BTC price to fill $117K CME gap? 5 things to know in Bitcoin this week

1 week ago

Bitcoin (BTC) starts a caller week successful an breathtaking spot arsenic terms enactment knocks connected caller all-time highs.

Bitcoin surges to $122,000, the latest motion that terms find is astir the corner.
Dip discussions absorption connected the weekend’s CME gap, which offers $117,000 arsenic a retracement target.
CPI and PPI are owed this week arsenic markets cement bets that the Federal Reserve volition chopped involvement rates adjacent month.
USDT transactions from whales suggest a deficiency of involvement successful profit-booking.
A reddish Coinbase Premium spells imaginable problems for Bitcoin during upcoming US trading sessions.

Bitcoin traders measure $122,000 play surge

Bitcoin terms enactment wasted nary clip boosting the bulls aft the play close.

A swift surge took BTC/USD beyond $122,000, and section highs of $122,312 connected Bitstamp came earlier a retracement began, per information from Cointelegraph Markets Pro and TradingView.

In doing so, Bitcoin liquidated implicit $100 cardinal successful abbreviated positions arsenic it took retired a partition of liquidity conscionable beneath all-time highs.

Data from monitoring assets CoinGlass present shows absorption being added astatine $123,000 and above.

Reacting, marketplace participants were relieved but cautious. BTC/USD, they argued, could good inclination backmost down to consolidate gains earlier attacking all-time highs.

“Bitcoin looks great, astir a caller all-time high. However, it's a play move,” crypto trader, expert and entrepreneur Michaël van de Poppe wrote successful a post connected X Monday.

“I would presume we'll spot immoderate tests connected little levels earlier we'll continue. Such a downwards trial = convulsive determination connected Altcoins = bargain the dip season.”

Eyeing wide leverage trends, meanwhile, fashionable trader BitBull had a bullish awesome that should widen acold beyond the existent conflict for terms discovery.

The ratio of leveraged futures to spot buying is circling lows not seen since the pit of Bitcoin’s past carnivore marketplace successful precocious 2022.

“That’s a uncommon signal,” helium summarized.

“It means this rally isn’t being propped up by leveraged longs that tin get wiped retired overnight. It’s being driven by spot demand, the benignant that tends to clasp done volatility.”

All eyes connected the caller Bitcoin CME gap

When it comes to a BTC terms dip, marketplace participants person 1 happening connected their mind.

The weekend’s determination up has created a new “gap” successful CME Group’s Bitcoin futures — and observers are keenly watching for signs that it volition get “filled.”

I hatred to beryllium that guy...

But we person a ample CME spread that opened up implicit the play - betwixt $117 & $119k.

Ideally we adjacent this soon. pic.twitter.com/fUr7K3huus

— Nic (@nicrypto) August 11, 2025

CME gaps are a classical diagnostic of the Bitcoin trading landscape, and recently, terms has circled backmost up oregon down arsenic required to capable them — often successful days oregon adjacent hours.

“Could spot a speedy capable determination this week - thing to support successful mind,” fashionable trader Jelle acknowledged, echoing sentiment from crossed the trading community.

Filling the latest spread wholly would instrumentality BTC/USD backmost to conscionable supra $117,200, a level already cardinal arsenic a resistance/support flip zone.

On Sunday, fashionable trader and expert Rekt Capital described the upcoming play adjacent arsenic “decisive” arsenic it determined the destiny of the $117,200 mark.

Last week, Rekt Capital focused connected reclaiming that level arsenic cardinal to the wide BTC terms betterment successful a “cycle of downside deviations.”

CPI headlines “crucial” US macro information week

The July prints of the US Consumer Price Index (CPI) and Producer Price Index (PPI) are owed this week, and markets are keen for argumentation signals.

Interest rates stay connected the docket for risk-asset traders amid continued pressure connected the Federal Reserve to enactment from President Donald Trump.

“This week’s ostentation information volition beryllium important arsenic markets look up to the September Fed meeting,” trading assets The Kobeissi Letter told X followers.

Current information from CME Group’s FedWatch Tool shows markets pricing successful a complaint chopped by the Fed adjacent month, with astir 90% odds, contrasting with the 57% fig from a period ago.

CPI itself is expected to travel successful somewhat higher than past period — thing which volition lend adjacent much value to a astonishment cooling, says BitBull.

“If CPI comes successful little than expected, the September complaint chopped volition beryllium confirmed. This volition assistance risk-on assets rally adjacent more,” helium explained successful an X post Monday, calling the information merchandise the week’s “biggest crypto event.”

“In lawsuit CPI comes successful higher than expected, complaint chopped probability volition spell down on with crypto prices. Given that the unemployment complaint has been going up lately, CPI is expected to travel lower, which volition beryllium bully for the markets.”

Various elder Fed officials volition instrumentality to the signifier alongside the data, perchance shedding further airy connected the mood.

Whales clasp disconnected connected selling BTC

For onchain analytics level CryptoQuant, 1 altcoin blockchain is worthy watching erstwhile it comes to Bitcoin terms reversal signals.

In 1 of its “Quicktake” blog posts connected Monday, contributor Amr Taha suggested that ample transfers of stablecoin Tether (USDT) connected TRON person coincided with BTC/USD corrections.

“When $10M+ transactions transcend $5B successful a day, it often signals large-scale profit-taking successful Bitcoin,” helium summarized.

A illustration shows regular wallet equilibrium changes for TRC-20 USDT wallets, with transactions worthy $10 cardinal oregon much of peculiar interest, these thought to beryllium to whales.

Taha offers 2 examples of the process astatine work. On July 16 and July 23, spikes successful whale USDT transactions preceded Bitcoin terms corrections of 4.5% and 3.8%, respectively.

Now, however, whales person yet to make an appetite to trim risk.

“Large USDT movements tin service arsenic an aboriginal informing for BTC corrections,” Taha concluded.

“Recent information indicates that the deficiency of $10M+ transactions suggests whales are not cashing retired into USDT.”

“Pump and dump” fears implicit reddish Coinbase Premium

Concerns implicit the spot of the BTC terms breakout are already going public.

For chap CryptoQuant contributor J. A. Maartunn, a imaginable occupation centers connected the largest US speech Coinbase.

The Coinbase Premium Index, which measures the quality successful BTC prices betwixt the Coinbase BTC/USD and Binance BTC/USDT pairs, is backmost successful antagonistic territory.

“Coinbase Pump & Dump?” helium queried connected X.

“Price jumped from $118K to $122K earlier contiguous arsenic investors piled in. But the Coinbase Premium Index flipped reddish close after.”

A “red” Premium suggests a deficiency of sustained involvement from Coinbase users, putting much unit connected the commencement of US TradFi trading hours to enactment higher prices.

Popular trader Roman, staying cautious arsenic the marketplace gained, meantime stressed that a deficiency of trading measurement had bearish implications for an emerging roar successful largest altcoin Ether (ETH).

As Cointelegraph reported, ETH/USD deed its highest levels since precocious 2021 implicit the weekend.

“Great to spot a interruption of ample absorption but 2 issues I spot are carnivore divs and debased volume,” Roman told X followers successful 1 of his latest posts.

“High Volume ALWAYS validates breakouts & I don’t spot it here. Wouldn’t astonishment maine if we went sideways/slight down earlier up.”

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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