{"id":6854,"date":"2025-08-30T18:13:09","date_gmt":"2025-08-30T18:13:09","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/bitcoin-hits-7-week-low-as-540-m-in-trades-wiped-out\/"},"modified":"2025-08-30T18:13:09","modified_gmt":"2025-08-30T18:13:09","slug":"bitcoin-hits-7-week-low-as-540-m-in-trades-wiped-out","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/bitcoin-hits-7-week-low-as-540-m-in-trades-wiped-out\/","title":{"rendered":"Bitcoin Hits 7-Week Low As $540-M In Trades Wiped Out"},"content":{"rendered":"

Bitcoin fell to its lowest levels since July 8 after Wall Street opened on Friday, with prices sliding and traders scrambling to reassess short-term plans.<\/p>\n

According to CoinGlass<\/a>, 24-hour crypto liquidations neared $540 million as selling pressure intensified on major exchanges.<\/p>\n

Whales And Exchange Distribution Pressure<\/h2>\n

Based on reports from market watchers, heavy selling by large holders helped push the drop. Distribution on Binance was highlighted by traders as a key factor that worsened losses.<\/p>\n

Bitcoin<\/a> lost nearly 5% on the day, and some large accounts were linked to the wave of sales that triggered stop orders and quick exits.<\/p>\n

\"\"<\/p>\n

Popular trader Daan Crypto Trades pointed to a \u201ckey reversal zone\u201d around recent ranges and consolidation levels.<\/p>\n

Some experts had similar price levels on his radar, noting that Bitcoin failed to turn $112,000 into support. Other voices in the market flagged $114,000 as an important weekly close threshold for bulls.<\/p>\n

\"\"<\/p>\n

Bullish RSI Divergence Keeps A Sliver Of Hope<\/h2>\n

Technical watchers found one bright spot. According to crypto commentator Javon Marks, the four-hour chart still shows a bullish RSI divergence<\/a> \u2014 a pattern where the RSI makes higher lows while price makes lower lows. That setup can hint at an early reversal.<\/p>\n

\n

$BTC<\/a> Good area to keep watching. Right on top of the previous range & consolidation area. https:\/\/t.co\/WEaG2IF6nV<\/a> pic.twitter.com\/Y7RftSqDio<\/a><\/p>\n

\u2014 Daan Crypto Trades (@DaanCrypto) August 29, 2025<\/a><\/p>\n<\/blockquote>\n

Marks argued Bitcoin could stage a rebound. He suggested a move back toward $123,000 is possible, which would be roughly a +14% jump from current levels. That projection is optimistic, and it rests on momentum flipping quickly in favor of buyers.<\/p>\n

Macro Data, Seasonal Weakness Add Headwinds<\/p>\n

Seasonality and macroeconomic data added pressure. September has historically been one of Bitcoin\u2019s weaker months, and investors were watching US inflation<\/a> readings closely.<\/p>\n

<\/p>\n

The Federal Reserve\u2019s preferred inflation measure<\/a>, the Personal Consumption Expenditures index, matched expectations and showed signs of an inflation rebound.<\/p>\n

Still, the CME Group\u2019s FedWatch Tool<\/a> showed markets pricing in rate cuts in September, a factor that could help risk assets like crypto if it holds.<\/p>\n

Range Bound For Now, Traders Watch $112,000\u2013$114,000<\/p>\n

Reports have disclosed that traders are focused on a narrow set of price markers. If Bitcoin can reclaim $112,000 and hold a weekly close above $114,000, bulls would gain breathing room.<\/p>\n

If those levels fail, more downside is possible and short-term traders could face further liquidations.<\/p>\n

For now, the market looks tight. Some technical signals point to a rebound, but macro data and big sellers are keeping the mood cautious.<\/p>\n

Traders and investors alike are watching both price action and economic prints closely as the US heads toward key data and the Fed decision window on Sept. 17.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin fell to its lowest levels since July 8 after Wall Street opened on Friday, with prices sliding and traders scrambling to reassess short-term plans. According to CoinGlass, 24-hour crypto liquidations neared $540 million as selling pressure intensified on major exchanges. Whales And Exchange Distribution Pressure Based on reports from market watchers, heavy selling by…<\/p>\n","protected":false},"author":1,"featured_media":6855,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[56,61,70,36,33,239,174,3372],"class_list":["post-6854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-cryptocurrency-market-news","tag-digital-currency","tag-etfs","tag-liquidations"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=6854"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/6855"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=6854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=6854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=6854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}