According to the latest research report from crypto finance firm Matrixport, the US market has entered a new cycle of liquidity release. Matrixport: US Liquidity Cycle Restarts, Bitcoin Could Rise The report predicts that structural funding support could sustain the rise in Bitcoin and other risky assets, and that this trend could continue until 2026. Matrixport states that the current funding structure, credit environment and policy conditions in the US are sending positive signals, and these multiple factors could support asset prices upwards. The rapid growth in money market funds is particularly striking. According to data, US money market funds have increased from $3 trillion to $7.4 trillion since the fourth quarter of 2018. Annualized interest income reached $320 billion. Furthermore, the recovery in credit supply, the increase in commercial and industrial loans, and liquidity injections from fiscal stimulus are expected to continue to support Bitcoin. Matrixport emphasizes that increased lending activity and an expanding money supply in the US could increase investors' risk appetite, leading to greater capital flows into cryptocurrency markets. Analysts say that altcoins, along with Bitcoin, could benefit from this process, but market fluctuations should be closely monitored. This report suggests that the next two years could potentially be a strong bull period for crypto investors. *This is not investment advice. Continue Reading: Crypto Finance Company Matrixport Announces Structural Funding Support in the US Will Positively Impact Risky Assets! Details Here
BitcoinWorld Bitcoin Uptrend: Resilient Against US PPI Shocks The cryptocurrency world recently experienced a swift market reaction. News of the U.S. July Producer Price Index (US PPI) surging unexpectedly to 0.9% month-over-month triggered a momentary crypto pullback . Bitcoin, the leading digital asset, saw its price dip from $124,000 down to $117,000. However, this brief volatility does not diminish the underlying strength of the ongoing Bitcoin uptrend , which continues to capture global attention. Understanding the Recent Crypto Pullback and US PPI Impact What exactly caused this recent market tremor? The July US PPI data came in much higher than analysts expected. This index measures the average change over time in the selling prices received by domestic producers for their output. A higher-than-anticipated PPI often signals inflationary pressures, which can lead to a stronger U.S. dollar and rising bond yields. When the dollar strengthens and yields climb, traditional markets often see a shift in investor sentiment. This can sometimes draw capital away from riskier assets, including cryptocurrencies, leading to a temporary crypto pullback . For a short period, Bitcoin and other digital assets felt this pressure, reflecting the interconnectedness of global financial markets. Why the Bitcoin Uptrend Persists Despite Macro Headwinds Despite the recent dip, the broader Bitcoin uptrend that began in April remains firmly established. This resilience highlights the growing maturity of the crypto market . While macro-economic data like the US PPI can cause short-term fluctuations, the fundamental drivers for cryptocurrency adoption are stronger than ever. Several key factors underpin this sustained growth: Growing Corporate Adoption: More companies are integrating cryptocurrencies into their operations. This includes using digital assets for payments, managing treasury reserves, and exploring blockchain technology for various business solutions. Institutional Interest: Large financial institutions and corporations are increasingly allocating capital to digital assets, viewing them as legitimate components of a diversified portfolio. Speculative Activity: Continued interest from individual and professional traders adds liquidity and momentum to the market. This increasing corporate adoption signifies a long-term belief in the value and utility of digital currencies, suggesting that momentary market reactions are simply part of a larger, upward trajectory. Navigating the Crypto Market: Key Insights for Investors The recent events serve as a reminder that volatility is a natural characteristic of the crypto market . However, understanding the difference between short-term reactions and long-term trends is crucial for investors. The underlying strength of the Bitcoin uptrend is not easily swayed by single economic reports. Here are some actionable insights for those navigating this dynamic space: Stay Informed: Keep an eye on both crypto-specific news and broader macroeconomic indicators like the US PPI . Focus on Fundamentals: Look beyond daily price movements to the ongoing development, utility, and corporate adoption of blockchain technology. Long-Term Perspective: For many, cryptocurrencies are a long-term investment. Brief pullbacks can be opportunities for those with a strategic outlook. The benefits of participating in this evolving market include potential for significant