Bitcoin Crashes to $116K Today (July 25) — But Here’s Why Its Market Dominance Is Surging Again!
Jakarta, Pintu News – The price of Bitcoin is back in the spotlight today, July 25, 2025, after experiencing a sharp drop to $116,300. While this price correction surprised many investors, interestingly, Bitcoin’s market capitalization dominance showed signs of strengthening.
This phenomenon reflects the complex dynamics of the crypto market, where selling pressure is not always accompanied by a weakening position of Bitcoin against other digital assets.
Bitcoin Price Drops 2.05% in 24 Hours
As of July 25, 2025, Bitcoin was trading at $116,386, equivalent to IDR 1,897,899,042 — marking a 2.05% drop over the past 24 hours. Within this period, BTC hit its lowest point at the current level, while its highest price reached IDR 1,946,963,383.
According to CoinMarketCap, Bitcoin’s market capitalization now stands at around $2.31 trillion, with trading volume in the last 24 hours rising 21% to $80.03 billion.
Read also: 3 Cryptos Ready to Rally in Altseason!
Bitcoin is Set for a Price Surge
Data from Cointelegraph Markets Pro and TradingView (24/7) shows that BTC/USD dropped to a local low of $117,200 on Bitstamp. This drop managed to erase some of the bid liquidity on the exchange’s order book, but on that day, the market’s attention was on the ask price.
Data from monitoring source CoinGlass confirmed a buildup of liquidity above the spot price, which was driven by Wednesday’s drop below $118,000.
As Cointelegraph continues to report, this kind of liquidity cluster tends to have a “magnet” effect on prices, where late market participants are often trapped by sudden price movements up or down.
“Bitcoin liquidity is piling up on the upside,” Mister Crypto trader and investor said of the current conditions in a post on X.
“A big squeeze short is inevitable!”
Another trader, Crypto Rover, described this short squeeze scenario as the “obvious” next step.
Earlier in the day, trader Daan Crypto Trades stated that $120,000 and $115,000 are key price levels to watch.
“$BTC is still stuck in this range. Lots of positions on both sides now,” he said.
“Watch the liquidity cluster below $115K & $120K. I assume the price wants to break both levels at some point.”
Read also: BNB Price Hits All-Time High! 2021 Pattern Hints Altcoin Season is Coming Soon
BTC’s Dominance of Crypto Market Capitalization Strengthens Again
In a growing turnaround, altcoin momentum is showing signs of difficulty as Bitcoin begins to regain control of the overall crypto market capitalization.
BTC dominance rose 0.5% on July 24, continuing the recovery that was already in place after nearly reaching 60%.
Commenting on the relationship between Bitcoin and altcoins, trader and analyst Rekt Capital stated that Bitcoin is still maintaining a higher position.
“The altcoin market is reacting as if Bitcoin has broken out of its range. In fact, that hasn’t happened yet,” he said on Wednesday.
“In fact, Bitcoin is retesting the Lower High and Range Low as support levels. This testing process is ongoing.”
Previously, Cointelegraph reported that there was a capital rotation into altcoins as BTC price momentum shifted to consolidation.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Cointelegraph. Bitcoin due ‘massive short squeeze’ as BTC dominance bounces to 62%. Accessed on July 25, 2025
