TDP #68: Bitcoin Dips Below $110k
See what's trending—before it happens.
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✍️ Editor’s note:
Unfortunately, this Friday isn’t a good day to end the week for crypto degens.
Bitcoin continues to plunge, now standing around $108,500. Despite surging earlier in August, BTC has dipped towards the end of the month.
What does this mean for the market, and are prediction traders concerned about BTC’s upside this year?
We’ll find out below.
— The Daily Prediction Team
Top Markets Today (August 29, 2025)
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By Volume
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Notable observation: In terms of trading activity, the top five markets remain almost stagnant since yesterday. But with the second half of the F1 season underway, we might see a continuous surge (albeit gradual) for the “F1 Drivers Champion” market.
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Notable observation: The “September Fed decision” market on Kalshi has breached the $10M mark in money at stake. Expect more of the same for this market as we near the September 16 Fed meeting.
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📉 Bitcoin Continues To Dip
The price action today saw Bitcoin slip below $110,000, then decline even further to $108,300.
It’s definitely not a good day for Bitcoin, especially with Ethereum and Solana attracting more inflows as we speak.
So, is BTC already attracting a bearish outlook in prediction markets? In the short-term, yes. At least on Polymarket.
Of course, it’s easy to be bearish if there’s less than an hour to resolve a market. So, let’s view this from a long-term perspective.
Kalshi traders are predicting BTC’s potential in 2025. The chart is all red, unfortunately.
Bitcoin is seeing red recently. Should we be concerned?
🔎 Current Bitcoin Snapshot
As of August 29, 2025, Bitcoin (BTC) is trading around $108,545.
Barron’s attributes Bitcoin’s dip to waning expectations of aggressive Fed rate cuts. Federal Reserve signals show mixed guidance, triggering caution among crypto investors.
They’re not the only ones pointing to the Fed rate uncertainty as a reason for Bitcoin’s plight.
Investopedia flags Bitcoin’s decline to around $110,000 amid broader market moves and anticipation of crucial U.S. inflation data ahead of the Fed’s September gathering.
Whales might also have a hand in this dip.
Moreover, CryptoRank reports a whale sold 24,000 BTC ($2.7B), triggering a major corrective move down to $108,890, one of the steepest drops in recent weeks.
Analysts are taking a cautious approach, too. 10x Research and other experts describe a price target of $200,000 in 2025 as "extremely unlikely," citing a slowdown in capital inflows, miner sell-offs, and seasonal patterns that make the third quarter a difficult period for Bitcoin.
Historically, Bitcoin has been susceptible to volatile price movements. However, this month's data suggests a new dynamic.
The market is showing a "mismatch between price and sentiment," with a drop in buyer-to-seller ratios even as the price holds.
What’s your take?
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