Bitcoin below $115,000, Ethereum at $4,200,$ : Whales Shake the Market

The cryptocurrency market experienced a significant correction overnight, sending major market caps like Bitcoin (BTC) and Ethereum (ETH) below key thresholds. Market analysis tools attribute this sudden movement to massive profit-taking by large holders.

Bitcoin drops below 115,000 $ after massive whale sell-offs, while retail traders step in as market activity intensifies.

Ethereum declines by more than 6% to $4,239, reflecting the liquidation pressure caused by whales, similar to that of Bitcoin during the overnight drop.

The crypto market suffers $350 million in liquidations, including $236 million on long positions, exacerbating the bearish momentum.

Analyst Michaël van de Poppe highlights 120,000 $ as a key breakout level for Bitcoin to regain bullish momentum.