Bitcoin Stutters as Stock Market Soars- Why 112K Is Giving BTC So Much Trouble
Bitcoin suffers as whales sell off their coins, pushing the price below $111K and causing panic on the crypto market.
Quick overview
- Bitcoin briefly surpassed $112K before falling to $110,984 due to a significant sell-off by whales.
- A total of 115,000 bitcoins were dumped, marking the largest sell-off in years and causing a 1.21% decline for the day.
- Investors who purchased bitcoins after mid-July are facing losses, leading to concerns about a potential widespread sell-off.
- Current market conditions, including high inflation and better performance from Ethereum, are contributing to Bitcoin's struggle to break out of the $109-$112K range.
After slipping above $112K briefly, Bitcoin (BTC) has fallen to $110,984 (BTC/USD) amid a massive whale asset dump that has investors fearing for the coin’s performance this month.
The whales have sold off 115,000 bitcoins, which is the biggest dump of its kind in years. A dump estimated at around $112.7 billion has caused Bitcoin to slide, and it is now below $111K and still falling. The coin is down 1.21% for the day.
BTC/USDThat may not seem like much, but it comes on the heels of a climb back above $112K only hours before and demonstrates that Bitcoin is struggling to get out of its current range. The current trajectory could signal to more whales that it is time to dump Bitcoin for now.
The whales who dumped these coins bought up those same coins earlier in the year, in the period from April to August of 2025. These are relatively new purchases, and they show that investors are losing faith in Bitcoin’s ability to climb higher for now.
Bitcoin Investors Lose Out
If they bought those coins before the second week of July, they stand to make a profit, but if the coins were purchased almost any time after that, the investors would have lost out on their investment. Statistically speaking, at least some of those coins were bought when the price was higher than it is now, and that indicates that some investors are willing to sell high in order to avoid greater loss.
If that becomes a widespread sentiment for Bitcoin holders, the coin is in serious trouble. History would indicate that Bitcoin will not stay down for very long, but for now, the coin appears to have difficulty getting out of the $109-$112K range. Because of how tough this level has proven for Bitcoin to move past, we expect that even if the coin does surge soon, it will not stay high for long and will not go very far.
There is a lot of resistance holding Bitcoin back and keeping it from achieving a new record high. The recent jobs report did not help the situation, and inflation remains high. It also does not help Bitcoin that Ethereum (ETH) is performing better in recent weeks. The spotlight has started to shift away from Bitcoin as a result, and that places investors in a position where they have to decide which is the better investment for both the short term and the long term.
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