Bitcoin’s brief dip below $110,000 in the past 24 hours triggered one of the heaviest liquidation rounds in recent times.

According to Coinglass data, crypto traders betting on the market lost $811.6 million, with more than 179,000 traders forced out of positions.

Speaking on this broad liquidation event, Sean Dawson, head of research at Derive.xyz, told CryptoSlate:

“This sharp move appears to be the result of overleveraged positioning, particularly following ETH’s recent run-up, and an overnight dip in the S&P 500, which weighed on risk assets more broadly.”

Notably, the most significant single liquidation came from a BTC-USDT order worth $39.2 million on HTX.

Long traders, those betting on a price increase, absorbed the bulk of the losses, giving up $699.5 million, while shorts lost $112.2 million. This skew toward longs suggests that traders misjudged the strength of the recent rally, leaving them vulnerable when the price pulled back.

Bitcoin accounted for the steepest losses, with traders losing over $270 million in a single day. On Aug. 25, Glassnode noted that over $150 million in long positions were wiped out, marking one of the largest flushes since December 2024.

Ethereum followed with $266 million in liquidations, also dominated by long bets. Other major assets, including Solana, Dogecoin, and XRP, saw additional drawdowns of $38.5 million, $18.8 million, and $17.3 million, respectively.

Bitcoin could dip to $100,000

Meanwhile, the significant liquidations have fed into growing bearish sentiment among market participants, according to data from Derive.xyz

Data from the crypto derivatives trading platform showed that crypto traders now see a 35% probability of Bitcoin falling to $100,000 before the end of September, and a 55% chance that Ethereum could retest $4,000.

Dawson explained that the 25-delta skew has turned negative for both BTC and ETH, meaning traders are paying more for downside protection than upside exposure.

According to him:

“This is the strongest demand for downside protection we’ve seen in two weeks. Traders appear to be bracing for potential retests of $4,000 for ETH and $100,000 for BTC.”

He further noted that macroeconomic headwinds and volatility are weighing on the outlook, resetting risk appetites across the market.

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The Bitcoin price, while still holding above $100,000, has not exactly inspired confidence in the crypto community recently. This comes as the digital asset failed to break above new all-time highs during last week’s rallies and, with the Israel-Iran conflict, saw a sharp plunge, erasing its weekly gains. Amid this, the bears have gained even more ground and are now more in control of the cryptocurrency’s price. Thus, the probability of a deep crash is heightened during this time.

Bitcoin Price Could Crash Below $90,000

In a TradingView post, pseudonymous crypto analyst MIRZA has called for a possible Bitcoin price crash that could send the market spiraling even more. The crypto analyst points to the rising weakness of the Bitcoin price and the formation of bearish patterns on its price chart.

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The first notable bearish development was the fact that the Bitcoin price had been unable to break above $111,000 despite coming close last week. Since this is where the resistance for the previous all-time high lies, it shows that there is still not enough strength in the digital asset to continue its ascent. The result of this was the decline that sent it back toward the $103,000 as bears took a stand once more.

This bearish drop suggests that the asset is now forming a potential double top or a lower high structure. Both of this are bad signs for any asset as it suggests that the upward momentum has ended and there is nowhere to go but down. This change in momentum toward the negative suggests that there could be a liquidity grab at lower levels.

The crypto analyst predicts that there is a possibility that the upward trend could continue if the Bitcoin price is able to break above $107,000 and maintain it. Otherwise, the Bitcoin price is expected to crash by more than 15%, pushing it below $90,000 and as low as $85,000 before a bottom is established.

BTC Bearish Sentiment Grows

MIRZA is not the only crypto analyst who has called a possible price crash for Bitcoin. RLinda, also took to the platform to share what she expects next for the largest cryptocurrency by market cap. She points out that the Israel-Iran conflict was the reason that the Bitcoin price lost its bullish trend and was trending back downward at this point.

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However, Bitcoin continues to hold support above $100,000 so far, which has shown some strength. As a result, the analyst explains that the BTC price could end up ranging between $102,500 and $106,200 for a while as a result. The end of this, however, could end up going two ways.

If Bitcoin breaks above $106,200, then it has a shot to rise above $110,000 again. However, if it loses the $102,500 support, then the next crash would send it toward $100,000 again.

