#Bitcoin Faces Crucial Test Below $115K as Market Weakness Intensifies

Bitcoin ($BTC ) is teetering at a critical juncture after falling below the pivotal $115,000 support level, raising concerns about a deeper correction. The loss of this key level has dampened bullish momentum, with analysts warning that continued weakness could drive prices below $110,000—a level that could trigger widespread long liquidations and shake out short-term holders (STHs).

Mounting Selling Pressure and Structural Fragility

CryptoQuant analyst Axel Adler has identified $112,000 as the new short-term resistance level for Bitcoin, describing the $112K–$105K zone as structurally fragile. Adler emphasizes that this buffer zone acts as a thin line separating the market from more aggressive downside risks.

“If BTC breaks below $105K, it could initiate a cascade of liquidations, pressuring weak hands to sell,” Adler warned in a post on X.

The warning comes as macroeconomic uncertainty—including weak U.S. jobs data and declining spot ETF inflows—adds weight to already fragile market sentiment.

Short-Term Holders (STHs) Underwater and Vulnerable

Adler highlights that the 1-week to 1-month STH Realized Price sits at $117,000, meaning this cohort is now holding at a loss. These investors are historically more sensitive to volatility and could capitulate if Bitcoin fails to stabilize.

STH Realized Price: $117,000 (vs. current price ~$115,478)

Panic selling could accelerate if BTC #dips below $105K

Psychological pressure builds as #STHs lose conviction

While $105K may act as a strong psychological and technical support, it is also a stress point. How BTC behaves at this level could shape market direction for the remainder of Q3 2025.