Around $205 billion has exited crypto markets over the past 24 hours, sending total market capitalization plummeting back to $3.84 trillion.<\/p>\n
It is the lowest level total cap has been since August 6, but it still remains within a six-week sideways channel despite the massive sell-off<\/a>.<\/p>\n CoinGlass reported that around 205,000 traders were liquidated over the past day, with total liquidations coming in over $930 million as leveraged long Bitcoin positions got flushed. Other analysts were suggesting<\/a> that exchanges were dumping crypto assets in order to liquidate the long positions.<\/p>\n Today\u2019s painful, but not out of the ordinary, market slump has resulted in a 9% correction for overall crypto markets since their peak on August 14.<\/p>\n Yesterday saw one of the largest #Bitcoin<\/a> long liquidation events since Dec 2024, with over $150M in longs wiped out as price moved lower. pic.twitter.com\/okCNBMWl0j<\/a><\/p>\n \u2014 glassnode (@glassnode) August 25, 2025<\/a><\/p>\n\n The big dump has been caused by Bitcoin, which crashed to a seven-week low of under $109,000 in early Asian trading on Tuesday morning on most exchanges.<\/p>\n <\/a>BTCUSD. Source: TradingView<\/p>\n This was caused by a Bitcoin whale selling an entire batch of 24,000 BTC worth over $2.7 billion, causing the asset to plummet $4,000 a few hours that followed.<\/p>\n According to Glassnode, Bitcoin has dropped below the average cost basis ($110,800) of one to three-month-old investors who accumulated during the May to July rally. \u201cHistorically, failure to hold above this level has often led to multi-month market weakness and potential deeper corrections,\u201d it cautioned<\/a>.<\/p>\n The total BTC correction now stands at 12%, which is still much shallower than the pullbacks in September 2017 and 2021, during the bull market years when the asset retreated by 36% and 24%, respectively.<\/p>\n A retreat between these two levels this September could see Bitcoin prices back at $87,000 before the bull market resumes.<\/p>\n As usual, the altcoins are suffering much more with major losses for Solana dumping over 11% to $186, Dogecoin dropping 10% in a fall to $0.21, Cardano sliding 9% to $0.83, and Chainlink tanking 11% to $23.30.<\/p>\n Other altcoins in pain include Hyperliquid, Sui, Avalanche, and Litecoin. Ethereum has lost 7%<\/a> on the day, but it remains within its sideways channel and had already started to recover at the time of writing, trading above $4,400 again. However, ETH has lost over 11% since its all-time high just two days ago.<\/p>\n <\/p>\n \u201cIt never \u201cfeels good\u201d when you buy the dip. The dip comes when sentiment drops. Writing the number down can be a good form of discipline,\u201d advised Bitwise CIO Matt Hougan.<\/p>\n When the crypto market rips, everyone says: \u201cI\u2019ll buy bitcoin if it just pulls back to [insert number here].\u201d<\/p>\n Then, when the dip happens, they don\u2019t act because the market doesn\u2019t \u201cfeel\u201d good at that point.<\/p>\n One solution: Write the price at which you want to buy on a sticky note\u2026<\/p>\n \u2014 Matt Hougan (@Matt_Hougan) August 25, 2025<\/a><\/p>\n\n <\/p>\n The post Bitcoin Price Tanks Below $109K After Whale Dump in Brutal Market Flush<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around $205 billion has exited crypto markets over the past 24 hours, sending total market capitalization plummeting back to $3.84 trillion. It is the lowest level total cap has been since August 6, but it still remains within a six-week sideways channel despite the massive sell-off. CoinGlass reported that around 205,000 traders were liquidated over […]<\/p>\n","protected":false},"author":0,"featured_media":91257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91256"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91256"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91257"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Dragging Markets Down<\/h2>\n
Altcoins Bleed Out<\/h2>\n
![<\/a>BTCUSD. Source: TradingView<\/p>\nThis was caused by a Bitcoin whale selling an entire batch of 24,000 BTC worth over $2.7 billion, causing the asset to plummet $4,000 a few hours that followed.<\/p>\nAccording to Glassnode, Bitcoin has dropped below the average cost basis ($110,800) of one to three-month-old investors who accumulated during the May to July rally. \u201cHistorically, failure to hold above this level has often led to multi-month market weakness and potential deeper corrections,\u201d it cautioned<\/a>.<\/p>\nThe total BTC correction now stands at 12%, which is still much shallower than the pullbacks in September 2017 and 2021, during the bull market years when the asset retreated by 36% and 24%, respectively.<\/p>\nA retreat between these two levels this September could see Bitcoin prices back at $87,000 before the bull market resumes.<\/p>\nAltcoins Bleed Out<\/h2>\nAs usual, the altcoins are suffering much more with major losses for Solana dumping over 11% to $186, Dogecoin dropping 10% in a fall to $0.21, Cardano sliding 9% to $0.83, and Chainlink tanking 11% to $23.30.<\/p>\nOther altcoins in pain include Hyperliquid, Sui, Avalanche, and Litecoin. Ethereum has lost 7%<\/a> on the day, but it remains within its sideways channel and had already started to recover at the time of writing, trading above $4,400 again. However, ETH has lost over 11% since its all-time high just two days ago.<\/p>\n<\/p>\n\u201cIt never \u201cfeels good\u201d when you buy the dip. The dip comes when sentiment drops. Writing the number down can be a good form of discipline,\u201d advised Bitwise CIO Matt Hougan.<\/p>\nWhen the crypto market rips, everyone says: \u201cI\u2019ll buy bitcoin if it just pulls back to [insert number here].\u201d<\/p>\nThen, when the dip happens, they don\u2019t act because the market doesn\u2019t \u201cfeel\u201d good at that point.<\/p>\nOne solution: Write the price at which you want to buy on a sticky note\u2026<\/p>\n\u2014 Matt Hougan (@Matt_Hougan) August 25, 2025<\/a><\/p>\n\n<\/p>\nThe post Bitcoin Price Tanks Below $109K After Whale Dump in Brutal Market Flush<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Around $205 billion has exited crypto markets over the past 24 hours, sending total market capitalization plummeting back to $3.84 trillion. It is the lowest level total cap has been since August 6, but it still remains within a six-week sideways channel despite the massive sell-off. CoinGlass reported that around 205,000 traders were liquidated over […]<\/p>\n","protected":false},"author":0,"featured_media":91257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91256"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91256"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91257"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/BTCUSD-23.png\"){kind=link}