Key points:
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Bitcoin gives up on its bull-market rebound as sellers stay firmly in control.
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The infamous Bitcoin whale, who shorted BTC last week, continues to add to its BTC price downside bet.
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$107,000 is slowly emerging as a potential near-term target.
Bitcoin (BTC) fell back to multi-week lows after Tuesday’s Wall Street open as traders advised a low-risk approach.
Bitcoin whale stays short BTC with $500 million
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping over 3% to retest $110,000.
Amid fresh volatility, Bitcoin tested hodlers’ nerves for a second time in several days as suspicions of market manipulation continued to swirl.
“Puke from the US market open led to another sweep of $110K which is still seeing passive buying & a bit more absorption of market selling,” trader Skew wrote in his latest post on X.
“In perps we have shorts from earlier in the day taking profits.”
Attention stayed focused on the actions of a crypto whale who shorted the market just before Friday’s $20 billion liquidation cascade.
On Tuesday, their BTC short with 10x leverage was worth nearly half a billion dollars.
The infamous Hyperliquid whale is back.
Last time
he shorted $700M BTC + $350M ETH, pocketing nearly $200M during the crash.
This time
he’s opened a $494M Bitcoin short at 10x leverage.
Entry: $115,288
Current price: $112,600
Unrealized profit: +$11.8M and climbing.
His… pic.twitter.com/QxSThYpM8f
— Justin Wu (@hackapreneur) October 14, 2025
Other risk assets also struggled on the day, with US stocks opening down and gold dropping from its latest all-time high of nearly $4,180 per ounce.
Continuing, trader Roman told X followers to avoid overexposure amid weak market structure on the way to $108,000.
“Now we have a potential DB reversal with volume dropping on major support,” he wrote alongside a low-timeframe price chart.
“My only issue is part of me believes we fill that wick from our liquidation cascade. I’d take low risk here.”
$107,000 coming next?
Taking proprietary data into account, meanwhile, Keith Alan, co-founder of trading resource Material Indicators, had lower levels in mind.
Related: $120K or end of bull market? 5 things to know in Bitcoin this week
“$BTC is pushing down for a 4th support test at $109k, but I’m not convinced it will hold,” an X post admitted.
“Technical support is stronger where the 200-Day SMA has confluence with the Q4/2025 Timescape Level at $107,100. If bulls lose that level, the yearly open could come into focus.”
Bitcoin’s yearly open lies just below $93,500, and has formed a key level since.
Earlier, Cointelegraph reported on various key support trendlines in play, including moving averages and the aggregate cost basis for short-term holders.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.