,000.
For MN Capital founder Michael van de Poppe, Bitcoin’s dip beneath $112,000 affords a “nice entry” alternative for merchants earlier than making a much bigger transfer again up.
Meanwhile, analyst BitQuant mentioned final week that his cycle prime goal of $145,000 for Bitcoin was nonetheless in play for 2025.
This article doesn’t comprise funding recommendation or suggestions. Every funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.
