Bitcoin Falls Below $117K, Wipes $150B From Crypto Market

Published: 2025-07-15 10:24:02 |

Bitcoin pulled back from a record $123,000 high to trade below $117,000, erasing roughly $150 billion in crypto market value amid heavy liquidations and profit-taking. On-chain data shows investors realized $3.5 billion in profits over 24 hours, with long-term holders cashing out $1.96 billion. The rapid rally left a supply gap between $110,000 and $116,000, heightening volatility. Major altcoins fell alongside Bitcoin: DOGE slid 7%, ETH dropped 2% below $3,000, XRP dipped to $2.90, while BNB, SOL, SHIB, CRO, APT, LINK and HBAR saw losses up to 5.5%. Bitcoin’s market cap fell to $2.32 trillion and dominance rose to 62.1%. Traders should monitor on-chain metrics and liquidity around the $110K–$116K zone for support. This Bitcoin pullback underscores persistent crypto market volatility and raises questions about near-term support levels amid ongoing macro and geopolitical uncertainty.

Bearish

The unified news highlights a significant Bitcoin pullback with heavy profit-taking and liquidations, pointing to short-term downward pressure. The rapid rally left a supply gap between $110K and $116K, making price susceptible to bearish swings without strong buy orders; meanwhile, altcoin sell-off and rising Bitcoin dominance reflect cautious risk sentiment. While on-chain metrics and key support above $110K may underpin a longer-term recovery, realized profits and macro uncertainties keep the immediate outlook bearish.