Bitcoin News Today: Bitcoin Dips Below $115,000 as $530M Crypto Liquidations Signal Market Deterioration

A risk-off sentiment has taken hold of the cryptocurrency market, with Bitcoin, Ethereum, and XRP experiencing significant downward pressure amid a wave of liquidations. Over the past 24 hours, more than $530 million in trading positions have been liquidated, with Bitcoin longs accounting for approximately $124 million of that total [5]. On a single trading day, over $270 million in positions were wiped out, signaling a sharp deterioration in investor confidence [2].

Among the most affected is XRP, which has fallen below $3, driven by a $465 million liquidation surge, making it the second-weakest performer among the top 10 cryptocurrencies after Solana [3]. Ethereum also faced heavy sell-offs, with its liquidations forming a significant portion of the $550 million total across the market [9]. Bitcoin, meanwhile, has dropped below $115,000, while Ethereum has slid to $4,200 [10].

The widespread liquidations reflect a breakdown in confidence among leveraged traders. In just 24 hours, over 123,836 traders were wiped out, suggesting a reevaluation of risk exposure among both retail and institutional participants in the wake of sharp price declines [5]. Analysts note that macroeconomic concerns and uncertainty ahead of key central bank announcements have amplified the selling pressure [4].

Market observers remain divided on whether the current sell-off is a temporary correction or the start of a more prolonged downturn. Some reports indicate that "dip buyers" have temporarily halted the downward momentum, but the overall bearish trend remains intact [4]. While open interest has seen a slight uptick, suggesting some buying interest at lower levels, the broader market environment remains bearish [8].

The downward pressure has also been attributed to whale activity, with large-scale sell-offs cited as a primary driver behind the $350 million in liquidations [10]. The broader market is being dragged down by Bitcoin’s pullback from its record highs [9], further compounding concerns about liquidity and market stability.

Investors are now closely watching for signals of a potential rebound, though the market remains vulnerable to further volatility and sharp corrections until clarity emerges on macroeconomic conditions and potential policy shifts, particularly in the U.S. [4].

Source:

[1] https://www.mitrade.com/insights/news/live-news/article-3-1051006-20250819

[2] https://www.financemagnates.com/trending/bitcoin-price-is-going-down-as-market-stress-tests-bulls-before-jackson-hole/

[3] https://www.ainvest.com/news/xrp-news-today-xrp-dips-3-465m-crypto-liquidation-surge-2508/

[4] https://cointelegraph.com/news/dip-buyers-stopped-the-train-5-things-bitcoin-this-week

[5] https://www.economies.com/crypto/news/bitcoin-holds-at-$115,000-amid-rising-macro-fears-and-liquidation-eave-47136

[8] https://cointelegraph.com/news/bitcoin-liquidity-zones-swept-but-uptick-in-open-interest-hints-at-btc-recovery

[9] https://coingape.com/trending/why-is-crypto-market-dumping-today/

[10] https://www.cointribune.com/en/bitcoin-falls-below-115k-ethereum-dips-to-4-2k-as-whales-trigger-sell-off/