The Bitcoin price chart has shifted from a complete bullish uptrend to corrections today. This sharp turn from ATHs to crash is indeed the result of the investors’ changing sentiments towards this digital asset and the broader market, as it witnessed extraordinary gains in the last few days. Now, this dip has raised questions around the BTC’s next step and why investors pushed it down.
Top Reasons Why Bitcoin Price is Going Down
Investors’ sentiments and trading activities are the strongest factors for the performance of a digital asset. The Bitcoin price is affected by the same, as the crypto market witnesses massive sell-off and profit-taking activities, especially among the larger whales.
The MPI, tracking miner outflows ratio to a one-year moving average, crossed 2, suggesting miners are selling their holdings, resulting in a correction. Exchange netflow also aligns with MPI reading, as CoinGape experts noted that a Satoshi-era Bitcoin wallet transferred 9,000 BTC on July 14, followed by another 7,843 BTC on July 15, 2025.
With nearly $2B worth of tokens transferred to Binance/ Bybit, a strong sell-side pressure formed.
- Source: CryptoQuant Bitcoin Exchange Netflow
The beginning of Crypto Week and other market key events like the release of US CPI, PPI, and other data also influenced the sell-off. As a result, BTC plummeted below the $118k support level, currently trading at $117.2k with $2.33T in market capitalization. Additionally, the liquidation of nearly $400M in long positions occurred within 4 hours.
- Source: CoinMarketCap, BTC Price Chart
In the last 24 hours, the total liquidation mark hit $500M, liquidating 130,573 traders. Besides, there’s also a technical context as the rally extended for days. The token is officially in the overbought territory, and MACD is showcasing a bullish crossover but slowing momentum.
Santiment also reported on July 14 that the speculations around the Bitcoin price crash are rising as investors await better entry points. Besides, there are signs of disbelief and trader fatigue, resulting in profit-taking and a crash today.
🤯 Bitcoin’s historic all-time high run now stands at just north of $123.2K with long-term investors and FOMO’ers getting rewarded with a +21% price surge in just 3 weeks.
Despite plenty itching to get in, there has been a common narrative growing that $BTC will fall down to… pic.twitter.com/29lPCHY8l8
— Santiment (@santimentfeed) July 14, 2025
Altcoin Rotation Challenges Bitcoin Price
With the semi-bullish conditions, the investors’ sentiments have officially entered the greed zone. The Altcoin Seasons Index surged nearly 45% over the week, and the speculation of Altseason increases, fueling the capital rotation from BTC to other digital assets.
Another prominent factor is Bitcoin dominance, which worked against the price rally. It has declined from a June high of 65.1% to 63.5%, confirming the shift. However, the altcoin season is still far, as Arthur Hayes and other experts cite it as a mini-season. Besides, the metrics aren’t enough to pump the Altseason but are enough to divert capital from BTC to others, affecting its price.
Overall, the whale sell-off and leverage unloading have resulted in the crash. However, experts like Crypto Express call it a pullback to fill the CME gap between 115,635 and 114,380 before igniting another massive rally.
Frequently Asked Questions (FAQs)
Whale’s BTC move triggers sell-off sentiments among investors, fueling the Bitcoin price crash.
Nearly $500M got liquidated today, affecting more than 130K traders.
Investor sentiments have shifted to altcoins due to a drop in BTC dominance and a rise in the Altseason index.
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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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