Bitcoin News Today: Bitcoin Falls Below $115K After 2% Plunge $140M Longs Liquidated

Bitcoin’s value plummeted below $115,000 on July 25, marking its lowest level in nearly two weeks following a brief ascent toward the $120,000 threshold. The decline, which saw the cryptocurrency dip to $114,518 at 2:45 a.m. EDT, triggered the liquidation of over $140 million in long positions within a 24-hour period. Data from Coinglass revealed that BTC longs accounted for nearly half of the total $382 million in liquidated positions during the same timeframe, underscoring the fragility of leveraged trading in volatile markets [1].

The rapid price swing, which represented a 2% drop for Bitcoin, intensified pressure on traders with bullish exposure, as stop-loss orders and margin calls accelerated the sell-off. While the asset briefly rebounded above $115,000 and later climbed to $116,000, the overall movement highlighted the challenges of maintaining stability in a market prone to sudden reversals. The liquidations also indicated growing risks for investors relying on leveraged positions during periods of heightened uncertainty, as institutional and retail participants alike faced mounting losses [2].

Coinglass data further contextualized the scale of the downturn, noting that 142,437 traders were liquidated globally within the 24-hour window, with total losses reaching $531.69 million. Long positions dominated the wipeout, accounting for 70% of the damage, a reflection of the concentration of bullish bets in the broader derivatives market. Analysts have pointed to the role of elevated leverage in amplifying price swings, particularly as derivatives trading volumes remain robust despite the recent turbulence [3].

The $115,000 level, a key psychological and technical marker, appeared to lose its significance as sellers gained control. While the exact cause of the selloff remains unclear, macroeconomic concerns and sector-specific pressures are likely contributing factors. The event raises questions about the resilience of buyer support at lower levels, particularly if the $110,000 threshold fails to hold as a floor. Without intervention from large-scale market participants, further downward momentum could persist, compounding losses for leveraged traders [4].

The broader implications of the liquidations highlight the interconnectedness of crypto markets, where rapid price movements in one asset can trigger cascading effects across the ecosystem. While Bitcoin has historically shown resilience in recovering from corrections, the magnitude of this week’s losses suggests a critical test of market depth and liquidity. The outcome may influence whether this correction is perceived as a temporary pullback or a precursor to a prolonged bearish phase, with implications for both retail and institutional investors navigating the volatile landscape [5].

Source: [1] [BTC Dives Below $115K, $140M in Longs Liquidated] (https://news.bitcoin.com/bitcoin-whiplash-btc-dives-below-115k-140m-in-longs-liquidated/) [2] [BTC Se Propadá Pod $115K, $140M v Dlouhých Pozicích ...] (https://news.bitcoin.com/cs/bitcoin-whiplash-btc-se-propada-pod-115k-140m-v-dlouhych-pozicich-zlikvidovano/) [3] [Bitcoin(BTC) Stock Prices, News, Quotes and Charts] (https://www.futunn.com/en/crypto/BTC-CC) [4] [BTC to BNB: Bitcoin Price in Binance Coin] (https://www.coingecko.com/en/coins/bitcoin/bnb)