Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

$ 202 million in Long Liquidations Rock Bitcoin Market – What is the next step for BTC price?

2025-06-01

Hyperliquid Bitcoin Whale loses $ 100 million because the BTC price falls under $ 105k

2025-06-01

Ripple makes a fundamental statement about blockchain -transforming finances

2025-06-01
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Ripple makes a fundamental statement about blockchain -transforming finances

    2025-06-01

    VeChain wants to transform the supply chain from Amazon with confidential evidence

    2025-06-01

    Binance and Pakistan IT ministerie Rollen Blockchain Education Program out for 80,000 students

    2025-06-01

    Omnia -Protocol works together with Flare Networks to unlock more private and interoperable Web3 Future

    2025-06-01

    Hodooi and Ice Open Network are a powerful alliance for Web3 Social Expansion

    2025-05-31
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Humans leads $ 3,490,000 from the US government, various companies in bank fraud: Doj

    2025-06-01

    American authorities charge six people in connection with alleged $ 66,000,000 Food Stamp -Fraud schedule

    2025-05-31

    American authorities punish the Philippines-based company for alleged computer infrastructure for crypto pig breaking stop

    2025-05-30

    FBI is looking for victims who are connected to FunNull Pig Butching Crypto Investment SCAM

    2025-05-30

    JPMorgan Chase received a fine of $ 566,082 due to alleged not responding to regulator during the energy crisis

    2025-05-30
  • Analysis

    Hyperliquid Bitcoin Whale loses $ 100 million because the BTC price falls under $ 105k

    2025-06-01

    Bitcoin can go to the impending correction mode for ‘weeks and weeks’, according to analyst Willy Woo – here is why

    2025-06-01

    Cronos Tart Crypto Market Downtick on Friday as asset manager Canary Capital Files for CRO ETF

    2025-05-31

    XRP multi-time frame breakdown: here comes what is there

    2025-05-31

    XRP -Price risks crash under $ 2 if the correction holds, here is why

    2025-05-31
  • Learn

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Decoding Bitcoin’s Status After a 13% Price Drop
Bitcoin

Decoding Bitcoin’s Status After a 13% Price Drop

2023-08-18No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the author.

  • Bitcoin’s 13% price drop in the past day led to a dip in the overall crypto market cap.
  • Longs went down in a big way, with $373.37 million in positions liquidated.

The events of the past 24 hours shook the crypto market, with Bitcoin [BTC] experienced a 13% dip last day. This caused the king coin to briefly hit the $25k price zone before recovering to trade at $26.5k, as of going to press.


Read Bitcoin [BTC] Price Forecast 2023-24


According to CoinMarketCap, the global crypto market lost more than 6% of its market cap within the period. BTC’s market dominance also fell to 48.45%, representing a drop of 0.56% over the day.

With much speculation in the markets about BTC’s sudden price drop, investors and traders alike remained cautious as events unfolded.

Is the market dump coming?

Bitcoin BTC price chart on dark background with green and red price bars

Source: BTC/USDT on Trade View (4H)

BTC’s price chart over the four time frame showed significant consolidation around the $29.4k price zone. This was after the price rejection at the bearish order block (OB) between $29.8K and $30.3K.

With Bitcoin’s market structure turning bearish on the daily time frame in late July, short-term sellers have been preparing for a sustained downtrend.

Amid rising volatility, the Relative Strength Index (RSI) sank deep into the oversold zone, reaching 5.31 in the space of four hours. Similarly, there was a notable outflow of capital, causing the Chaikin Money Flow (CMF) to fall to -0.27, although it softened slightly to -0.18 at the time of writing.

See also  Bitcoin: Binance Moves 75,177 BTC – Is There a Big Selloff Coming?

Traders’ cautious approach could limit a price recovery for BTC as sellers continue to dominate the market. With a Fair Value Gap (FVG) between $25.1k and $26.5k, sellers could push for a retest of the $25.3k price zone before bulls can initiate a sustained rebound.

Longs broke en masse in the futures market

Source: Coinglass

The sharp drop in prices wiped out millions of long positions on several exchanges. Dates from Mint glass showed that $373.37 million worth of long positions were liquidated in the past 24 hours. This amounted to 74.8% of total $499 million liquidations within the period.


How much are 1,10,100 BTC worth today?


Similarly, during the same period, there was a spike in exchange inflows, per Sanitation. This highlighted the massive selling pressure that contributed to the price capitulation.

While the press price levels could be considered a decent buying opportunity, the bearish price action was something to watch with many active sellers still in the market.

Bitcoin BTC On-Chain Statistics

Source: Sentiment

Source link

Bitcoins Decoding Drop Price status
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 202 million in Long Liquidations Rock Bitcoin Market – What is the next step for BTC price?

2025-06-01

Hyperliquid Bitcoin Whale loses $ 100 million because the BTC price falls under $ 105k

2025-06-01

Why the 133k Bitcoin bet of MSTR in 2025 is not nearly over!

2025-06-01

Bitcoin is still bullish, only $ 200,000 of the table and $ 137,000 in sight

2025-06-01
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Crypto Analyst Predicts Steep Rally for Dogecoin, Calls DOGE Chart ‘Beautiful’ – Here Are His Goals

2023-11-09

Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

2025-05-20

Jil Sander, Maison Margiela and Marni Fashion Brands adopt authentication on the chain

2024-06-06
Editors Picks

Citizend partners with Arbitrum to enable decentralized project launches

2024-04-28

Spain has arrested the man who helped Ethereum developer Virgil Griffith enter North Korea

2023-12-01

The founder of BitMEX predicts that Bitcoin will go to $1 million under Trump

2024-11-12

Trump-themed memecoins carsh after the election – Here’s what’s happening

2024-11-08

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

$ 202 million in Long Liquidations Rock Bitcoin Market – What is the next step for BTC price?

