Bitcoin price prediction: BTC risks fourth daily decline amid whale sell-off
Bitcoin price has extended its weakness into Tuesday after three consecutive daily downcloses, raising the prospect of a fourth straight decline.
The sharp deterioration began on Monday when a Bitcoin whale offloaded 24,000 BTC worth more than $2.7 billion, triggering one of the largest long liquidation events since December 2024. Over $150 million in Bitcoin longs were wiped out, contributing to $930 million in total crypto market liquidations. The selloff dragged price to a seven-week low below $108,700 in early Asian trading on Tuesday.
Highlights
-Bitcoin drops below $108,700 after whale offloads $2.7B holdings.
-Bitcoin RSI hits three months low as fear and greed index slides further.
-Key demand zone above $107,500 may decide Bitcoin’s near term direction.
Bitcoin price decline on Monday, marked the first daily close below the 100-day exponential moving average since April, a break that often signals structural weakness in trend momentum. Compounding the pressure, Bitcoin’s daily RSI has now fallen beneath its lowest level in three months and is still lodged in bearish territory without yet reaching oversold conditions. This combination of structural breakdown and weakening momentum has fueled pessimism across the market.
Bitcoin price dynamic (May - August 2025). Source: Tradingview
Sentiment indicators are aligning with the technical weakness. Binance’s Bitcoin fear and greed index dropped to 43 on Tuesday, down from 50 a week earlier, reflecting the turn toward fear. Market participants are increasingly wary of further losses as technical supports weaken and liquidity-driven moves dominate.
BTC bounce to $110,000 lacks conviction as trading volume thins
During the European session on Tuesday, Bitcoin attempted a modest retracement, climbing back near $110,000 after buyers defended a daily demand zone. Yet volume analysis on the one-hour chart suggests this rebound lacks strong participation. Trading activity has thinned notably since the Asian session, leaving price compressed between demand support and the overhead resistance of the 100-day EMA at $110,850.
Unless a fresh catalyst emerges, this zone could trap Bitcoin in the near term. A decisive break beneath the demand zone’s lower boundary at $107,500 would likely expose the $100,000 psychological level, a threshold that could invite stronger volatility. On the other hand, any recovery attempt will face stiff resistance at the broken 100-day EMA, which now acts as a ceiling against upside momentum.
Overall, the combination of whale-driven selling, technical breakdowns, and thinning volume suggests Bitcoin remains vulnerable. The next sessions will hinge on whether demand at $107,500 can hold or whether sellers press toward the $100,000 mark.
Bitcoin extended its retracement from the $124,500 all-time high to touch an 11-day low. The decline triggered over $30M in long liquidations.
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