Bitcoin Falls Below $114,000 as $108,600 Support Is Tested; Drop Toward $100,000 Remains Possible

• Bitcoin fell under $114,000 on August 21, 2025, signaling renewed support tests.

• Analysts highlight $108,600 as the critical support level to watch for maintaining bull momentum.

• 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.

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.

1. Check confirmed support: watch $108,600 as the immediate line in the sand.
2. Use staggered buys: DCA into positions rather than single large entries.
3. Monitor ETF flows and on-chain demand metrics from data providers like Glassnode (mentioned as plain text).
4. 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