{"id":91549,"date":"2025-08-26T23:00:27","date_gmt":"2025-08-26T23:00:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=91549"},"modified":"2025-08-26T23:00:27","modified_gmt":"2025-08-26T23:00:27","slug":"bitcoin-slips-below-110k-after-2-7b-whale-dump-could-wave-c-correction-target-105k-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=91549","title":{"rendered":"Bitcoin Slips Below $110K After $2.7B Whale Dump: Could Wave C Correction Target $105K Next?"},"content":{"rendered":"

Bitcoin (BTC) tumbled below the critical $110,000 mark on Tuesday after a whale offloaded 24,000 BTC worth approximately $2.7 billion.<\/p>\n

The massive sell order sparked a sharp market reaction, wiping out $205 billion from crypto market capitalization and triggering over $930 million in liquidations across leveraged positions.<\/p>\n

This sudden downturn pushed BTC to its lowest levels in nearly two months, with intraday lows near $109,000. Analysts warn the correction could extend further, as technical patterns point to a possible continuation of the Elliott Wave C move toward $105,000.<\/p>\n

Technical Signals: $105K or $108K in Play<\/strong><\/h2>\n

Market analysts project that Bitcoin\u2019s rejection at $117,000 over the weekend set the stage for this decline. According to Elliott Wave Theory, Wave C often mirrors Wave A in length, making the $105,000 zone a prime target.<\/p>\n

This area also coincides with Bitcoin\u2019s Point of Control<\/a> since April and the anchored VWAP support line, adding weight to the bearish case.<\/p>\n

However, a strong counter-argument exists. The $107,000\u2013$108,000 range, representing the 61.8% Fibonacci retracement of the June-to-August rally, holds significant buying interest.<\/p>\n

Data from Bookmap shows clustered orders at this level, suggesting it could act as a reversal point if buyers step in aggressively.<\/p>\n

Invalidation Levels and Market Outlook<\/strong><\/p>\n

Despite the bearish tone, analysts caution that a Bitcoin<\/a> daily close above $110,000 could flip sentiment.<\/p>\n

Such a move would indicate a possible liquidity grab rather than a full-blown Wave C continuation. A stronger confirmation would come if Bitcoin reclaims $112,000, signaling the downside break was corrective, not impulsive.<\/p>\n

For now, traders are advised to watch the $108,000 support zone closely. A breakdown could accelerate selling pressure toward $105,000, while a decisive bounce might restore short-term momentum.<\/p>\n\n

What to Expect Next for Bitcoin Price<\/strong><\/p>\n

Bitcoin\u2019s sharp sell-off gives a clear picture of the delicate balance between whale activity, technical structures, and macroeconomic uncertainty.<\/p>\n

In the near term, analysts caution that downside risks remain elevated, with $108,000 emerging as the key support level. A failure to hold this zone could pave the way for a deeper correction toward $105,000.<\/p>\n

On the flip side, a recovery above $110,000, and especially $112,000, would invalidate the bearish Wave C scenario, signaling that the pullback was corrective rather than the start of a larger decline.<\/p>\n

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

Bitcoin (BTC) tumbled below the critical $110,000 mark on Tuesday after a whale offloaded 24,000 BTC worth approximately $2.7 billion. The massive sell order sparked a sharp market reaction, wiping out $205 billion from crypto market capitalization and triggering over $930 million in liquidations across leveraged positions. This sudden downturn pushed BTC to its lowest […]<\/p>\n","protected":false},"author":0,"featured_media":91550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91549","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\/91549"}],"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=91549"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91550"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}