Bitcoin price slipped below $114,000 on August 21, 2025, pressured by ETF outflows and profit-taking. Critical support is identified at $108,600; a decisive break could target $100,000. Traders are viewing current levels as possible accumulation opportunities despite downside risks.
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Bitcoin fell under $114,000 on August 21, 2025, signaling renewed support tests.
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Analysts highlight $108,600 as the critical support level to watch for maintaining bull momentum.
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ETF outflows and Glassnode on-chain data indicate weaker demand at high prices and possible pressure toward $100,000 if support fails.
Bitcoin price drops below $114,000; critical support at $108,600 may dictate next move — read analysis and next steps from COINOTAG.
What caused Bitcoin to slip below $114,000?
Bitcoin price dipped below $114,000 on August 21, 2025, primarily due to ETF outflows and short-term profit-taking. On-chain metrics from Glassnode and market analysis show weaker demand at high price levels, driving sellers to realize gains and test nearby support around $108,600.
How critical is the $108,600 support level?
Analysts identify $108,600 as a key short-term support that maintains the bull market structure. If $108,600 holds, buyers could re-accumulate and stabilize price. A sustained break below this level could increase the probability of a move toward $100,000 or lower, based on historical realized-price zones and short-term holder behavior.
When could Bitcoin test $100,000?
If selling pressure persists and ETF outflows continue, Bitcoin could test $100,000 within weeks of a confirmed break below $108,600. Historical reaction times and liquidity absorption at lower price bands suggest such a decline would unfold over several sessions, not instantaneously.
How should traders assess support and accumulation zones?
Use on-chain metrics, exchange flow data, and realized-price levels to evaluate support. Combine short-term order book snapshots with longer-term realized-price bands to identify durable accumulation zones and avoid knee-jerk entries during high volatility.
| Metric | Level | Implication |
|---|---|---|
| Current price (close) | $114,000 | Short-term sell pressure |
| Critical support | $108,600 | Key hold for bull market momentum |
| Downside scenario | $100,000 (possible) | Marked decline if support fails |
Why do ETF flows matter for Bitcoin price?
ETF flows reflect institutional demand and liquidity. Net outflows can reduce bid-side liquidity and amplify volatility, especially when concentrated near recent highs. The recent period of ETF outflows coincided with profit-taking, compounding downward pressure.
What do on-chain indicators show?
Glassnode on-chain data signals weaker demand at above-current-price levels and lower accumulation by short-term holders. Short-term holder realized price levels historically act as pivot points; a breach can shift market psychology and increase selling velocity.
How can traders respond to the current Bitcoin pullback?
Follow a measured plan: assess support, size positions, and use staggered entries to manage risk. Prioritize risk management and avoid overleveraging during high volatility.
- Check confirmed support: watch $108,600 as the immediate line in the sand.
- Use staggered buys: DCA into positions rather than single large entries.
- Monitor ETF flows and on-chain demand metrics from data providers like Glassnode (mentioned as plain text).
- Set stop-losses based on individual risk tolerance and liquidity levels.
Frequently Asked Questions
Will Bitcoin fall to $100,000?
A fall to $100,000 is possible if $108,600 is decisively broken and selling pressure continues. Historical realized-price zones and on-chain metrics suggest that a sustained breach would increase the probability of testing lower bands.
Should I buy at current levels?
Consider staggered entries and risk management. Many market participants view current levels as accumulation opportunities, but prudent position sizing and monitoring of ETF flows and on-chain signals are essential.
Key Takeaways
- Immediate fact: Bitcoin dropped below $114,000 on August 21, 2025, amid ETF outflows and profit-taking.
- Critical level: $108,600 is the short-term support to watch; a break could target $100,000.
- Action: Use staggered buys, monitor on-chain demand metrics (Glassnode referenced as plain text), and set clear risk limits.
Conclusion
Bitcoin’s recent decline below $114,000 highlights fragile near-term support and the influence of ETF outflows on market liquidity. Support at $108,600 is pivotal; traders should combine on-chain data and flow metrics to inform entries. COINOTAG will monitor developments and update this analysis as new data emerges.
Published: 2025-08-21 — Updated: 2025-08-21 — Author: COINOTAG
