Bitcoin falls below $110K, sparking $880M in liquidations
Key Takeaways
- Bitcoin fell below $110K, triggering $880M in liquidations led by ETH and BTC longs.
- With August closing down and September averaging nearly 4% losses, traders brace for another red month in Bitcoin.
Bitcoin dropped more than 3% on Monday, falling below the $110,000 mark for the first time since early July and reaching a low of $109,450.
The move sparked over $880 million in liquidations in the past 24 hours, according to CoinGlass data, including $300 million from ETH longs and $180 million from BTC longs.
The decline erased all of Friday’s gains, which were fueled by Federal Reserve Chair Jerome Powell’s comments suggesting that rate cuts could be on the table at the Fed’s September meeting. Ethereum had reached a new all-time high above $4,869 on Friday and climbed near the $5K mark on Sunday, but by press time had slipped to around $4,350.
Altcoins were hit even harder. Solana plunged more than 8% on the day, XRP fell 6%, and smaller tokens like PENDLE, LDO, and PENGU recorded double-digit losses, with drops of up to 13%.
The downturn comes as August draws to a close, with traders eyeing September cautiously. Historically, the month has been one of the worst for Bitcoin. CoinGlass data shows BTC has closed red in eight of the past twelve Septembers, averaging a monthly loss of 3.77%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
This Week's Preview: Macro "Flood Release" Week—Delayed CPI and the Bank of Japan's "Rate Hike Pursuit"
Key global market data will be released this week, including the U.S. non-farm payroll report, CPI inflation data, and the Bank of Japan's interest rate decision, all of which will significantly impact market liquidity. Bitcoin prices are fluctuating due to macroeconomic factors, while institutions such as Coinbase and HashKey are striving to break through via innovation and public listings. Summary generated by Mars AI This summary was generated by the Mars AI model. Its accuracy and completeness are still being iteratively improved.

Weekly Hot Picks: The Fed Cuts Rates and Indirectly "Injects Liquidity"! Silver Replaces Gold as the New Favorite?
The Federal Reserve is cutting interest rates and starting bond purchases, while Japan and other regions may turn to rate hikes. Silver repeatedly hits record highs, SpaceX is set for a 1.5 trillion IPO, and Oracle becomes the litmus test for the AI bubble. The Russia-Ukraine peace process is stuck on territorial issues, the US seizes a Venezuelan oil tanker... What exciting market events did you miss this week?

Key Highlights to Watch at Solana Breakpoint 2025
How does Solana seize market share in an increasingly competitive landscape?

Crucial Alert: ZRO Leads This Week’s $100M+ Token Unlocks – What Investors Must Know