Bitcoin price slipped below $114,000 on August 21, 2025, pressured by ETF outflows and profit-taking. Critical support is identified at $108,600; a decisive break could target $100,000. Traders are viewing current levels as possible accumulation opportunities despite downside risks.
Bitcoin fell under $114,000 on August 21, 2025, signaling renewed support tests.
Analysts highlight $108,600 as the critical support level to watch for maintaining bull momentum.
ETF outflows and Glassnode on-chain data indicate weaker demand at high prices and possible pressure toward $100,000 if support fails.
Bitcoin price drops below $114,000; critical support at $108,600 may dictate next move — read analysis and next steps from COINOTAG.
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What caused Bitcoin to slip below $114,000?
Bitcoin price dipped below $114,000 on August 21, 2025, primarily due to ETF outflows and short-term profit-taking. On-chain metrics from Glassnode and market analysis show weaker demand at high price levels, driving sellers to realize gains and test nearby support around $108,600.
How critical is the $108,600 support level?
Analysts identify $108,600 as a key short-term support that maintains the bull market structure. If $108,600 holds, buyers could re-accumulate and stabilize price. A sustained break below this level could increase the probability of a move toward $100,000 or lower, based on historical realized-price zones and short-term holder behavior.
When could Bitcoin test $100,000?
If selling pressure persists and ETF outflows continue, Bitcoin could test $100,000 within weeks of a confirmed break below $108,600. Historical reaction times and liquidity absorption at lower price bands suggest such a decline would unfold over several sessions, not instantaneously.
How should traders assess support and accumulation zones?
Use on-chain metrics, exchange flow data, and realized-price levels to evaluate support. Combine short-term order book snapshots with longer-term realized-price bands to identify durable accumulation zones and avoid knee-jerk entries during high volatility.
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ETF flows reflect institutional demand and liquidity. Net outflows can reduce bid-side liquidity and amplify volatility, especially when concentrated near recent highs. The recent period of ETF outflows coincided with profit-taking, compounding downward pressure.
Glassnode on-chain data signals weaker demand at above-current-price levels and lower accumulation by short-term holders. Short-term holder realized price levels historically act as pivot points; a breach can shift market psychology and increase selling velocity.
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Source: https://en.coinotag.com/bitcoin-falls-below-114000-as-108600-support-is-tested-drop-toward-100000-remains-possible/