- Bitcoin’s price has fallen to a low of $110,956 as the rally seen on Friday faded.
- The decline accelerated amid BTC sell-offs and a drop in dominance.
- Analysts say Bitcoin could extend losses below $110,000 amid broader weakness.
Bitcoin’s slide since a brief spike following Federal Reserve Chair Jerome Powell’s Jackson Hole remarks on Friday has pushed the cryptocurrency below $111,000.
The benchmark digital asset slipped more than 3%, reaching a low of $110,956 across major exchanges as the bounce that followed Powell’s comments quickly evaporated.
Bitcoin dominance also fell sharply, settling around 57%.
Analysts remain generally bullish on the longer-term outlook, but can Bitcoin fall under $110,000 and trigger further losses?
Bitcoin extends decline toward $111,000
Cryptocurrencies surged on Friday when risk assets rallied after Powell suggested the central bank might consider cutting rates sooner. However, that brief rally since the Jackson Hole symposium quickly unraveled, and Bitcoin tumbled to lows near $110,000.
On August 22, BTC saw an intraday peak near $117,000 — up from intraday lows around $113,000 earlier the same day.
QCP reported the current price drop followed an early-holder sale of roughly $2.7 billion in BTC.
The rapid sell-off accelerated the decline in BTC dominance, which is now around 57%.
Asia Colour – 25 Aug 25
1/ $BTC’s post-Jackson Hole bounce didn’t last long, with a ~$2.7bn early-holder sale during thin Sunday liquidity sparking a flash crash that wiped out $500m in leveraged positions within minutes.
— QCP (@QCPgroup) August 25, 2025
Meanwhile, weakness in Bitcoin has been reflected in spot exchange-traded fund (ETF) flows, with six consecutive sessions of outflows putting bulls under pressure.
What’s next for BTC? Analysts’ views
The long-term trajectory for Bitcoin remains largely bullish, and a rebound toward new all-time highs above $124,000 is still possible. That said, some analysts point to a short-term downtrend.
Glassnode highlights a shift toward distribution across cohorts.
Notably, all Bitcoin holder cohorts — led by the 10–100 BTC group of large sellers — have entered a distribution phase.
All $Bitcoin cohorts have now decisively moved into distribution, led by the 10–100 $BTC group. The uniformity across cohorts highlights broad sell-side pressure emerging in the market. pic.twitter.com/zVZkaPN2Tf
— glassnode (@glassnode) August 25, 2025
An increase in selling pressure could spell trouble for bulls, as a break below $110,000 may become more likely.
Despite the near-term risks, analysts at QCP Group maintain a bullish view on Bitcoin.
They argue that buyers could absorb the selling pressure as they did in July, and that a waning BTC dominance may benefit Ethereum.
“BTC dominance has slipped from 60% to 57%. It’s still above levels below 50% seen in 2021, but it is enough to spark speculation that whales expect ETH to outperform, especially if an ETH staking ETF wins approval later this year,” QCP noted.
Bitcoin is currently trading around $111,200, rebounding from lows last seen in early July. Market participants will be watching the $110,000 level and broader market conditions for signals on the next leg of the move.