Bitcoin News Today: Bitcoin's $110K Test Reveals Bull-Bear Showdown Over Long-Term Control

Bitcoin’s recent dip to $110,000 has intensified scrutiny over its ability to defend key support levels amid a volatile market environment. The cryptocurrency has declined nearly 9% from its all-time high of $124,128, with traders and analysts closely monitoring whether the price can stabilize above the $108,000–$109,000 range. The 90% threshold of BTC supply in profit is seen as a critical indicator for market direction. Should this threshold drop, it could signal a deeper correction, pushing Bitcoin toward support zones at $93,000–$95,000. Conversely, holding above $113,600—close to the three-month holder cost basis—may indicate a potential rebound toward prior highs.

The bearish pressure was recently amplified by a massive whale dump of approximately 24,000 BTC, valued at around $2.7 billion, triggering over $550 million in liquidations. The timing of this selloff during thin weekend liquidity exacerbated volatility, resulting in a sharp drop from $117,400 to as low as $110,000. This liquidity sweep reflects a classic institutional trading pattern where price aggressively clears positions before seeking equilibrium. Analysts have noted that such movements are more common in highly liquid assets and often precede significant consolidation periods or impulsive price moves.

Despite the short-term turbulence, structural demand for Bitcoin remains robust. ETFs and institutional investors have been absorbing around 3,600 BTC daily, which is four times the current miner issuance. This sustained buying reflects continued confidence in the asset’s long-term fundamentals. Moreover, Japan-based Metaplanet is set to deploy $881 million toward BTC purchases across September and October, further supporting Q4 demand. Network fundamentals also remain strong, with the Bitcoin hashrate reaching an all-time high and miner confidence staying elevated despite the recent selloff.

Meanwhile, investors are showing growing interest in alternative high-return opportunities in the decentralized finance (DeFi) space. One such project gaining traction is Mutuum Finance (MUTM), a presale token currently priced at $0.035 in stage 6. According to available data, MUTM has raised over $15 million with more than 15,700 investors, and its price is set to rise by 14.29% to $0.04 in the next phase. Analysts estimate that early investors could see a minimum 400% return if the token is listed as projected. The token’s two-tier lending framework—comprising Peer-to-Contract and Peer-to-Peer models—offers flexibility and efficiency in decentralized lending, particularly for high-risk assets like meme coins.

The growing popularity of MUTM is also evident in its community initiatives, including a $100,000 giveaway and a $50,000 USDT bug bounty program to enhance security and user trust. The project has received a 95.0 CertiK trust score, reinforcing its credibility in the competitive DeFi landscape. As Bitcoin and Ethereum remain in a consolidation phase, investors are increasingly seeking exposure to tokens like MUTM that offer high-yield opportunities amid broader macroeconomic uncertainty.

Looking ahead, Bitcoin’s ability to reclaim the $113,000–$117,000 range will be critical in determining the near-term trajectory. A successful rebound would confirm a range breakout and open the door to renewed bullish momentum. Conversely, a breakdown below $108,000 risks triggering a deeper liquidity flush toward $106,000–$103,000. The broader macroeconomic environment, including the Federal Reserve’s response to stagflation concerns, will also play a decisive role in shaping market sentiment.

Source: [1] Bitcoin Faces Critical Support Test at $110K (https://coinmarketcap.com/academy/article/bitcoin-faces-critical-support-test-at-dollar110k) [2] Bitcoin crashes to $110k on whale dump as stagflation ... (https://www.fxstreet.com/cryptocurrencies/news/bitcoin-crashes-to-110k-on-whale-dump-as-stagflation-fears-mount-202508290145) [3] Bitcoin: Can Bulls Defend Critical Support at $110K Amid ... (https://www.investing.com/analysis/bitcoin-can-bulls-defend-critical-support-at-110k-amid-rising-outflows-200665972) [4] Why Mutuum Finance (MUTM) Could Easily Become the ... (https://www.mitrade.com/insights/news/live-news/article-3-1075949-20250828) [5] Why Mutuum Finance (MUTM) Could Jump 12x ... (https://www.mitrade.com/insights/news/live-news/article-3-1073828-20250828)