From August 1 to 3, 2025, Bitcoin's price significantly dropped below $113,000 due to whale sell-offs and global economic instability.
Reasons for Bitcoin's Price Drop
Bitcoin's price fell below $113,000 driven by macroeconomic turbulence and large-scale sell-offs by 'whales.' Approximately 80,000 BTC were sold during this period.
Market Impact and Liquidations
The drastic price decline led to liquidations exceeding $1 billion in a single day, significantly impacting Bitcoin and Ethereum, while Bitcoin's dominance increased amid heavier losses in altcoins.
Market Outlook
Economists pointed to new US tariffs as a contributing factor to existing uncertainty. Analysis suggests the current dip may be more of a technical correction than a panic sell-off. Despite the challenges, an improvement in market conditions is anticipated.
Recent events highlight the volatility present in the cryptocurrency market, alongside the necessity for careful analysis of macroeconomic factors and the actions of major investors.
