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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/20/2025

Suffocating Bitcoin Sell Pressure as the $105,000 Support Zone Gets Tested

The crypto market continues to swing sharply as Bitcoin falls to a two-week low, recording massive liquidations and a reversal in ETF flows. During the August 19 Wall Street trading session, Bitcoin (BTC) dropped sharply to near $113,500, its lowest level since the start of the month. Mounting sell pressure alongside a decline in U.S. equities rattled the crypto market. According to CoinGlass data, more than $100 million in long positions were liquidated within a single hour. Key support zone

Suffocating Bitcoin Sell Pressure as the $105,000 Support Zone Gets Tested

The crypto market continues to swing sharply as Bitcoin falls to a two-week low, recording massive liquidations and a reversal in ETF flows.

During the August 19 Wall Street trading session, Bitcoin (BTC) dropped sharply to near $113,500, its lowest level since the start of the month. Mounting sell pressure alongside a decline in U.S. equities rattled the crypto market. According to CoinGlass data, more than $100 million in long positions were liquidated within a single hour.

Key Support Zone: $107K–$110K

Analysts say the $107,000–$110,000 range is a critical support area. The 100-day simple moving average (SMA100) at $110,950 is seen as a line bulls must hold, while the SMA50 at $115,875 is the level they need to reclaim to restore upside momentum.

Notably, data from Material Indicators shows a liquidity cluster worth roughly $25 million placed around $105,000, widely viewed as a "plunge protection" buffer shielding the market from a deeper drawdown. Analysts warn, however, that this order could be pulled at any moment if the downtrend continues.

Bitcoin ETFs: From Tailwind to Headwind

As on-chain signals weaken, ETF flows — long considered a key growth driver for BTC — have unexpectedly reversed. According to Farside Investors data, U.S. spot Bitcoin ETFs recorded net outflows of $121 million on August 19. Notably, BlackRock's iShares Bitcoin Trust (IBIT) logged its first outflow since August 5.

The Market Enters a Testing Phase

The sharp price decline paired with rising sell pressure signals that profit-taking sentiment is in control. Observers note that in the near term, the staying power of institutional flows alongside renewed confidence from both spot and derivatives markets will determine whether Bitcoin can quickly stabilize and regain its uptrend — or whether a deeper correction lies ahead.

Given current conditions, Bitcoin is entering a true "trial by fire," where the balance between ETF flows, market liquidity, and investor sentiment will decide the next direction for the world's largest cryptocurrency.