Important points:
-
With sellers firmly in control, Bitcoin has given up on the bull market rally.
-
The notorious Bitcoin whales who shorted Bitcoin last week continue to increase their bets on the downside of the Bitcoin price.
-
$107,000 is slowly emerging as a potential short-term goal.
Bitcoin (BTC) fell to multi-week lows after the start of Wall Street trading on Tuesday as traders encouraged a lower-risk approach.
Bitcoin whale remains $500 million short of BTC
BTC/USD fell more than 3% to retest $110,000, according to data from Cointelegraph Markets Pro and TradingView.
Bitcoin tested Hodler’s nerves for the second time in as many days amid fresh volatility amid allegations of market manipulation.
“The exhale from the US market open bought another $110,000, still seeing passive buying and absorbing a bit more market selling,” trader Skew wrote in his latest post on X.
“At Purps, we have shorts from earlier in the day to take profits.”
Attention has been focused on the actions of crypto whales who shorted the market just before Friday’s $20 billion liquidation cascade.
On Tuesday, 10x leveraged BTC shorts were worth nearly $500 million.
The infamous super liquid whale is back.
last time
He shorted $700 million BTC + $350 million ETH and made nearly $200 million during the crash.
At this time
He opened a $494 million Bitcoin short with 10x leverage.
Entry fee: $115,288
Current price: $112,600
Unrealized gains: +$11.8 million and rising.
His… pic.twitter.com/QxSThYpM8f
— Justin Wu (@hackapreneur) October 14, 2025
Other risk assets also struggled on the day, with U.S. stocks falling and gold falling from recent highs of nearly $4,180 an ounce.
Trader Roman then told his X followers to avoid overexposure amid the weak market structure heading towards $108,000.
“Volume is currently declining at the major support and a DB reversal is possible,” he wrote, alongside the lower timeframe price chart.
“My only issue is that part of me believes I can bury the wick from the liquidation cascade. I’m taking a low risk here.”
$107,000 next?
Meanwhile, Keith Allan, co-founder of Trading Resources Material Indicators, had a lower level in mind, considering his own data.
Related: $120,000 or the end of the bull market? 5 things to know about Bitcoin this week
“$BTC is pushed down towards the fourth support test at $109,000, but we are not convinced it will hold,” Post X admitted.
“Technical support is stronger if the 200-day SMA intersects with the Q4 2025 timescape level of $107,100. If the bulls lose that level, the annual open could come into focus.”
Bitcoin opened the year just below $93,500 and has formed an important level ever since.
Previously, Cointelegraph reported on various major ongoing support trend lines, including moving averages and total cost base for short-term holders.
This article does not contain investment advice or recommendations. All investment and trading moves involve risk and readers should conduct their own research when making decisions.