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Bitcoin Slides Below Key Support

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Bitcoin Slides Below Key Support

Mass Liquidations Hit Crypto Markets

 

📉 Bitcoin Price Forecast: BTC slips below $110,000, triggering massive over-leverage liquidations
🗓 Date: Tuesday, August 26, 2025 | Source: FXStreet Insights

Bitcoin (BTC) is trading around $110,100 on Tuesday after closing below a critical support level the previous day, sparking a wave of liquidations across the crypto market. Over the past 24 hours, more than 179,700 traders have been liquidated, with total losses surpassing $800 million. Despite the sell-off, some resilience remains as spot Bitcoin ETFs recorded $219 million in fresh inflows, while corporate buyer Strategy boosted its reserves by 3,081 BTC.


📌 Price correction wipes out over-leveraged long positions

BTC began the week under pressure, dipping below $110,000 on Monday and hitting a low of $108,666 in the early Asian session on Tuesday — reflecting weakening investor sentiment and fading bullish momentum.

Data from CoinGlass shows that in the last 24 hours, over $267 million worth of BTC positions were liquidated, with more than 82% being longs — indicating overly optimistic positioning. The largest single liquidation occurred on the Huobi (HTX) exchange, where a BTC/USDT position worth $39.24 million was closed.


📈 Spot ETFs see fresh inflows, institutional buyers step in

Despite the sharp drop, institutional demand remained active at these price levels. SoSoValue data reveals that Bitcoin Spot ETFs recorded an inflow of $219 million on Monday, breaking a six-day streak of outflows since August 15. Continuation of this trend could support BTC price recovery.

Corporate buyers also showed interest. Treasury-focused firms such as Metaplanet and Strategy collectively added 3,184 BTC on Monday, suggesting ongoing appetite for strategic accumulation.

According to QCP Capital, while BTC may be losing short-term momentum to ETH, their structural view remains unchanged, expecting institutions to selectively buy dips — just as the market absorbed around 80,000 BTC in legacy supply back in July.


🎯 Technical outlook: Bears eye $103,700 support

Over the weekend, BTC faced rejection from a previously broken trendline and declined more than 5% into Monday’s close — falling under the 100-day Exponential Moving Average (EMA) at $110,798. If the current correction persists, the next support lies at $103,739, which coincides with the 200-day EMA.

On the daily chart, the Relative Strength Index (RSI) stands at 38, down from rejection at the neutral 50 level last Friday — a sign of strong bearish momentum. The MACD also shows a bearish crossover from last week, reinforcing the downside bias.

However, if BTC closes back above the 100-day EMA at $110,798 and establishes support there, it could aim for the key resistance level near $116,000.

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