Bitcoin Takes a Plunge Below $108,000 Amidst Market Liquidations

Bitcoin’s price dropped below the $108,000 mark on August 30, 2025, driven by over $530 million in liquidations and significant whale sell-offs. Large institutional trades on exchanges like Binance added to the volatility, affecting other major crypto assets as well. The decline is leading to a shift in market sentiment that could ripple through various digital asset prices. 2020 and 2021 saw similar patterns of rapid volatility before market corrections. This latest downturn has triggered losses across the board, impacting ETH and SOL prices. Short-term holders are bearing the brunt of these losses. The crypto market is facing significant challenges in stabilizing. $530 million in liquidations and the critical support level of $108,000 represent key factors to watch. Analysts are observing strategic accumulation by long-term investors in response to this correction, but a broader sense of volatility lingers.