Whale’s Bitcoin Dip Strategy Sparks $900M Liquidations
The cryptocurrency market saw a sharp sell-off as Bitcoin dipped below $109,000 and Ether corrected 13% from its recent high, triggering more than $900 million in futures liquidations. Analysts attribute the flash crash to a whale selling 25,000 BTC and removing the buy-order wall to force weak hands out—a deliberate Bitcoin dip strategy ahead of anticipated ETF inflows. Experts expect Bitcoin to consolidate between $110,000 and $120,000 or slide toward $100,000 without fresh catalysts. Ether remains bullish long term but needs new drivers beyond corporate adoption. XRP trades in a tight range, eyeing $2.60–$3.10 key levels. The report also highlights macro factors—steepening Treasury yields and rate-cut bets—that could amplify crypto volatility. Key events include Mantle Network’s mainnet upgrade, token unlocks (SUI, JUP, CFG), and major ETF flow data. Traders should prepare for continued bearish pressure in the near term, while monitoring ETF-driven support and whale accumulation tactics in the broader crypto markets.
Bearish
The flash crash triggered by a 25,000 BTC sale removed critical buy support and forced over $900 million in futures liquidations, signaling heightened short-term volatility and downward pressure. Leveraged traders exited positions en masse, echoing past flash crashes that prolonged correction phases. Although the whale’s Bitcoin dip strategy aims to accumulate at lower prices ahead of ETF inflows, the absence of fresh market catalysts limits immediate buying momentum. Historical precedents show such concentrated whale actions can induce cascade liquidations. In the medium term, ETF-driven accumulation may cap further declines and foster a trading range, but near-term traders should brace for bearish bias and potential retests of $100,000 support levels.