0&&s)if(o){var a,r=(a=e.newCount)>99;s.textContent=r?"99+":a+"",null===(n=s.parentElement)||void 0===n||n.classList.add(Jn)}else s.style.display="block"},f=function(){u.refreshPanel().then(m).then(te).catch((function(){}))};if(e.addEventListener("close-all-menus",(function(){ke(c)||d()})),c){f();var v=setInterval((function(){f()}),3e5);e.onDestroy((function(){clearInterval(v)})),o?l&&l.addEventListener("mouseenter",(function(){p(),null==n||n.show()})):c.addEventListener("mouseenter",(function(){p(),null==n||n.show()})),c.addEventListener("mouseleave",(function(){d(),null==n||n.hide()}))}e.addElementListener(i,"click",(function(){ee("ybar","notification","",{elm:"btn",elmt:"block"===(null==s?void 0:s.style.display)?"newalert":"",subsec:"notification",itc:"1"})})),a&&Se(e,a,"ybar","notification",{elm:"expand",subsec:"notifications",itc:"2"}),e.addElementListener(r,"focusin",(function(){i&&(i.checked=!0),null==r||r.classList.add("ybarMenuOpen")})),e.addElementListener(r,"focusout",d),e.addElementListener(t.tooltipContainer,"focusin",(function(){null==n||n.show()})),e.addElementListener(t.tooltipContainer,"focusout",(function(){null==n||n.hide()}));var y=e.getConfig().device,h=document.getElementById("ybar");h&&h.classList.contains("ybar-ytheme-crunch")&&(io=0);var b=new RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Amin AyanTue, Aug 26, 2025, 2:44 PM 3 min readBitcoin slide below $110,000 has exposed fragility in the market’s structure, with thin liquidity, leveraged positioning, and heavy ETF outflows amplifying the sell-off, according to Leo Zhao, Investment Director at MEXC Ventures.Key Takeaways:Bitcoin’s plunge below $110K was fueled by thin liquidity, liquidations, and whale sell-off.ETFs saw over $1B in outflows while investor rotation into Ethereum intensified, adding pressure on BTC.Analyst warns Bitcoin sits at a “critical inflexion point” near $100K–$120K.After briefly rising above $117,000 following Federal Reserve Chair Jerome Powell’s dovish Jackson Hole comments, momentum failed to hold.Zhao said the drop reflected “a combination of thinning liquidity, ETF repositioning, and heavy profit-taking from OG BTC holders.”More than $900 million in leveraged positions were liquidated, showing how stretched exposure had become before selling pressure intensified.One of the main triggers was the movement of 24,000 dormant Bitcoin onto exchanges, which Zhao said “cascaded through an already fragile order book” and helped spark a flash weekend crash.A recovery attempt early this week stalled at $113,000, signaling bears are seeking to cement control.Bitcoin exchange-traded funds, which had recently offered price support, recorded over $1 billion in outflows last week — their steepest since March. The reversal of what had been steady inflows removed a key stabilizing factor.At the same time, investor rotation into Ethereum has accelerated. ETH-linked products drew multi-billion-dollar inflows in August as the token outperformed Bitcoin, leaving BTC “temporarily lagging in the capital rotation cycle,” Zhao noted.On-chain data also showed realized profits collapsing toward breakeven, reinforcing fading market conviction.Short-term rebounds have so far been unsustainable, with traders focusing on downside protection and hedging strategies.Despite weak retail sentiment, Zhao said institutional and sovereign buyers remain active. These players have been scaling into positions during the pullback, extending exposure while retail demand softens.Bitcoin now sits at what Zhao described as a “critical inflexion point,” with two possible near-term paths: consolidation in the $110,000–$120,000 range or a break lower to test psychological support at $105,000–$100,000.“The absence of a fresh macro catalyst… is likely to drive BTC into a period of market consolidation as the market digests the recent distribution,” he said.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,474.50 -21.50 (-0.33%)Dow Futures45,604.00 -38.00 (-0.08%)Nasdaq Futures23,504.00 -124.75 (-0.53%)Russell 2000 Futures2,378.50 -1.20 (-0.05%)VIX14.85 +0.23 (+1.57%)Gold3,451.60 +3.00 (+0.09%)PortfolioSign in to access your portfolioSign inTop gainersMDB MongoDB, Inc. 295.70 +81.36 (+37.96%)SATS EchoStar Corporation 58.76 +7.89 (+15.51%)NCNO nCino, Inc. 32.69 +4.00 (+13.94%)LUMN Lumen Technologies, Inc. 5.27 +0.58 (+12.37%)PCT PureCycle Technologies, Inc. 14.86 +1.26 (+9.26%)Top losersTIGR UP Fintech Holding Limited 11.57 -1.25 (-9.75%)NEGG Newegg Commerce, Inc. 60.89 -6.14 (-9.16%)LI Li Auto Inc. 22.60 -2.05 (-8.32%)KNF Knife River Corporation 82.76 -7.39 (-8.20%)SMMT Summit Therapeutics Inc. 24.81 -2.17 (-8.06%)Most activeWBA Walgreens Boots Alliance, Inc. 11.98 +0.06 (+0.50%)OPEN Opendoor Technologies Inc. 4.0200 -0.6800 (-14.47%)NVDA NVIDIA Corporation 181.60 -0.17 (-0.09%)PSNYW Polestar Automotive Holding UK PLC 0.4700 +0.3100 (+193.75%)NIO NIO Inc. 6.34 -0.36 (-5.37%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNVDA NVIDIA Corporation 181.60 -0.17 (-0.09%)CRWD CrowdStrike Holdings, Inc. 422.61 +5.01 (+1.20%)SNOW Snowflake Inc. 200.39 +6.04 (+3.11%)LUMN Lumen Technologies, Inc. 5.27 +0.58 (+12.37%)CRWV CoreWeave, Inc. 96.93 +5.54 (+6.06%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.