Bitcoin and Ethereum Slip Amid Flash Crash Triggered by Whale Selloff
🔑 Key Takeaways A large "whale" offloaded 24,000 BTC , sparking a flash crash and pulling Bitcoin below $111,000. Ethereum and XRP also fell ~2.9% and ~2.6%, respectively, in a broader crypto downturn. Analysts link the crash to sudden profit-taking and breakdown below the 50-day moving average. 🗞 Main Story Over the weekend (August 24–25, 2025), the crypto markets turned sharply south. A whale dumped 24,000 BTC , triggering a panic sell-off that sent Bitcoin down ~2.8% to around $111,382—dropping below its 50-day moving average for the first time in weeks. Ethereum and XRP followed suit, declining ~2.9% and ~2.6%, respectively. This downturn contrasts sharply with Friday’s optimism, which had sparked significant gains based on potential Fed rate cut expectations. Analysts, including FxPro’s Alex Kuptsikevich, suggest that late-week rallying attracted new sellers who capitalized on elevated price levels. Concurrently, a liquidity shift was evident: with Bit...