- Bitcoin price has dropped to lows of $110,956 as gains seen on Friday disappear.
- The downturn has accelerated amid the BTC sell-off and decline in dominance.
- Analysts say Bitcoin can extend losses below $110k amid wider fall.
Bitcoin’s downturn since the brief surge post Federal Reserve chair Jerome Powell’s speech at Jackson Hole on Friday has extended to below $111k.
The benchmark digital asset has slipped more than 3% to drop to lows of $110,956 across major exchanges, with BTC struggling as the bounce that followed Powell’s comments on cryptocurrency quickly fades.
Bitcoin’s dominance was also falling sharply, down to around 57%.
Analysts remain bullish, but could Bitcoin price drop below $110k and trigger further losses?
Bitcoin extends dip to $111k
Cryptocurrencies spiked on Friday as risk assets exploded amid comments by Powell that the central bank could consider cutting rates sooner.
However, the brief rally that followed the Jackson Hole economic symposium has since swiftly unravelled, with Bitcoin plummeting to touch lows of $110k.
On Aug. 22, BTC saw an intraday peak of $117k – up from lows of $113k earlier in the day.
According to QCP, the downturn to current prices comes as an early whale offloaded a substantial $2.7 billion in BTC.
This rapid sell-off has accelerated a dip in BTC dominance, which hovers around 57%.
Asia Colour – 25 Aug 25
1/ $BTC’s post-Jackson Hole bounce didn’t last long, with a ~$2.7bn early-holder sale during thin Sunday liquidity sparking a flash crash that wiped out $500m in leveraged positions within minutes.
— QCP (@QCPgroup) August 25, 2025
Meanwhile, Bitcoin’s weakness has been evidenced by a dip in spot exchange-traded funds (ETFs) flows, with six consecutive sessions of outflows putting bulls under pressure.
What next for BTC? Analysts’ take
Bitcoin’s long-term trajectory remains largely bullish, and a bounce to the all-time high above $124k is not an impossibility.
However, analysts at Glassnode are pointing to a short-term downside arc.
Particularly, all Bitcoin cohorts, with those in the 10- 100 BTC group biggest sellers, are in a distribution phase.
All $Bitcoin cohorts have now decisively moved into distribution, led by the 10–100 $BTC group….