returns and diversification. Challenges include inherent volatility and the evolving regulatory landscape. In conclusion, while the U.S. July Producer Price Index data sparked a brief crypto pullback , the overarching Bitcoin uptrend remains robust. This resilience is largely thanks to the accelerating pace of corporate adoption and growing institutional confidence in the digital asset space. The crypto market continues its journey towards broader integration into the global financial system, with short-term fluctuations serving as minor detours on a larger upward path. Frequently Asked Questions (FAQs) 1. What is the U.S. Producer Price Index (US PPI)? The US PPI measures the average change over time in the selling prices received by domestic producers for their output. It is a key indicator of inflation at the producer level. 2. How did the recent US PPI data affect the crypto market? The higher-than-expected US PPI data led to a brief crypto pullback as it strengthened the U.S. dollar and increased bond yields, prompting some investors to shift away from riskier assets like Bitcoin temporarily. 3. Is the Bitcoin uptrend still intact despite the pullback? Yes, the Bitcoin uptrend remains firmly intact. The recent dip was a short-term reaction to macro data, but fundamental drivers like increasing corporate adoption continue to support long-term growth. 4. What does “corporate adoption” mean for the crypto market? Corporate adoption refers to businesses integrating cryptocurrencies into their operations, such as using them for payments, managing treasury assets, or developing blockchain-based solutions, which signals increasing mainstream acceptance and utility. 5. What should investors consider during a crypto pullback? During a crypto pullback , investors should consider focusing on long-term fundamentals, staying informed about market drivers, and understanding that short-term volatility is a normal part of the crypto market . Did you find this analysis helpful? Share this article with your network on social media to help others understand the resilience of the Bitcoin uptrend! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Bitcoin Uptrend: Resilient Against US PPI Shocks first appeared on BitcoinWorld and is written by Editorial Team
The Bitcoin Policy Institute (BPI), a think tank focused on the flagship cryptocurrency, has launched in India. The policy group is the first in the country and was launched on India’s Independence Day. According to its post on X, the institute’s mission is to provide the research and education needed to make India a financially sovereign state using Bitcoin. It said : “Our mission: To provide the research & education needed to secure India’s financial sovereignty using #Bitcoin. Why now? Because true sovereignty in the 21st century is financial sovereignty.” Several of the founding members of the BPI are key individuals in the India Bitcoin scene. These include Bitcoin filmmaker Avi Burra, Bitshala coordinator Shreyan Joshi, software engineer Harsh Jain, and others. Speaking on the development, Burra noted that the institute’s goal is to provide policymakers with more clarity on the Bitcoin ecosystem to develop a suitable framework for the industry. Meanwhile, Joshi, a coordinator for the Bitcoin hub Bitshala, believes that having an Indian policy group focused on Bitcoin is a welcome development. He noted that local research on emerging assets will benefit both public and private sectors. BPI projects production of 150k BTC by 2030 Interestingly, the group plans to focus on issues it identified as the strategic pillars necessary to achieve its goals. One of the BPI Five Pillars is the Sovereign Mining Initiative, which plans to guide state governments in using renewable energy for Bitcoin mining . Per its economic analysis, India could generate 15,000 BTC through this in the first year, with a focus on the Rajasthan and Himachal Pradesh regions. However, its long-term goal over the next five years is for BTC production to reach 150,000 BTC and for all regions with excess renewable energy in the country to actively mine BTC. It noted that this would create 200,000 jobs directly and indirectly and utilize around 25 – 30 terawatt-hours of electricity throughout the country for BTC production. Meanwhile, other core pillars include Political Advocacy and Research, Education, Strategic Reserve Initiative, and Enabling Commerce and Payments through Bitcoin. The think tank believes that doing all these will help ensure the country saves money on remittance and reduce reliance on SWIFT. India’s crypto scene is struggling despite massive adoption The establishment of BPI could mark the start of a turnaround for the Indian crypto sector, which has been struggling in recent years. Despite ranking first in crypto adoption for 2024 according to the Chainalysis Adoption Index , reality tells a different story. Several challenges have dogged the Indian crypto sector, with the lack of regulatory clarity, the