Bitcoin risks new $114K plunge as 'predatory' traders squeeze BTC longs

2 hours ago

Key points:

Bitcoin terms enactment stays little aft falling implicit 4% successful hours.
Liquidity is already recovering, with short-term volatility progressively apt arsenic a result.
BTC terms predictions spot a section bottommost forming astatine arsenic debased arsenic $114,000.

Bitcoin (BTC) struggled to reclaim $122,000 Wednesday arsenic speech users stake connected caller BTC terms volatility.

Bitcoin tracks sideways aft all-time precocious tumble

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating aft a snap 4.2% correction the time prior.

This had been broadly expected fixed successive all-time highs but an lack of superior upward momentum.

As Cointelegraph reported, rapidly expanding unfastened involvement (OI) connected derivatives markets had added to suspicions that Bitcoin could retrace a chunk of its caller upside.

“Very businesslike terms enactment tbh hence the debased volatility frankincense far,” fashionable trader Skew commented successful portion of an X post Tuesday arsenic the correction took shape.

Skew subsequently noted “predatory” behaviour by large-volume traders connected speech bid books.

Clear PvP -> Predatory terms enactment on-going present via binance marketplace connected $BTC

spoofing connected the inquire aka supra terms connected spot
spoofing connected the bid aka beneath terms connected perps

How the predatory strategy works?
Aim is to temporarily clasp oregon assistance terms via perps & past propulsion marketplace little by…

— Skew Δ (@52kskew) October 7, 2025

Overnight, however, liquidity began to travel backmost into the market, with information from CoinGlass showing thickening bid-side and ask-side liquidity astatine the clip of writing.

Skew suggested that a “consolidation range” whitethorn result.

BTC terms enactment puts $114,000 backmost successful focus

Others considered wherever BTC/USD could enactment successful a reliable section floor, informing that this whitethorn beryllium importantly beneath existent spot price.

“Between $121K–$120K determination isn’t overmuch support, which means terms tin chopped done rapidly if selling picks up,” fashionable trader ZYN reported connected X

“But conscionable below, astir $117K, astir 190K BTC were past bought. That’s a dense clump of caller buyers.”

ZYN utilized the outgo ground of caller buyers to foretell wherever request should enactment up price.

“If we get a pullback into that range, it’s the benignant of portion wherever request usually shows up beardown buyers defending their entries, caller superior stepping in. In short: anemic cushion astatine $121K, but a precise existent level forming astatine $117K,” helium concluded.

Using its proprietary trading signals, trading assets Material Indicators besides flagged $120,000 support, but said that a stronger instauration for a bounce lay astatine $114,000 — adjacent to Bitcoin’s 50-day elemental moving mean (SMA).

For crypto trader, expert and entrepreneur Michaël van de Poppe, the adjacent bargain portion extended down to $118,000.

“Bitcoin made a caller all-time high, which is often a notation for radical to beryllium taking profits,” helium reasoned.

“Slight pullback and we're approaching my idiosyncratic country of involvement for imaginable dip buying.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

View source