Bitcoin Plunges: NFP, Trump, and Forced Liquidations Hit Crypto

Metaverse Planet August 2, 2025Last Updated: August 2, 2025

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Bitcoin accelerated its decline on Friday after sharp losses on Thursday, falling to $112,660, its lowest level since July 10.

Markets were under pressure from a cascade of negative developments, deepening the sell-off in cryptocurrencies. This intense pressure on Bitcoin affected not only crypto but also the broader financial markets. As the weekend approaches, the possibility of further declines cannot be ignored.

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Tariffs, Employment Data, Geopolitical Risks, and Liquidations Converge Against Bitcoin

A Bitcoin miner received a block reward on his own $180,000!

On Friday, the atmosphere in cryptocurrencies and the general markets deteriorated almost instantly. The first reason for this disruption was the US’s new customs tariffs, which were harsher than expected. The tariffs impacted more countries than anticipated, creating unease in global markets.

The US non-farm payroll (NFP) data also dampened market sentiment. Against an expected employment increase of 109,000, only 73,000 jobs were announced, while the previous month’s data was significantly revised downwards from 147,000 to just 14,000. Following this surprising data, former US President Donald Trump targeted the BLS (Bureau of Labor Statistics), the agency responsible for the figures. Trump accused the BLS of deliberately understating the numbers and fired the official responsible for employment data. This move further deepened the disappointment already caused by the data. The dismissal of public officials for statistics that did not align with political preferences began to seriously question the reliability of publicly released data.

Tensions were also high on the geopolitical front. In response to statements from former Russian President Dmitry Medvedev interpreted as threatening, Trump announced the deployment of two nuclear submarines to “appropriate regions.”

All these developments accelerated the outflows from Bitcoin ETFs, which had already exceeded $100 million on Thursday. On Friday, this figure surpassed $800 million, marking the worst day seen in weeks. Meanwhile, the mass liquidation of long positions in both spot and futures markets further deepened the decline.

Bitcoin’s Main Uptrend Holds Above This Level

Despite all the pressures, hope is not entirely lost. There are still signs supporting optimism for the BTC/USD pair on the technical analysis front. Specifically, Bitcoin’s long-term uptrend, visible as the green diagonal line in the chart below, continues to remain valid.

BTC is currently very close to a critical support level formed by its 50-day moving average (MA 50) at $111,960 and the previous peak of $112,000. The possibility of a bounce from these levels is on the table. However, overcoming the initial resistance zone at $115,000 seems difficult without a concrete trigger. On the other hand, a break below the $112,000 level could weaken the current positive outlook. It could push the price first to the psychological support of $110,000, and then towards the 100-day moving average (MA 100) located at $107,500.

While considering the recent drop as a buying opportunity is tempting, the low liquidity of the weekend could bring challenging trading conditions that require caution. Investors are still trying to digest yesterday’s developments. Until a more stable environment emerges, investors might consider turning to a new crypto project tightly linked to Bitcoin.

Investors Flock to BTC Layer-2 Presale Until Market Clears

Bitcoin Hyper, an innovative cryptocurrency project currently in presale, stands out with its Layer-2 based structure aimed at increasing scalability for the Bitcoin network. Unlike most presale projects, which are often based solely on speculation, Bitcoin Hyper distinguishes itself by having a concrete infrastructure and a clear use case.

The project has already garnered significant investor interest. Raising over $6 million in just a few weeks has created considerable market expectation. This interest also brings with it the possibility of a strong price increase on exchanges after the presale is completed.

Bitcoin Hyper attracts attention not only with its technical vision but also with the opportunities it offers investors. The project, which has a strong staking program, also provides an attractive option for users seeking passive income. All these elements have the potential to make Bitcoin Hyper one of the most talked-about crypto projects of 2025.