Why is Bitcoin (BTC) Price Plummeting Today? Find out! (1/9/25)

Jakarta, Pintu News – Last week, the price of Bitcoin (BTC) fell by around 4%. While high volatility is the norm for the cryptocurrency, the drop was still worrying for investors who had seen its price soar above $120,000 just two weeks earlier, only to fall back to $100,000.

Effect of Whale Buying and Selling

Last week’s Bitcoin (BTC) price drop was triggered by two main factors. The initial trigger was a sell-off by large Bitcoin (BTC) holders who have held onto their assets for a long time. According to on-chain analytics platform Lookonchain, these holders own more than 100,000 Bitcoin (BTC).

On Monday, they suddenly started selling their holdings on exchanges like Hyperliquid and switched to Ethereum (ETH). This sell-off lasted more than a day, causing the price of Bitcoin (BTC) to drop from around $114,000 to $108,600.

Also Read: Can Ripple (XRP) Make Investors Millionaires? Here Are the Prospects According to Analysts!

Impact of AI Stocks on the Broader Market

Just as the market was stabilizing and Bitcoin (BTC) was recovering, a new, unexpected threat emerged. Leading companies in the AI and data center sectors, which have been the driving force behind the US stock market’s rise all year, issued disappointing second-quarter financial reports.

The report highlighted issues of high debt and declining profitability. This decline in AI stocks caused the Nasdaq to drop 1.32%, the biggest decline since the drop triggered by employment data on August 1. As Bitcoin (BTC) has shown a high correlation with the Nasdaq since June, its price fell 3.72%.

Bitcoin (BTC) Outlook Going Forward

With Bitcoin (BTC) still in a volatile state, market predictions are divided. Some analysts remain optimistic, predicting a quick recovery, while others fear a further drop to the $100,000 level.

Many expect the price to find support around $107,000, but some pessimists warn of a deeper correction to $92,000 if the decline continues. This pessimism comes as Bitcoin (BTC) has recently been less mobile compared to Ethereum (ETH), which continues to gain market attention.

Conclusion

With the events of the past week, it is evident that the price of Bitcoin (BTC) is now more tied to global liquidity and the US market at large than its own internal drivers. Investors are advised to remain vigilant during this period of potential high volatility.

Also Read: 4 Interesting Facts Why 1 in 4 Brits are Interested in Crypto Investment for Retirement Funds

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. It Was a Tumultuous Week: What Drove the Price Drop. Accessed on September 1, 2025