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The crypto market entered in the last week of August, and the turbulence is still persistent, fueling the Bitcoin price downtrend. The token, which has created a new ATH of $124.4k at the beginning of the month, is now struggling at the month’s lowest point, concerning investors.
Bitcoin Price Dips Below $112K
Despite gaining a bullish stance on Powell’s Jackson Hole speech, the Bitcoin price came crashing down late Sunday. With a 2.5% drop over a 24-hour frame, BTC currently trades at $111.8k with $2.22T in market capitalization.
![Bitcoin price dips below $112.4k]()
- Source: CoinMarketCap, Bitcoin Price Chart
Even the major crypto market is following this correction, losing nearly 2% of its total market cap. ETH, SOL, and the rest of the altcoins are in a similar downtrend, suggesting investors’ cautious approach.
Notably, the previous week’s crypto headlines have not been entirely favorable for the market’s performance. Beginning with the FOMC Minutes and more, the token price crashed, but a few, like Jerome Powell’s Jackson Hole speech, temporarily saved the gains until it all came crashing down today.
Crypto Whale Sell-off Fuels Bitcoin Price Crash
Today, Bitcoin dipped again, and investors associated it with the Powell speech theory, adding market dips after the Jackson Hole event based on historical data. While this may be one of the reasons, the crypto whale sell-off fueled the actual downtrend, especially the Satoshi era ones.
SO WHY DID BITCOIN DUMP?
We warned you 3 days ago.
The classic pump & dump after every Powell Jackson Hole speech struck again! pic.twitter.com/laOPI8FWfZ
— Crypto Rover (@rovercrc) August 25, 2025
The prime whale is an individual who sold 24,000 BTC worth over $2.7B hours ago, crashing the Bitcoin price by $4k in just minutes. Moreover, $45B in market cap got lost due to this sell-off within minutes.
![Selling records of a OG Bitcoin whale]()
![Selling records of a OG Bitcoin whale]()
- Source: Bitcoin Archive, Crypto Whale Activity
Another OG is on BTC swap, where in the last 5 days they have deposited nearly $2.7B tokens to Hyperliquid for sale and have bought $2.2B spot, per Lookonchain.
Willy Woo, a crypto analyst, notes that these OG holders are behind the price crash as they bought BTC at $10 or even lower. However, at present, someone would need $110k or more to absorb the sales they are making. As a result, an upward move is harder.
Why is BTC moving up so slowly this cycle?
BTC supply is concentrated around OG whales who peaked their holdings in 2011 (orange and dark orange).
They bought their BTC at $10 or lower. It takes $110k+ of new capital to absorb each BTC they sell. pic.twitter.com/7CbWXsvX2l
— Willy Woo (@woonomic) August 24, 2025
While the impact is already disastrous, experts fear that much more similar action might take place in the future as well. Interestingly, BTC still has the largest dominance in the crypto space, and experts like Michael Saylor predict it to get a 30% surge YoY, but capital rotation is persistent at press time.
Due to this, even spot BTC ETFs witnessed $1.17B of outflows last week, the second-largest outflows since inception.
Frequently Asked Questions (FAQs)
Nearly $81 billion has been lost from the crypto market today due to a whale sell-off.
Powell slightly hinted at the possibility of a rate cut in the future, fueling BTC price.
Not only Bitcoin, its ETFs also suffered last week and saw $1.17B in net outflows, the second highest since inception.
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Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.
Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.
Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry.
When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
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