Falling Bitcoin (BTC) value slips under $116K, leading to $600 million worth of market liquidations

Falling Bitcoin (BTC) value slips under $116K, leading to $600 million worth of market liquidations

In the dynamic world of cryptocurrencies, the market witnessed significant events last week, with Bitcoin leading the charge. Here's a rundown of the key happenings:

Bitcoin, the flagship cryptocurrency, accounted for $140.06 million of the liquidations, experiencing a 2.63% dip to $115,356. Ether followed suit with $104.76 million in long liquidations, falling 1.33% to $3,598. Dogecoin saw a 7% decline, erasing $26 million in long positions. Despite these setbacks, the Crypto Fear & Greed Index still registered a "Greed" score of 70, indicating positive market sentiment.

The total liquidations across the crypto market reached $731.93 million. Notably, Bitcoin's price fell below $116,000, resulting in over $585 million in long position liquidations. However, Bitcoin maintained support above key exponential moving averages, providing some reassurance for investors.

Looking ahead, predictions for Bitcoin's price by the end of 2025 vary but generally indicate strong growth potential from current levels. Estimates from expert panels and financial institutions forecast Bitcoin prices between approximately $135,000 and $200,000. Finder.com's June 2025 panel of 24 crypto experts averages a price of $145,167 at year-end 2025, with bullish highs reaching $162,353 and lows around $87,618. Cointelegraph analysis cites several technical analysts targeting $200,000 by the end of 2025, highlighting Bitcoin’s breakout from a multi-year price channel and potential for an "explosive" rally. Citi projects three scenarios: a base case of $135,000, a bullish case up to $199,000, and a bearish case at $64,000 depending on macroeconomic conditions.

Looking further ahead, experts see even more substantial growth with forecasts of Bitcoin reaching approximately $458,647 by 2030 and $1.02 million by 2035.

Several key factors are influencing Bitcoin’s market dynamics and price trajectory. These include supply and demand, institutional adoption, regulatory environment, technological innovation, and macroeconomic factors. Bitcoin’s fixed maximum supply of 21 million coins and its halving events create scarcity that historically drives price increases when demand rises. Increasing participation by institutional investors and companies recognising Bitcoin as a legitimate asset class is fueling demand and price appreciation. Regulatory developments worldwide play a critical role, with favourable regulations encouraging adoption and investment, while strict or uncertain policies may suppress demand and increase volatility. Improvements like the Lightning Network, which increase transaction speed and reduce costs, as well as ongoing development to enhance security and scalability, boost Bitcoin’s usability and attractiveness. Inflation, interest rates, geopolitical tensions, and fluctuations in the US Dollar impact Bitcoin markets, with a weakening US Dollar potentially contributing to Bitcoin price gains as investors seek alternative stores of value.

In the short term, Bitcoin's price structure continues to respect a bullish flag formation, with support existing at $118,500. The RSI sits at 48.88, suggesting room for growth without immediate overbought risks. The MACD indicator shows building strength in the bullish zone.

Notable figures in the industry have also weighed in on the future of other cryptocurrencies. Galaxy Digital CEO Michael Novogratz forecasted Ether to reach at least $4,000, while Tom Lee from Fundstrat Capital has a $200,000-$250,000 Bitcoin price target. The decline was attributed to a "pure leverage flush" by crypto trader Ash Crypto.

As of July 25, 2025, Bitcoin trades around $119,300. Bitfinex analysts suggested Bitcoin's next major target could be $136,000 if the uptrend continues, with stronger downside buffers lying at $117,200, aligning with the 76.4% Fibonacci retracement level. President Trump's recent endorsement of Bitcoin as "digital gold" added political legitimacy to the cryptocurrency.

In conclusion, while the crypto market experienced volatility last week, predictions for Bitcoin's price by the end of 2025 indicate strong growth potential. However, investors should remain vigilant as notable volatility and possible downturns remain risks in this forecast horizon.

1. Despite the setbacks last week, Bitcoin, a key player in the cryptocurrency market, is projected to show significant growth, with experts suggesting prices between $135,000 and $200,000 by the end of 2025.
2. Galaxy Digital CEO Michael Novogratz foresees Ethereum reaching at least $4,000, mirroring the bullish sentiments towards investing in cryptocurrencies.
3. In the dynamic world of finance and technology, Bitcoin's price structure continues to exhibit a bullish flag formation, signaling potential for ongoing growth, while regulators and technological innovations continue to shape the cryptocurrency market's future.

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