🚨 Bitcoin Plummets Below $113K — Flash Crash or Market Shakeout?
Bitcoin has suddenly dropped beneath the $113,000 mark, leaving traders stunned. So, what triggered this dramatic tumble? Let’s break it down ⬇️
📉 What Caused the Crash?
🔸 A major whale made waves by moving $4.8B worth of BTC—spooking the market and causing $450M in liquidations and around $3.5B in total losses.
🔸 $120K–$123K proved tough resistance. Bitcoin failed to break through, leading to downward pressure.
🔸 Global jitters hit—fresh U.S. tariff concerns shook confidence and prompted sell-offs.
🔸 Technical warning signs flashed: bearish divergence on RSI and NUPL suggested overbought conditions.
📊 Key Zone to Watch: $113.6K
Many analysts are eyeing this level as crucial support that could determine the next move.
✅ Why It Matters
It’s a reminder of how quickly crypto prices can unravel when heavy selling, macro fears, and weak signals collide.
📌 Trader’s Takeaway
• In the short term, watch for a recovery above $115K–$116K.
• Long-term holders might see buying potential if price dips into the $104K–$110K range — but only if fundamentals stay solid.
• Keep an eye on central bank updates and global trade headlines — they can make or break momentum.