Bitcoin price drop below $109,000 triggered roughly 200,000 trader liquidations totaling over $900 million, erasing gains since the Fed Chair’s Jackson Hole remarks and pushing total crypto market capitalization back below $4 trillion.
-
Key driver: large BTC sell-off
-
About 200,000 traders liquidated; most were long positions, per CoinGlass data (plain text).
-
Market cap fell to ~$3.84 trillion, a $200 billion retreat from last week’s highs.
Bitcoin price drop: BTC fell below $109,000, triggering $900M+ in liquidations — read analysis and next steps for traders. Stay informed with COINOTAG.
What caused the Bitcoin price drop below $109,000?
Bitcoin price drop resulted from intensified selling after a large holder sold 24,000 BTC, combined with thinner weekend liquidity and profit-taking following Jackson Hole comments by the Fed Chair. This cascade triggered mass liquidations and a swift correction, erasing recent gains.
How many traders were liquidated and what was the scale of losses?
Roughly 200,000 traders were liquidated over 24 hours, with total liquidations exceeding $900 million, according to CoinGlass (plain text). The majority were long positions, amplifying downside pressure as stop-losses and margin calls executed across exchanges.
“Selling pressure intensified as a large holder offloaded 24,000 BTC, triggering a wave of liquidations,” said Rachael Lucas, crypto analyst at BTC Markets (plain text).
Why did Bitcoin erase gains after the Fed Chair’s Jackson Hole speech?
Markets initially priced in potential easing after Jerome Powell’s Jackson Hole remarks, lifting risk assets. When follow-through liquidity proved thin, profit-taking and a large BTC sale reversed sentiment quickly, causing the market to reassess the timing and certainty of rate cuts.
Is Ether holding up better than Bitcoin?
Ether (ETH) showed relative resilience, trading near $4,340 and staying above last week’s lows. While total crypto market cap fell to approximately $3.84 trillion, ETH’s downside was more contained than several altcoins such as SOL, DOGE, ADA, LINK, and SUI.
Frequently Asked Questions
How many traders were affected by the recent BTC liquidation event?
Approximately 200,000 traders were liquidated in the 24-hour period, with total liquidations surpassing $900 million according to CoinGlass (plain text), driven mainly by long position terminations.
What role did large BTC holders play in the sell-off?
A single large holder reportedly sold about 24,000 BTC, which intensified selling pressure and triggered cascading liquidations across leveraged positions, per market commentary.
Is this a short-term pause or the start of a deeper pullback?
It is too early to declare a trend reversal; analysts note liquidity conditions and macro signals as key determinants. Historical seasonality (September pullbacks) suggests heightened caution.
Key Takeaways
- Immediate impact: A large BTC sale and thin liquidity pushed BTC below $109,000, triggering mass liquidations.
- Market breadth: Total crypto market cap fell to about $3.84 trillion, with many altcoins suffering larger losses than ETH.
- Next steps: Monitor on-chain flows, funding rates, and exchange reserves; consider position sizing and risk controls.
Conclusion
Bitcoin’s rapid decline below $109,000 erased post-Jackson Hole gains and generated over $900 million in liquidations, highlighting how concentration and liquidity gaps can accelerate moves. Traders should prioritize risk management, track on-chain indicators, and watch macro signals for clearer direction. COINOTAG will continue monitoring developments and providing data-driven updates.
