key points:
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Bitcoin has given up its bull-market rebound as sellers remain firmly in control.
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The notorious Bitcoin whale, who shorted BTC last week, has continued his bets on a decline in the BTC price.
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$107,000 is slowly emerging as a potential near-term target.
Bitcoin (BTC) fell to multi-week lows after the Wall Street open on Tuesday as traders advised a less risk-on outlook.
Bitcoin whale remains low on BTC with $500 million
Data from Cointelegraph Markets Pro and trading view Showed BTC/USD falling more than 3% to retest $110,000.
Amid fresh volatility, Bitcoin tested holders’ nerves for the second time in as many days as suspicions of market manipulation continued to swirl.
“The US market opened with another surge above $110K, with the market still seeing passive buying and slightly higher absorption of selling,” Trader Skew said. wrote In his latest post on X.
“At Purps we have had shorts taking profits from day one.”
Attention remained focused on the activities of crypto whales, who shorted the market just ahead of Friday’s $20 billion liquidation phase.
On Tuesday, his BTC short with 10x leverage was worth almost half a billion dollars.
The infamous hyperliquid whale is back.
last time
They shorted $700M BTC + $350M ETH, and withdrew approximately $200M during the crash.
this time
They opened a $494M Bitcoin short at 10x leverage.
Entry: $115,288
Current Price: $112,600
Unrealized profits: +$11.8 million and climbing.
His… pic.twitter.com/QxSThYpM8f
– Justin Wu (@hackapreneur) 14 October 2025
Other risk assets also struggled on the day, with US stocks opening lower and gold falling from its latest high of around $4,180 an ounce.
Continuing, merchant Roman told X followers should avoid overexposure amid weak market structure on the way to $108,000.
“We now have a potential DB reversal with declining volume at key support,” he wrote alongside a shorter-time-frame price chart.
“My only issue is that I believe we fill that wick with our liquidation waterfall. I would take less risk here.”
$107,000 coming next?
Meanwhile, with proprietary data in mind, Trading Resource Material Indicators co-founder Keith Allen had the lows in mind.
Connected: $120K or the end of the bull market? 5 things to know in Bitcoin this week
“$BTC is pushing for a fourth test of support at $109k, but I don’t believe it will hold,” an X post accepted,
“Technical support is stronger where the 200-day SMA confluences with the Q4/2025 Timescape level at $107,100. If bulls lose that level, the annual open may come into focus.”
Bitcoin started the year off just below $93,500, and has since formed an important level.
Earlier, Cointelegraph reported on various key support trendlines in play, including moving averages and the total cost basis for short-term holders.
This article does not constitute investment advice or recommendations. Every investing and trading move involves risk, and readers should do their own research when making decisions.