controversies surrounding popular exchanges such as WazirX , and the high tax rate on crypto trading and gains, all limiting activity. The country’s regulatory environment has already forced several investors to use offshore exchanges, but that has not stopped the tax drive by the authorities. The Minister of State for Finance, Pankaj Chaudhary, recently disclosed that over 44,000 crypto investors got emails and text messages to pay their taxes. Nevertheless, efforts to boost adoption have also increased with the national spokesperson for the country’s ruling party, Pradeep Bhandari, also calling for India to establish a strategic Bitcoin reserve. However, many people are still waiting for regulatory clarity on the crypto sector. Sign up to Bybit and start trading with $30,050 in welcome gifts
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BitcoinWorld Bitcoin Price Drop: Unpacking the Sudden Decline Below $118,000 The cryptocurrency world is abuzz with the latest news: Bitcoin has experienced a notable Bitcoin price drop , falling below the significant $118,000 mark. According to Bitcoin World market monitoring, BTC is currently trading at $117,987.07 on the Binance USDT market. This movement has certainly caught the attention of investors and enthusiasts alike, prompting many to question the underlying reasons for this shift in the cryptocurrency market . What Triggered This Sudden Bitcoin Price Drop? When Bitcoin sees a significant price movement, especially a decline, several factors often contribute. This particular Bitcoin price drop could be influenced by a combination of macroeconomic trends and specific crypto-related developments. It is crucial to understand these elements for a comprehensive BTC price analysis . Macroeconomic Headwinds: Global economic uncertainty, such as inflation concerns or changes in interest rates by central banks, can lead investors to pull funds from riskier assets like cryptocurrencies. Regulatory Scrutiny: News or rumors of increased regulatory oversight in major markets can sometimes cause apprehension among investors, leading to selling pressure. Large Liquidations: Significant sell-offs by large holders, often referred to as ‘whales,’ can trigger cascading liquidations across exchanges, accelerating a price decline. Market Sentiment: Negative news or a general shift in investor confidence can quickly spread, influencing trading decisions and contributing to overall crypto price volatility . Understanding the Dynamics of Crypto Price Volatility The cryptocurrency market is known for its dynamic nature, and crypto price volatility is a characteristic that both excites and challenges investors. A Bitcoin price drop like this, while concerning to some, is not entirely uncommon in this space. Unlike traditional markets, crypto can react more sharply to news and sentiment due to its relatively smaller market capitalization and 24/7 trading. For a thorough Bitcoin market update , it is important to look at both technical indicators and fundamental news. Technical analysis involves studying price charts to identify patterns and predict future movements, while fundamental analysis looks at the underlying value and external factors affecting the asset. Navigating the Current Bitcoin Price Landscape: What Should Investors Do? During periods of a Bitcoin price drop , making informed decisions is paramount. Panic selling often leads to losses, while a strategic approach can help mitigate risks and even uncover opportunities. Here are some actionable insights: Stay Informed: Rely on reputable news sources and analytical platforms for accurate information. Avoid reacting to unverified rumors. Re-evaluate Your Portfolio: Assess your risk tolerance and ensure your portfolio allocation aligns with your long-term financial goals. Consider Dollar-Cost Averaging (DCA): Instead of trying to time the market, consider investing a fixed amount regularly. This strategy can help average out your purchase price over time, especially during periods of crypto price volatility . Focus on Long-Term Potential: Many long-term investors view dips as opportunities to accumulate more assets at a lower price, believing in Bitcoin’s future growth. What’s Next for the Bitcoin Price? A Look Ahead Predicting the exact trajectory of Bitcoin’s price is challenging, but historical patterns suggest that market corrections are a natural part of its growth cycle. Following this Bitcoin price drop , the market will likely consolidate before potentially finding new support levels or resuming an upward trend. Factors such as upcoming halving events, institutional adoption, and technological advancements continue to shape Bitcoin’s long-term outlook. Many experts believe that despite short-term fluctuations, Bitcoin’s fundamental value proposition as a decentralized, scarce digital asset remains strong. A comprehensive Bitcoin market update will always consider these underlying strengths alongside immediate price movements. In conclusion, while