Featured image from Dall.E, chart from TradingView.com

Crypto markets, like equities, reacted to mounting uncertainty, with any hopes of a near-term tariff concession fading fast ahead of a looming deadline.

Bitcoin dropped 5.6% to $75,523 while Ether slid 10.7% to $1,417. The broader cryptocurrency market also came under pressure, with total market capitalization falling 7.2% to $2.4t in the last 24 hours, despite scattered gains in some altcoins.

Investor confidence weakened further after the White House confirmed on April 8 that the US plans to raise tariffs on Chinese goods to 104%, following Beijing’s pledge to retaliate against the move.

Tariff Escalation Hits Stocks as Crypto Tracks Broader Market Moves

The tariff tensions rattled traditional markets as well. All three major US stock indices ended Tuesday in the red, with the S&P 500 closing below 5,000 for the first time in nearly a year.

“With Trump threatening a further 50% tariff on China and Beijing refusing to back down, sentiment could turn quickly,” Lukman Otunuga, senior market analyst at FXTM, said. “Markets are walking a tightrope — any escalation could see risk aversion return with full force.”

Since Trump unveiled the global tariff framework last Wednesday, S&P 500 companies have lost a staggering $5.8t in market value, marking the index’s worst four-day drop since its inception in the 1950s, according to LSEG data.

Trump’s shifting rhetoric has added to the volatility. He has described the new tariffs as “permanent,” yet simultaneously claims they are forcing leaders to seek negotiations. This mixed messaging has fueled uncertainty across global markets, leaving investors unsure of what comes next.

While cryptocurrencies are often seen as uncorrelated to traditional financial systems, recent trends suggest otherwise. In times of broad market stress, Bitcoin and Ether have increasingly mirrored the movement of tech stocks and broader indices. This correlation is particularly evident during risk-off periods when investors retreat from volatile assets across the board.

Inflation Report Adds to High-Stakes Week for Markets Under Pressure

Market participants are now turning their attention to Thursday’s US Consumer Price Index (CPI) report, which could further shape risk sentiment.

“A CPI reading above 3.4% could compound market concerns about persistent inflation,” said Marcin Kazmierczak, co-founder and COO of RedStone. Such an outcome may trigger another wave of equity and crypto selloffs as traders scale back expectations for near-term rate cuts, he added.

Conversely, a softer CPI reading, below 3.2%, could provide a brief reprieve, according to Kazmierczak. It might dampen inflation fears and cushion the blow from trade tensions, potentially lifting both equities and crypto.

Bitcoin, which held up better than Ether in recent days, could benefit from this scenario, bolstering views that its market behavior is beginning to diverge from traditional risk assets during episodes of macro uncertainty.

The post Bitcoin, Ether Extend Losses as Investors Brace for Prolonged Tariff Impact appeared first on Cryptonews.

Bitcoin (BTC) traded at just over $81,500 during Asian morning hours on Monday as the weekend slide saw major tokens lose momentum after last week’s brief rally.

XRP and Cardano’s ADA led losses among majors with a 5% drop in the past 24 hours, with Solana’s SOL, dogecoin (DOGE) and ether (ETH) down between 2%-3%.

The CoinDesk 20, a measure of the performance of the largest digital assets, is down 2.6%

Bitcoin ETFs saw weekly inflows of $196 million last week, according to SoSoValue, while ether ETFs witnessed net outflows of just over $8 million.

On Monday, global stock markets opened lower for the fourth consecutive day as investors braced themselves for President Donald Trump’s upcoming announcement of new tariffs, set to be revealed on Wednesday.

Hong Kong’s Hang Seng index was down 1.7% in the morning session, while the Nikkei 225 was down 3.8%, and Korea’s KOPSI index in the red by 3% as export-heavy economies worry about market access to the U.S.

Futures for U.S. and European stock indexes also fell. In contrast, safe-haven assets like gold reached an all-time high, and U.S. Treasury yields dropped due to increased demand.

Globally, portfolio managers are adopting cautious strategies, either reducing risk or avoiding large investments, unsettled by the impending “reciprocal tariffs” and their potential economic toll.

Elsewhere in crypto, data from Tokenomist.ai shows that $751.2 million in unlocks are scheduled this week, including SUI and DYDX, putting the weekly unlock cycle in the middle of the pack. Unlocks are scheduled to pick up in May, when roughly $4.4 billion (at current market prices) in tokens will be unlocked.