{"id":43092,"date":"2025-08-20T08:01:31","date_gmt":"2025-08-20T08:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43092"},"modified":"2025-08-20T08:01:31","modified_gmt":"2025-08-20T08:01:31","slug":"bitcoin-slips-below-115k-on-961m-liquidations-could-btc-dip-to-110k-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43092","title":{"rendered":"Bitcoin Slips Below $115K on $961M Liquidations: Could BTC Dip to $110K Next?"},"content":{"rendered":"
\n

Bitcoin slipped below the $115,000 level on Tuesday as the crypto market faced nearly $961 million in leveraged liquidations. The sudden sell-off followed an extended rally to new all-time highs above $124,000 last week, raising fears of a deeper correction toward the $110,000 support zone.<\/p>\n

Data from CoinGlass revealed that long positions accounted for the majority of the liquidations, highlighting the overleveraged state of the market. More than 60% of BTC\/USDT perpetual contracts remain long-biased, leaving traders exposed to cascading liquidation risks if prices fall further.<\/p>\n

Bitcoin Technical Patterns Signal Bearish Breakdown<\/strong><\/h2>\n

Bitcoin\u2019s weekly chart shows a rising wedge formation, a pattern often preceding bearish reversals. Analysts warn that a breakdown from this structure could send BTC tumbling as low as $88,000, nearly 26% below current levels.<\/p>\n

On the daily chart<\/a>, BTC also completed a double-top pattern at $123,000 with a neckline near $112,000. A sustained move below this neckline could target the $101,000 zone, reinforcing the bearish outlook.<\/p>\n

Adding to the caution, Bitcoin\u2019s RSI has formed a descending channel, indicating weakening momentum despite recent price gains.<\/p>\n

Fed Policy and Institutional Buying in Focus<\/strong><\/p>\n

Beyond technicals, Bitcoin\u2019s trajectory hinges on upcoming Federal Reserve events.<\/p>\n

Investors are closely watching the release of Fed minutes and Chair Jerome Powell\u2019s speech at the Jackson Hole Symposium. A hawkish tone from Powell could dampen hopes for a September rate cut, potentially accelerating Bitcoin\u2019s decline.<\/p>\n

Still, institutional accumulation<\/a> remains strong. Tokyo-based Metaplanet recently added 775 BTC worth $93 million, while Michael Saylor\u2019s Strategy purchased 430 BTC for $51 million. Bitcoin ETFs also saw $547 million in inflows last week, showing ongoing institutional interest even as volatility rises.<\/p>\n

\"bitcoin<\/p>\n

Could BTC Test $110K Next?<\/strong><\/p>\n

While some market watchers view the pullback as healthy consolidation, others warn of a flash crash scenario fueled by excessive leverage and false bullish signals.<\/p>\n

If bearish patterns play out, Bitcoin could retest $110,000 or lower in the near term, especially if macroeconomic headwinds persist.<\/p>\n

For now, Bitcoin trades around $115,000, with the next decisive move likely tied to Fed policy updates and investor appetite for risk.<\/p>\n

Cover image from ChatGPT, BTCUSD chart from Tradingview<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin slipped below the $115,000 level on Tuesday as the crypto market faced nearly $961 million in leveraged liquidations. The sudden sell-off followed an extended rally to new all-time highs above $124,000 last week, raising fears of a deeper correction toward the $110,000 support zone. Data from CoinGlass revealed that long positions accounted for the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43092","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43092"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43092\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}