Bitcoin (BTC) starts the last week of August far from all-time highs as traders become increasingly nervous.
-
A huge long liquidation event has brought $110,000 back into play as a new CME gap becomes a new hope for bulls.
-
Bitcoin whales are under scrutiny after a giant rotation from BTC into ETH.
-
Smaller hodlers remain in accumulation mode, analysis reveals, unlike whales.
-
The latest BTC price action has resulted in talk of the entire bull market now being over.
-
The Fed’s “preferred” inflation gauge is due again as markets double down on rate-cut bets.
BTC price weakness sparks talk of $100,000 retest
Bitcoin is back at multi-week lows as August nears its end — and market participants are busy drawing new BTC price targets.
Data from Cointelegraph Markets Pro and TradingView shows whipsaw BTC price action defining the market since Sunday’s flash volatility.
This took BTC/USD to $10,700 — its lowest levels since July 10 and a rude wake-up call for late longs.
Monitoring resource CoinGlass put 24-hour crypto long liquidations at $640 million at the time of writing.
Traders were split on the short-term outlook. While some eyed a retest of old all-time highs as a bounce point, others saw a more nuanced situation.
$110,000 target on this dip is near close. I would like to see this hit and then consolidate for the next run up pic.twitter.com/k1d8E0Qxmg
— Crypto Tony (@CryptoTony__) August 25, 2025
Popular trader Daan Crypto Trades flagged an “important retest” currently in progress.
“$BTC Opened up with a large CME gap today,” he noted, referring to the weekend gap in CME Group’s Bitcoin futures market.
“This is the largest we’ve seen in several weeks. We have been opening up with gaps pretty often and most of these have been filling on Monday/Tuesday.”
Fellow trader Jelle was among those seeing a trip to even lower levels.
“Bitcoin is still murdering leveraged traders around the range lows, and from the looks of it, the sharks are still hungry,” he warned.
“Would really prefer price holds this area, or we’ll fall back into the previous range which would open us up to another retest of $100k.”
CoinGlass exchange order-book data reveals little bid support in place immediately below price into the week’s…
Click Here to Read the Full Original Article at Cointelegraph.com News…