- Bitcoin worth has dropped to lows of $110,956 as beneficial properties seen on Friday disappear.
- The downturn has accelerated amid the BTC sell-off and decline in dominance.
- Analysts say Bitcoin can lengthen losses under $110k amid wider fall.
Bitcoin’s downturn because the transient surge submit Federal Reserve chair Jerome Powell’s speech at Jackson Gap on Friday has prolonged to under $111k.
The benchmark digital asset has slipped greater than 3% to drop to lows of $110,956 throughout main exchanges, with BTC struggling because the bounce that adopted Powell’s feedback on cryptocurrency shortly fades.
Bitcoin’s dominance was additionally falling sharply, all the way down to round 57%.
Analysts stay bullish, however might Bitcoin worth drop under $110k and set off additional losses?
Bitcoin extends dip to $111k
Cryptocurrencies spiked on Friday as risk assets exploded amid feedback by Powell that the central financial institution might think about chopping charges sooner.
Nevertheless, the transient rally that adopted the Jackson Gap financial symposium has since swiftly unravelled, with Bitcoin plummeting to the touch lows of $110k.
On Aug. 22, BTC noticed an intraday peak of $117k – up from lows of $113k earlier within the day.
In response to QCP, the downturn to present costs comes as an early whale offloaded a considerable $2.7 billion in BTC.
This fast sell-off has accelerated a dip in BTC dominance, which hovers round 57%.
Asia Color – 25 Aug 25
1/ $BTC’s post-Jackson Gap bounce didn’t final lengthy, with a ~$2.7bn early-holder sale throughout skinny Sunday liquidity sparking a flash crash that worn out $500m in leveraged positions inside minutes.
— QCP (@QCPgroup) August 25, 2025
In the meantime, Bitcoin’s weak spot has been evidenced by a dip in spot exchange-traded funds (ETFs) flows, with six consecutive classes of outflows placing bulls underneath stress.
What subsequent for BTC? Analysts’ take
Bitcoin’s long-term trajectory stays largely bullish, and a bounce to the all-time excessive above $124k is just not an impossibility.
Nevertheless, analysts at Glassnode are pointing to a short-term draw back arc.
Significantly, all Bitcoin cohorts, with these within the 10- 100 BTC group largest sellers, are in a distribution section.
All $Bitcoin cohorts have now decisively moved into distribution, led by the ten–100 $BTC group. The uniformity throughout cohorts highlights broad sell-side stress rising available in the market. pic.twitter.com/zVZkaPN2Tf
— glassnode (@glassnode) August 25, 2025
Elevated promoting could possibly be unhealthy information for bulls as a breakdown under $110k might ensue.
However regardless of this outlook, analysts at QCP Group preserve that Bitcoin is bullish.
The analysts say that regardless of the present sell-off, patrons can simply take in the stress as occurred in July.
With BTC dominance slipping, it’s Ethereum which will profit, the analysts mentioned.
“BTC dominance slipped from 60% to 57%. Nonetheless above the sub-50% ranges of 2021, however sufficient to gasoline hypothesis that whales count on $ETH to outperform, particularly if ETH staking ETFs safe approval later this yr,” QCP famous.
Bitcoin worth at present hovers round $111,200, bouncing off lows final seen in early July. Traders shall be watching that $110k degree in addition to broader market circumstances.