2 days ago
Key points:
Bitcoin attempts a rebound into a clump of shorts arsenic marketplace expectations flip bearish connected BTC and altcoins.
Speculative ETH traders signifier the largest-ever leveraged abbreviated postion, per information from CME Group.
Crypto traders could beryllium de-risking up of the US Federal Reserve’s Jackson Hole symposium.
Bitcoin (BTC) returned to $116,000 aft Monday’s Wall Street unfastened arsenic bulls fought to acceptable disconnected a abbreviated squeeze.
BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBTC, ETH terms charts amusement shorts present astatine risk
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stemming overnight losses, which saw a retreat to adjacent $115,000.
The cross-crypto sell-off had liquidated astir $500 cardinal successful agelong positions successful 24 hours astatine the clip of writing, per information from CoinGlass.
Crypto liquidations (screenshot). Source: CoinGlassTraders, already wary of marketplace weakness, continued to forecast caller lows for Bitcoin and altcoins.
“This is astir apt the worst lawsuit script for $BTC now. It'll proceed to consolidate betwixt $112K-$120K successful Q3, portion alts volition caput higher,” fashionable trader BitBull wrote successful portion of his latest X analysis.
“We could adjacent spot a capitulation wick beneath $112K, conscionable similar we had a pump supra $124K.”
BTC/USDT one-day chart. Source: BitBull/XCrypto trader, expert and entrepreneur Michaël van de Poppe agreed.
“If Bitcoin doesn't interruption $116.8K, I presume we'll spot a expanse of the lows, and that's going to beryllium the infinitesimal that everyone says 'start of carnivore market', past you buy,” helium summarized.
BTC/USDT six-hour chart. Source: Michaël van de Poppe/XExchange bid books nevertheless revealed that galore traders held a much categorical presumption of short-term terms action.
Speculative Ether (ETH) traders, concern and trading assets Barchart noted connected the day, had present built the largest-ever leveraged abbreviated presumption connected the altcoin.
Speculators person present built the largest leveraged Ethereum $ETH abbreviated presumption successful past 🚨🚨 pic.twitter.com/CRKS2YgZAk
— Barchart (@Barchart) August 18, 2025Some saw the imaginable for a abbreviated compression to travel next, with X analytics accounts focusing connected some BTC and a “cluster” of ETH shorts.
CoinGlass confirmed that a cardinal abbreviated liquidation level for BTC/USD was astatine $116,500.
BTC liquidation heatmap. Source: CoinGlassJackson Hole tipped for Fed rate-cut hints
Considering the reasons for the drawdown, trading steadfast QCP Capital pointed to macroeconomic factors.
Related: Dip buyers ‘stopped the train,' 5 things to cognize successful Bitcoin this week
The US Federal Reserve’s yearly Jackson Hole symposium this week is simply a classical de-risking lawsuit for traders, it said, portion ostentation remains a blistery topic.
“Sideways commercialized seems likely, with dips adjacent 112k attracting buyers and rallies toward 120k gathering supply, astatine slightest until Friday erstwhile Fed Chair Jerome Powell takes the stage,” it forecast successful its latest “Asia Color” post.
“Thursday’s higher‑than‑expected PPI numbers (producer prices jumped 0.9% month‑on‑month against a 0.2% forecast) person analyzable the Fed’s argumentation framework, truthful the marketplace volition beryllium looking for hints connected the Fed’s reasoning up of its September argumentation meeting.”QCP added that Powell’s 2024 Jackson Hole speech had contained utile points for aboriginal argumentation easing.
This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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