Key points:
Bitcoin decides to give up on its bull-market dreams as sellers take full control. Sad, really.
The notorious Bitcoin whale, who shorted BTC last week, keeps stacking its bet against Bitcoin’s price. This whale’s got guts-or maybe it just loves the chaos. 🐋
$107,000 is slowly creeping into the conversation as the next potential target. Hold on to your hats, folks!
Bitcoin (BTC) took a nosedive to multi-week lows after Tuesday’s Wall Street open, prompting traders to embrace their inner hermits and advise a low-risk strategy.
Bitcoin whale stays short BTC with $500 million
Data from CryptoMoon Markets Pro and TradingView revealed BTC/USD slipping more than 3% to revisit the infamous $110,000 mark. Oh, the drama!
With fresh volatility entering the mix, Bitcoin tested the patience of its loyal holders yet again, while rumors of market manipulation flew around like paper airplanes.
“Puke from the US market open led to another sweep of $110K which is still seeing passive buying & a bit more absorption of market selling,” trader Skew commented on X. Oh, and that puke? Yeah, that’s just a fancy term for a market drop. Classic.
“In perps we have shorts from earlier in the day taking profits.”
Meanwhile, all eyes were glued to the crypto whale who shorted the market just before Friday’s $20 billion liquidation cascade. Because why not cause a little chaos while you’re at it?
By Tuesday, their BTC short, with 10x leverage, was worth nearly half a billion dollars. Yep, you heard that right. Billion. 💸
The infamous Hyperliquid whale is back.
Last time
he shorted $700M BTC + $350M ETH, pocketing nearly $200M during the crash.
This time
he’s opened a $494M Bitcoin short at 10x leverage.
Entry: $115,288
Current price: $112,600
Unrealized profit: +$11.8M and climbing.
His…
– Justin Wu (@hackapreneur) October 14, 2025
Other risk assets weren’t exactly winning either, as US stocks opened in the red, and even gold, once a shiny hero, dropped from its latest all-time high of nearly $4,180 per ounce. Gold’s having a rough week too, huh?
Trader Roman advised his followers on X to avoid overexposure amidst this weak market structure heading toward $108,000. He’s basically saying, “Don’t bet the farm just yet, people!”
“Now we have a potential DB reversal with volume dropping on major support,” Roman said, showing a chart that could have been drawn by a toddler in a bad mood.
“My only issue is part of me believes we fill that wick from our liquidation cascade. I’d take low risk here.”
$107,000 coming next?
As for Keith Alan, the co-founder of trading resource Material Indicators, he’s thinking lower levels might be in store. Or maybe he’s just trying to make things more exciting. Who knows?
“$BTC is pushing down for a 4th support test at $109k, but I’m not convinced it will hold,” he tweeted on X. Sounds like a party pooper, huh?
“Technical support is stronger where the 200-Day SMA has confluence with the Q4/2025 Timescape Level at $107,100. If bulls lose that level, the yearly open could come into focus.”
Bitcoin’s yearly open is just below $93,500, and it’s been acting like that one friend who refuses to leave the party. It’s a key level that’s stuck around longer than most of us would’ve expected.
Earlier, CryptoMoon reported on various key support trendlines in play, including moving averages and the aggregate cost basis for short-term holders. But who’s really paying attention to that right now? 🍿
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2025-10-14 19:08