the recent Bitcoin price drop below $118,000 may seem unsettling, it is a reminder of the inherent crypto price volatility within the digital asset space. Understanding the contributing factors, practicing prudent investment strategies, and staying informed are key to navigating these market dynamics successfully. This period presents both challenges and potential opportunities for those who approach the market with a clear strategy and a long-term perspective. Frequently Asked Questions (FAQs) Q1: Why did Bitcoin fall below $118,000? A1: Bitcoin’s recent fall below $118,000 is likely due to a combination of macroeconomic concerns, potential regulatory news, large liquidations by significant holders, and shifts in overall market sentiment leading to increased selling pressure. Q2: Is this Bitcoin price drop a good time to buy? A2: A price drop can be seen as a buying opportunity for some long-term investors, especially if they believe in Bitcoin’s future potential. However, it’s crucial to conduct your own research, understand your risk tolerance, and consider strategies like dollar-cost averaging. Q3: How does market sentiment affect BTC price? A3: Market sentiment plays a significant role in BTC price movements. Positive news or widespread optimism can drive prices up, while negative news or fear can lead to selling pressure and a Bitcoin price drop . Social media and news cycles can amplify these sentiments. Q4: What is crypto price volatility? A4: Crypto price volatility refers to the rapid and often unpredictable changes in the price of cryptocurrencies. This characteristic is influenced by factors like market size, liquidity, news events, and speculative trading, making prices fluctuate more than traditional assets. Q5: Where can I get reliable Bitcoin market updates? A5: For reliable Bitcoin market updates, it’s best to consult reputable cryptocurrency news outlets, financial analysis platforms, and official reports from recognized market research firms. Always cross-reference information from multiple trusted sources. If you found this article insightful, consider sharing it with your network! Help others understand the dynamics of the cryptocurrency market by sharing this analysis on social media. To learn more about the latest Bitcoin price drop trends, explore our article on key developments shaping Bitcoin price action . This post Bitcoin Price Drop: Unpacking the Sudden Decline Below $118,000 first appeared on BitcoinWorld and is written by Editorial Team
The cryptocurrency market has corrected today after the U.S. Government said it will not buy Bitcoin for its strategic BTC reserve, yet certain meme coins continue to perform well. These aren’t major meme tokens such as Dogecoin or Shiba Inu, but rather brand-new coins that are currently going through presales: Bitcoin Hyper (HYPER), Maxi Doge (MAXI), Snorter (SNORT) and TOKEN6900 (T6900). Each of these projects has already raised eye-watering amounts, and their momentum suggests explosive potential once they hit major exchanges. With the right timing, even a small investment in these tokens could be enough to ride a 1000x wave – turning just $1,000 into a life-changing $1 million . 4 Meme Coins to Turn $1,000 into $1 Million Bitcoin Hyper ($HYPER) A layer-two network for Bitcoin, Bitcoin Hyper (HYPER) has raised $9.6 million in its ongoing presale, while it has also accumulated more than 18,000 followers on X . Fire up your Rockets. $HYPER just raised 9M. https://t.co/VNG0P4GuDo pic.twitter.com/zMNGUW6VqS — Bitcoin Hyper (@BTC_Hyper2) August 13, 2025 Of all the meme coins currently holding presales, it boasts the strongest fundamentals, given that its L2 platform will make using Bitcoin cheaper and faster for users. Its network will operate using the Solana Virtual Machine (SVM) and will also harness zero-knowledge proofs, giving it a level of speed and security that should make it one of the fastest L2s around. Long term, its aim is to build a DeFi and Web3 ecosystem that will harness the enormous value of the Bitcoin network, which continues to fall short of its potential as a result of sticking to a proof-of-work consensus mechanism. Its native token, HYPER, will have a max supply of 21 billion, while holders will be able to stake it for a regular income. Newcomers can buy it now as part of its presale by going to the Bitcoin Hyper website . It’s currently selling at $0.012725, but this price will rise again tomorrow. Click Here to Participate in the Presale Maxi Doge ($MAXI) Adding to this list of bullish meme coins is Maxi Doge (MAXI), an ERC-20 token that has taken the Dogecoin formula and turned it up to 11. It has now raised almost $1 million in its presale, which it opened only a couple of weeks ago. Caught the candle, escaped the matrix. pic.twitter.com/26d1sRTYO5 — MaxiDoge (@MaxiDoge_) August 13, 2025 This is an encouraging sign of its growth potential, with Maxi Doge’s edgy persona and marketing helping to win over converts quickly. While it is a