Bitcoin Flash Crash: BTC Dips Below $113K
— Here’s What I’m Seeing 👀
Yeah, that just happened — Bitcoin crashed
below $113,000, and the entire crypto
market felt it. So what caused the sudden
drop? Let’s unpack it real quick:
📉 Why Did BTC Dump So Hard?
Whale Profit-Taking 💰
An ancient wallet just moved $4.8B worth of
BTC. That alone was enough to spook the
market — and it triggered a domino effect:
• $450M in long positions liquidated
• Over $3.5B wiped out across the board
Classic whale move: dump the bag, watch
the chaos.
Rejection at $120K–$123K 🚫
Bitcoin pushed up near $123K a few times
but couldn’t break through.
We saw repeated rejections, followed by a
bearish candlestick setup — clear sign that
sellers were stepping in hard.
Macro Market Pressure 🌐
Fresh U.S. tariff concerns rattled global
markets.
Crypto traders didn’t want to wait around —
they took profits fast, accelerating the sell-
off.
Bearish Divergence ⚠️
Even though BTC made higher highs, the RSI
didn’t follow.
That’s a textbook bearish divergence —
momentum was fading, and this drop was
brewing for days.
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Bottom line: This wasn’t random. It was a mix
of whale moves, weak technicals, and macro
fear — and it hit fast. Stay sharp out there.