Bitcoin Plummets Below $110K: Could This $880M Liquidation Wave Signal the Next Massive Market Shakeup?

Bitcoin Plummets Below $110K: Could This $880M Liquidation Wave Signal the Next Massive Market Shakeup?

Is Bitcoin trying to remind us that what goes up must occasionally come down? On Monday, Bitcoin dipped below the $110,000 threshold for the first time since early July, wiping out gains made just days before and triggering a staggering $880 million in liquidations. It’s not just Bitcoin feeling the heat—Ethereum and a slew of altcoins took a hit as well, setting traders on edge with the historically dicey month of September looming. Could this be a moment to rethink strategies or simply another blip in the relentless crypto rollercoaster? Let’s dive into what’s behind this sharp pullback and what it might spell for the months ahead. LEARN MORE.


Bitcoin falls below $110K, sparking $880M in liquidations

BTC slid to $109.5K Monday, triggering widespread liquidations across ETH and altcoins, with traders bracing for a historically weak September.

Bitcoin falls below $110K, sparking $880M in liquidations

Key Takeaways

  • Bitcoin fell below $110K, triggering $880M in liquidations led by ETH and BTC longs.
  • With August closing down and September averaging nearly 4% losses, traders brace for another red month in Bitcoin.

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Bitcoin dropped more than 3% on Monday, falling below the $110,000 mark for the first time since early July and reaching a low of $109,450.

The move sparked over $880 million in liquidations in the past 24 hours, according to CoinGlass data, including $300 million from ETH longs and $180 million from BTC longs.

The decline erased all of Friday’s gains, which were fueled by Federal Reserve Chair Jerome Powell’s comments suggesting that rate cuts could be on the table at the Fed’s September meeting. Ethereum had reached a new all-time high above $4,869 on Friday and climbed near the $5K mark on Sunday, but by press time had slipped to around $4,350.

Altcoins were hit even harder. Solana plunged more than 8% on the day, XRP fell 6%, and smaller tokens like PENDLE, LDO, and PENGU recorded double-digit losses, with drops of up to 13%.

The downturn comes as August draws to a close, with traders eyeing September cautiously. Historically, the month has been one of the worst for Bitcoin. CoinGlass data shows BTC has closed red in eight of the past twelve Septembers, averaging a monthly loss of 3.77%.

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