Flash CRASH: Bitcoin Drops Under $116K — $100M of Longs Liquidated. Is This Your BUY Window?

Quick summary:

A sudden sell-off hit crypto on Aug 18, 2025: Bitcoin slid to about $115,725 and top altcoins—Ethereum, XRP, Solana and Dogecoin—fell sharply. The move wiped out roughly $100 million of long positions in just a few hours, according to CoinDCX data cited by GoodReturns. Traders were left rattled after a blistering rally erased some gains almost overnight.

Key numbers & moves:

BTC: $115,725 (-~2% in 24h; peaked near $124k last week).

ETH: $4,334 (-3.1%).

XRP: $3.00 (-3.9%).

SOL: $183.12 (-4.99%).

DOGE: $0.2254 (-3.58%).

Liquidations: ~$100M of longs wiped out in hours.

What else stood out:

Some traders saw opportunity: Metaplanet reportedly bought 775 BTC during the dip.

Spot BTC & ETH ETFs recorded a huge $40 billion week of volume—structural demand remains strong even amid short-term volatility.

Why this happened (short):

Rapid profit-taking and crowded long positions met selling pressure — when leveraged longs break, forced liquidations can cascade and amplify the drop. Macro headlines and large-ticket trades also pushed momentum.

Is it a buy?

For traders: This is high-volatility turf. If you scalp or swing-trade, watch support levels, use tight stops, and size positions small.

For buyers/investors: Dollar-cost averaging or buying into proven support zones can work — but expect chop and plan for further retests. The ETF flows and reported accumulation show institutional demand still exists, which argues against a long bearish thesis.

Source & credit: GoodReturns (reporting CoinDCX analysis), Aug 18, 2025.

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