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  • blockchain&beyond
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  • 20 Aug 25

Panic in Crypto Market Grows After Bitcoin Drops Below $113K – Santiment

Bitcoin fell to $112.600, sparking a surge of bearish sentiment on social media. Analysts see signs of past cycle repetition in the pullback.

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According to Santiment, social networks recorded the highest level of panic since June 22, when concerns about a potential war between Iran and Israel triggered mass sell-offs. Analysts link the current surge in bearish expectations to the drop in Bitcoin and the market’s inability to respond with growth.

Crowd Santiment After Bitcoin Fails to Bounce. Source: Santiment
Crowd Santiment After Bitcoin Fails to Bounce. Source: Santiment

Still, historically such periods of pessimism have created opportunities for asset accumulation.

CryptoQuant analyst CQ Ben pointed out that Bitcoin’s current behavior matches previous market cycles. In the last two bull cycles, major price declines began about 480 days after the halving. If the pattern repeats, he said, the pullback could last another 2 to 4 weeks, followed by a recovery and a new high by the end of September or early October (around the 510th day after the halving).

Earlier, VanEck analysts predicted BTC would rise to $180.000 by the end of the year.

According to Coinmarketcap, Bitcoin briefly fell to $112.600 over the past 24 hours, but then recovered slightly and at the time of publication was trading at $113.586. The daily decline was 1,36%.

Bitcoin (BTC) to USD Price Chart. Source: Coinmarketcap
Bitcoin (BTC) to USD Price Chart. Source: Coinmarketcap

Overall, the cryptocurrency market lost 1,42% over the last 24 hours. The fear and greed index dropped to 44, the lowest since June 22.

Tech and Mining Companies Lose Ground

Amid falling crypto prices, shares of digital companies plunged sharply. Stock of the largest institutional holder of BTC, MicroStrategy (MSTR), dropped 7,8% and closed at $336, the lowest since April 22.

SharpLink Gaming (SBET) and BitMine (BMNR), which work with Ethereum, fell by 8–9%. Companies focused on the Solana ecosystem, DeFi Development (DFDV) and Upexi (UPXI), lost 13,7% and 9% respectively.

Investment firm Galaxy (GLXY) declined 10%. Robinhood (HOOD) dropped 6,5%, while Coinbase (COIN) fell 5,8%. Among public miners, MARA Holdings (MARA) had the steepest drop, losing nearly 6%. High-capacity mining firms Bitdeer (BTDR), IREN (IREN), and Hut 8 (HUT) fell about 10%.

This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.

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