What Caused Bitcoin to fall from $124,000 $108,400 in two Weeks?
Bitcoin’s drop from $124,000 to $108,400 over two weeks in August 2025 stemmed from a combination of manipulative market practices, macroeconomic pressures, and technical factors. Here’s a detailed breakdown of the key causes based on recent market data and analyses:
- Liquidity Hunting and Liquidations:
Centralized exchanges (CEXs) played a significant role in the price decline through liquidity hunting, where large players target stop-loss orders and leveraged positions to trigger liquidations. A YouTube analysis by CryptoRover, “Bitcoin Liquidity Hunt to $124K EXPLAINED,” suggests the $124,000 peak was a deliberate move to hit liquidity pools above key resistance, sparking forced sales. Coinglass reported over $900 million in liquidations on August 27, with $500 million in long positions wiped out on August 24 alone, amplifying downward pressure as over-leveraged traders were forced to sell.
2. Whale Selling and Market Sentiment:
A massive whale sell-off of 24,000 BTC, worth over $2.7 billion, occurred over a weekend, significantly accelerating the decline. This large transaction, reported by Bitcoin Magazine, sent Bitcoin from $117,000 to $108,890, with the whale transferring funds to Hyperunite, further denting market confidence. The Fear and Greed…
You May Also Like
CEO Sandeep Nailwal Shared Highlights About RWA on Polygon
TRM Labs Becomes Unicorn with 70M$: BTC Fraud Risk
