“A Great Area for Savings”: Analyst Advises Buying Bitcoin (BTC) Amid Fall

• The whale sold 24,000 BTC worth $2.7 billion, causing the price to plummet by $4,000.
• Over $70 million in long positions were liquidated as BTC fell below $111k.
• Analysts believe that $111,000 is the main accumulation zone despite short-term weakness.

Bitcoin faced intense selling pressure on Sunday, with the world's largest cryptocurrency falling to $111,175, marking a daily drop of nearly 3%.

The sharp drop was caused by a whale selling 24,000 BTC worth around $2.7 billion in one of the biggest trades of the year. Despite the sale, the whale still holds a whopping 152,874 BTC worth over $17 billion.

Whale movements change market dynamics

According to on-chain analyst Suni, the organization liquidated its entire balance of 24,000 BTC by sending it to the trading platform Hyperunite.

🚨🚨🚨 This entity still holds a total of 152,874 BTC across all associated addresses, including 5,266 BTC in the address shown below.

The funds originally came from HTX about six years ago and had remained inactive until recent transactions involving one of their addresses… https://t.co/k9Z3Xmhz7E

—Sani | TimechainIndex.com (@SaniExp) August 24, 2025

Remarkably, the coins have been dormant for over five years. On Sunday alone, 12,000 BTC were sold, and the whale continues to sell.

Prominent Bitcoin commentator Willy Woo noted that many of these early whales accumulated BTC at prices below $10, meaning that it now requires over $110,000 in new capital to absorb every coin they sell.

The concentration of supply among long-term holders significantly slows down the growth of the Bitcoin price, especially during periods of large-scale distribution.

Liquidation Cascade and Market Reset

The whale-fueled sell-off coincided with a major liquidation of long positions in the Bitcoin derivatives market on Binance.

Analyst Amr Taha said long positions worth more than $70 million were wiped out when BTC fell below $111,000, triggering a cascade of forced selling.

The liquidation map showed that the liquid fund of less than $112,000 was virtually wiped out, leaving late buyers without support.

On Topic: Bitcoin (BTC) Price Prediction for August 24, 2025

As is often the case in derivatives markets, liquidations occur when over-leveraged traders fail to meet their margin calls. Exchanges force their positions to close with aggressive sell orders, creating what is known as a “long squeeze.”

The consequences have become clear: open interest has fallen sharply, and the total net trading volume on Binance has fallen to $1 billion. Despite the short-term difficulties, Bitcoin may be preparing for another rally in the near future.

Analyst highlights potential rebound zones

Michael van de Poppe, CIO of MN Fund, emphasized that the current correction in Bitcoin could provide serious accumulation opportunities.

His chart shows that BTC could dip below recent lows before forming a base for a bounce, labeling the $111k area as a “great area to accumulate positions.”

Source: Michael van de Poppe

With late long positions liquidated and excess leverage reduced, BTC now has room to reclaim critical resistance levels at $114,800 and $116,800.

Related: Anthony Pompliano Predicts Bitcoin Rally in September, Fueled by Oversold Signals, Q4 Trends

A successful breakout of these zones could reopen the path to $120,000 and potentially retest the all-time high liquidity zone around $123,000. On the other hand, a failure to hold $111,000 could expose Bitcoin to further declines to $103,000–$100,000.

Source: cryptonews.net