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Crypto Market Plunges as Bitcoin Slides to Six Week Low, Ethereum Stays Resilient

Crypto Market Plunges as Bitcoin Slides to Six-Week Low, Ethereum Stays Resilient

$200 Billion wiped from crypto as whale selling sinks Bitcoin to $110,000 while Ethereum nears record highs on ETF inflows.

Written by Rahul Dhingra, Edited by David Delima | Updated: 26 August 2025 14:05 IST

Crypto Market Plunges as Bitcoin Slides to Six-Week Low, Ethereum Stays Resilient

Photo Credit: Unsplash/Michael Förtsch

Bitcoin dives to a 6-week low as Ethereum briefly touches record highs

Highlights

Bitcoin slumps to 6-week low near $110,000
Ethereum falls after a record high close to $4900
Whale moves trigger $550 Million in liquidations

The cryptocurrency market retreated on Tuesday, as Bitcoin dropped to $110,000 (roughly Rs. 92 lakh), a six-week low. For a brief time, Ethereum surged to a record high, closing in on $4,900 (approximately Rs 4.1 lakh) before taking a sharp downturn. It is currently trading at $4,400 (roughly Rs 3.8 lakh). On Indian exchanges, Bitcoin is currently valued at Rs 96.4 lakh, while Ethereum is at Rs 3.8 lakh. Analysts highlighted that whale-driven selling and massive liquidations were the key factors of a retreating crypto market.

Quick Drop Driven by a Whale Selling Off Around 24,000 BTC

Avinash Shekhar, Co-Founder and CEO of Pi42, said, “The $200 billion wipeout across crypto markets reflects how quickly sentiment can reverse. Bitcoin's drop to a 6-week low highlights the outsized impact of whale movements and shifting macro cues. Holding above key support levels will be critical now, especially as institutional interest remains a stabilizing force in the long term.”

CoinSwitch Markets Desk highlighted that, “Ethereum briefly peaked at an all-time high near $4,900, lifted by institutional demand and ETF flows. August has seen $2.5 billion in ETF inflows into Ether alone, even as Bitcoin funds suffered outflows. Despite its rally, ETH wasn't immune: a near 6 percent retreat from the peak underscores rising volatility and profit-taking, while derivatives data reveals elevated short interest amid a resilient long-term bullish narrative.”

Ethereum Price Hits All-Time High as Bitcoin Steadies Around $113,000

The sell-off also impacted altcoins on Tuesday. Solana, Cardano, and Dogecoin faced double-digit losses. The CoinDCX research team said: “Bitcoin breaks down below the crucial support at $110,000, posing a threat to the upcoming bullish cycle. With this, the top altcoins like Ethereum, XRP, Solana, Dogecoin, and Cardano experience a massive pullback.”

However, some analysts see signs of resilience. Edul Patel, Co-founder and CEO of Mudrex, said: “Bitcoin is trading at $110,000 as bulls attempt to regain control. Despite this, Bitcoin futures open interest climbed to an all-time high, up 13 percent from two weeks earlier. Institutions are buying the dip, accumulating about 3,081 BTC. On the downside, BTC could test the $105,000 support before a relief rally.”

While traders await Powell's next move and a possible rotation into Ethereum, analysts say the next few sessions could decide whether Bitcoin steadies or expects support at $105,000 (roughly Rs. 92.17 lakh).

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

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Further reading: Crypto, Cryptocurrency, Bitcoin, Ethereum, Dogecoin, Solana

Rahul Dhingra

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Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More