Hyperliquid Bitcoin Whale loses $ 100 million because the BTC price falls under $ 105k

Ripple makes a fundamental statement about blockchain -transforming finances

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,191.120.39%
  • ethereumEthereum(ETH)$2,539.32-0.24%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.17-0.98%
  • binancecoinBNB(BNB)$657.47-0.08%
  • solanaSolana(SOL)$155.88-0.37%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1939210.14%
  • tronTRON(TRX)$0.2685510.66%
  • cardanoCardano(ADA)$0.68-0.42%
  • suiSui(SUI)$3.310.31%
  • hyperliquidHyperliquid(HYPE)$32.98-0.29%
  • chainlinkChainlink(LINK)$14.070.41%
  • avalanche-2Avalanche(AVAX)$20.89-0.23%
  • stellarStellar(XLM)$0.267507-0.04%
  • bitcoin-cashBitcoin Cash(BCH)$404.24-4.05%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-0.02%
  • the-open-networkToncoin(TON)$3.140.94%
  • shiba-inuShiba Inu(SHIB)$0.0000132.07%
  • hedera-hashgraphHedera(HBAR)$0.168755-0.21%
  • litecoinLitecoin(LTC)$88.130.45%
  • polkadotPolkadot(DOT)$4.08-0.69%
  • moneroMonero(XMR)$329.992.53%
  • bitget-tokenBitget Token(BGB)$4.75-0.12%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • daiDai(DAI)$1.000.02%
  • pepePepe(PEPE)$0.0000121.40%
  • piPi(PI)$0.640.69%
  • uniswapUniswap(UNI)$6.282.04%
  • aaveAave(AAVE)$252.771.07%
  • bittensorBittensor(TAO)$418.210.45%
  • aptosAptos(APT)$4.811.61%
  • okbOKB(OKB)$50.540.41%
  • nearNEAR Protocol(NEAR)$2.460.02%
  • crypto-com-chainCronos(CRO)$0.105079-1.40%
  • internet-computerInternet Computer(ICP)$4.982.05%
  • ondo-financeOndo(ONDO)$0.840.61%
  • ethereum-classicEthereum Classic(ETC)$17.060.06%
  • gatechain-tokenGateToken(GT)$19.320.08%
  • mantleMantle(MNT)$0.682.14%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.320.42%
  • kaspaKaspa(KAS)$0.085825-0.48%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2155611.19%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.024276-0.02%
  • render-tokenRender(RENDER)$3.92-0.07%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.771.26%
  • ethenaEthena(ENA)$0.3163514.03%
  • worldcoin-wldWorldcoin(WLD)$1.15-0.23%
  • filecoinFilecoin(FIL)$2.580.51%
  • bitcoinBitcoin(BTC)$105,191.120.39%
  • ethereumEthereum(ETH)$2,539.32-0.24%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.17-0.98%
  • binancecoinBNB(BNB)$657.47-0.08%
  • solanaSolana(SOL)$155.88-0.37%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1939210.14%
  • tronTRON(TRX)$0.2685510.66%
  • cardanoCardano(ADA)$0.68-0.42%
  • suiSui(SUI)$3.310.31%
  • hyperliquidHyperliquid(HYPE)$32.98-0.29%
  • chainlinkChainlink(LINK)$14.070.41%
  • avalanche-2Avalanche(AVAX)$20.89-0.23%
  • stellarStellar(XLM)$0.267507-0.04%
  • bitcoin-cashBitcoin Cash(BCH)$404.24-4.05%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-0.02%
  • the-open-networkToncoin(TON)$3.140.94%
  • shiba-inuShiba Inu(SHIB)$0.0000132.07%
  • hedera-hashgraphHedera(HBAR)$0.168755-0.21%
  • litecoinLitecoin(LTC)$88.130.45%
  • polkadotPolkadot(DOT)$4.08-0.69%
  • moneroMonero(XMR)$329.992.53%
  • bitget-tokenBitget Token(BGB)$4.75-0.12%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • daiDai(DAI)$1.000.02%
  • pepePepe(PEPE)$0.0000121.40%
  • piPi(PI)$0.640.69%
  • uniswapUniswap(UNI)$6.282.04%
  • aaveAave(AAVE)$252.771.07%
  • bittensorBittensor(TAO)$418.210.45%
  • aptosAptos(APT)$4.811.61%
  • okbOKB(OKB)$50.540.41%
  • nearNEAR Protocol(NEAR)$2.460.02%
  • crypto-com-chainCronos(CRO)$0.105079-1.40%
  • internet-computerInternet Computer(ICP)$4.982.05%
  • ondo-financeOndo(ONDO)$0.840.61%
  • ethereum-classicEthereum Classic(ETC)$17.060.06%
  • gatechain-tokenGateToken(GT)$19.320.08%
  • mantleMantle(MNT)$0.682.14%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.320.42%
  • kaspaKaspa(KAS)$0.085825-0.48%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2155611.19%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.024276-0.02%
  • render-tokenRender(RENDER)$3.92-0.07%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.771.26%
  • ethenaEthena(ENA)$0.3163514.03%
  • worldcoin-wldWorldcoin(WLD)$1.15-0.23%
  • filecoinFilecoin(FIL)$2.580.51%