BTC USD price steadied near $109,000 on Friday after US inflation data aligned with expectations, leaving sellers pressing support into the Wall Street open.

The move came as Elon Musk’s Grok AI maintained a call that September will likely close near current levels. 

The lack of surprise muted market reaction. Traders said the reading, though above the Fed’s target, still allows room for a possible October rate cut. 

That prospect helped limit downside but failed to spark fresh buying after a week of heavy liquidations.

Glassnode reported “another wave of long liquidations” when BTC dipped below $111,000 earlier in the session, calling the slide part of an ongoing deleveraging cycle.

Intraday, BTC stayed pinned near $109,000, with bears grinding through local support. 

Analysts flagged $107,000–$108,000 as the next test below and $112,000-$117,000 as resistance above, following what has been the largest deleveraging event of 2025 so far.

Bitcoin Price Prediction: Is BTC USD Entering Its Biggest Bear Market as MicroStrategy Faces Risk of Forced BTC Sales?

A crypto analyst has warned that Bitcoin may be entering its largest bear market to date, with MicroStrategy’s holdings at the center of concern.

The analysis points to Bitcoin trading in the mid-$80,000 range, below its estimated average cost basis. A chart shared alongside the warning outlines a path where prices could weaken further into 2026.

If Bitcoin fell toward $65,000 or even $45,000, the analyst suggests MicroStrategy could be forced to sell part of its 639,835 BTC stash.

The company, led by executive chairman Michael Saylor, has built the largest corporate Bitcoin treasury over the past four years. Its aggressive use of leverage has been both praised and questioned. 

With an average purchase price of nearly $70,000, extended losses below that level could place heavy pressure on its balance sheet.

The analyst said he had mentioned this scenario months earlier, arguing that leverage magnifies downside risks in a prolonged slump. 

Market observers added that any forced liquidation by MicroStrategy would not just hit its own finances but also shake confidence in Bitcoin as a corporate reserve asset.

For years, Saylor promoted Bitcoin as “digital gold,” framing it as a long-term hedge for institutional balance sheets. 

A deep correction could test that claim. While the projection remains speculative, it adds to unease among traders already wary after sharp retracements in recent sessions.

The key question now is whether MicroStrategy can withstand further price pressure or if its holdings could become the flashpoint for a broader downturn.

What Do Glassnode’s MVRV Pricing Bands Reveal About Bitcoin’s Risk Levels?

According to analyst Ali Martinez, Bitcoin’s price faces renewed pressure after on-chain data flagged $116,354 as the critical level to watch.

The model sets out several thresholds. The mean band sits at $94,334, while the-0.5σ deviation lies at $72,313. Martinez stressed that unless Bitcoin climbs back above $116,354, which acts as upper resistance, the coin risks sliding toward the mean at $94,334.

The analysis casts $116,354 as a pivot point: a recovery above it could revive bullish momentum, but rejection may deepen bearish sentiment. 

The warning comes amid heavy volatility, with traders digesting macro uncertainty and liquidation waves in derivatives markets.

Glassnode’s chart also shows Bitcoin’s realized price at $53,759, a marker that hints at the potential for a deeper correction if risk-off sentiment grows. 

For now, Martinez’s signal leaves traders focused on whether Bitcoin can hold the $100,000 region or risk slipping into lower valuation bands.

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