Bitcoin falls below 110,000 USD! Whale sells 2.6 billion USD, capital shifts to safe-haven mode.

Bitcoin (BTC) price has fallen below $110,000 for the first time in over six weeks, causing market turbulence. With rising macro uncertainty, large whale dumping, and capital rotation towards a risk-off mode, the crypto market's daily liquidation amount has exceeded $900 million, with major alts experiencing a widespread decline.

Bitcoin breaks key support, hitting a new low since July

On August 26, BTC is priced at $109,807, with a 24-hour fall of 3.25%, the lowest price since July 9.

On August 21, Federal Reserve Chairman Powell hinted at a possible interest rate cut during Jackson Hole, briefly driving BTC up to $117,000, but it quickly retraced.

BTC Markets analyst Rachael Lucas pointed out that this round of correction is driven by profit-taking, technical resistance, and changes in interest rate expectations, forming a "lower high" structure, indicating a weakening of upward momentum.

Whale dumping and political uncertainty intensify volatility

Whale dumping: A large holder sold 24,000 BTC (approximately 2.6 billion USD), triggering a chain liquidation in the derivatives market.

Political factors: U.S. President Trump announced the dismissal of Federal Reserve Board member Lisa Cook, raising market concerns about the political independence of the central bank.

Presto Research analyst Rick Maeda stated: "$105,000 is the key support level for the breakout zone in June, while $100,000 is a psychological barrier and an important options strike price. If it falls below, it will trigger forced deleveraging risks."

Hedging mode activated: alts lead the fall

On August 26, the price of Ethereum retraced to $4,421, having previously approached the historic high of $4,900.

Performance of other major alts:

Ripple (XRP): -4.8%, to 2.87 USD

Solana (SOL): -9.85%, to 187.7 USD

Lucas pointed out: "The capital that previously rotated between BTC and ETH is now shifting towards a broader de-risking strategy."

Funding flow data shows risk aversion sentiment

CoinShares Weekly Report: Last week, there was a capital outflow of $1.43 billion from crypto ETPs, ending two consecutive weeks of inflow.

Maeda added: The dumping speed of altcoins is faster than that of mainstream coins, and the inflow of stablecoins remains steady, indicating that funds are exiting risk assets rather than rotating within the crypto market.

Conclusion and Outlook

Bitcoin has fallen below 110,000 USD, which not only reflects technical pressure but is also a combined effect of macro uncertainty, Whale dumping, and rising risk aversion. In the short term, 105,000 USD will be a key support level, and if it is lost, the market may quickly test the psychological barrier of 100,000 USD. Until the macro environment becomes clearer, the upward space for the crypto market is likely to be limited.