Bitcoin drops below 113,000 with a 2.65% decrease in 24 hour
CoinpediaMarkets
Updated at: 8 hours ago
{"content":"Bitcoin drops below 113,000 with a 2.65% decrease in 24 hours amid heavy selling pressure. 🔴
👉 Miners triggered $237M in $BTC liquidations, marking the largest sell-off since December 2024. Meanwhile, BTC ETFs saw $1.51B in outflows this week, and a whale offloaded 19,663 BTC (~$2.22B).
Technically, Bitcoin slipped under the $117,758 support (50% Fibonacci level), with the MACD histogram at -493.51 signaling bearish momentum. 👀
The price has now broken below the $113,927 support (78.6% Fib), there is possible retest at $111,409 (August 25 low).
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