Bitcoin hit hard: $112K is BTC’s last stand after $190 mln wipeout

Source: CryptoQuant

That surge was in tandem with BTC’s drop from $117K. Earlier in the month, during the rally of the 7th to 15th of September, outflows consistently outpaced inflows, supporting upside momentum.

Source: CryptoQuant

Now, the reverse is true.

Inflows remain elevated while outflows stay muted, so there’s a possibility of short-term risk unless accumulation trends pick up again.

Source: CryptoQuant

Binance alone saw $16 million liquidated, so traders were possibly in shock. At press time, BTC recovered slightly to $113K, but the scale of liquidations shows growing fragility.

Speedy deleveraging often increases volatility, leaving Bitcoin vulnerable to further downside if selling pressure continues or more liquidations are triggered.

Source: TradingView

On the upside, immediate resistance sat near $114.3K at the 20-day EMA, followed by $116K, where the recent breakdown began.

A break below $112K could open the path toward $110K and beyond, while reclaiming $114K would reduce downside pressure.

With volatility elevated, BTC’s next move depends on whether bulls can hold the $112K-113K range or risk another leg lower.