Bitcoin experienced a significant correction, falling below the $113,000 threshold, driven by large-scale whale liquidations and adverse macroeconomic developments.
Market observers reported substantial sell-offs by large holders, with approximately 80,000 BTC being liquidated. This concentrated selling pressure significantly accelerated Bitcoin’s downward trajectory and contributed to heightened market volatility across the cryptocurrency landscape.
The price decline was further exacerbated by external economic factors. Announcements concerning new U.S. tariffs impacted investor sentiment, adding to the selling pressure within the digital asset market.
Altcoins suffered disproportionately heavy losses during the sell-off, underscoring the intensified volatility and heightened risk aversion currently characterising the broader cryptocurrency market.