meme coin at heart, it’s also planning to develop a community around aggressive, bullish trading. To this end, it has opened channels on Telegram and Discord on which its community will operate, and on which it will set community members regular challenges and contests. Winners of such contests will receive rewards and rank on an international leaderboard, motivating participation and engagement. Maxi Doge will also maintain a fund – equal to 25% of its total supply (150.24 billion MAXI) – that it will use to foster partnerships and promote itself. Combined with its community, this should help spread awareness of the coin, helping to boost its price over time. You can join its sale by going to the Maxi Doge website and connecting a compatible wallet, such as MetaMask or Best Wallet. MAXI now costs $0.000252, although this will continue to rise at intervals for as long as the sale lasts. Click Here to Participate in the Presale TOKEN6900 ($T6900) Taking its cue from the hugely successful SPX6900, TOKEN6900 (T6900) is an Ethereum-based coin that takes its memes from the dot-com bubble of the late 90s and early 2000s. It has now raised an impressive $2 million in its hugely popular sale, which will now end in 13 days. In contrast to meme coins that aim to offer some utility, TOKEN6900 unashamedly makes a virtue out of having no fundamentals. 2mill69hunnid $2M raised. 14 days left. pic.twitter.com/48gCM8JLzX — Token6900 (@Token_6900) August 14, 2025 As it writes on its website, the coin is “Not Built On Fundamentals. It’s Built On Delusion, Irony, And The Collective Hallucination Of Terminally Online Traders.” It marries this philosophy to a proactive marketing campaign on X and other social media platforms, creating a viral sense of hype and FOMO that has helped its presale to grow. With a max supply of 930,993,091 T6900, it token will offer no particular utility, although holders will be able to stake the coin, earning an income on top of any price gains. While its presale will close within two weeks, latecomers can still join at the TOKEN6900 website . It’s selling at its final presale price of $0.006975, although the success of its sale would suggest that it could rise much higher than this soon. Click Here to Participate in the Presale Snorter ($SNORT) Rounding out this list of the best new meme coins to buy now is Snorter (SNORT), a Solana- and Ethereum-based coin that also doubles as a trading bot. It has raised $2.6 million in its ongoing presale, while it also reaches more than 14,000 followers on X . These are hugely positive numbers, and the reason why Snorter has been able to do so well is that investors are bullish for its trading bot. In particular, it will be an automated sniping bot, making trades on behalf of users just before a targeted coin surges. This will help users to stay ahead of whales and the wider market, while other features include copy trading, limit orders, atomic swaps, and protection against rugpulls. It promises to be one of the most comprehensive trading bots on the market once it launches, with SNORT necessary to pay for access. As such, SNORT could experience considerable demand once it launches, with investors able to buy it now at the official Snorter website . Click Here to Participate in the Presale The post 4 Meme Coins to Turn $1,000 into $1 Million appeared first on Cryptonews .
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Bitcoin is once again at a pivotal moment, facing heavy resistance after setting a new all-time high around $124,000 yesterday. The milestone sparked excitement among bulls, but also renewed caution among analysts who warn that slowing momentum could signal a potential market cycle top. Some see the recent hesitation as a sign that buyers may be losing steam at these elevated levels. Related Reading: TRON Long-Term Holders See Massive Gains As TRX Pushes Toward Multi-Year Highs Despite the growing bearish speculation, on-chain data from CryptoQuant offers a more optimistic perspective. The Short-Term Holder Spent Output Profit Ratio (STH SOPR-7d) has climbed to 1.04 with Bitcoin trading near $119,000. This reading means that, on average, short-term holders are selling their coins at a profit — yet the market is successfully absorbing this selling pressure without triggering a sharp correction. Historically, maintaining SOPR above the 1.00–1.02 range, with pullbacks to unity quickly bought up, has supported continued uptrends. While the current amplitude is still below the overheated peaks of past cycles, the data suggests that profit-taking remains moderate. The coming days will be crucial in determining whether BTC can overcome its current resistance zone or if it will face a deeper retracement before attempting another push higher. Moderate Selling Pressure Hits Bitcoin According to top analyst Axel Adler, Bitcoin’s Short-Term Holder Spent Output Profit Ratio (STH SOPR-7d) remains in a healthy range, with amplitude still moderate and well below the peaks of 1.06–1.09 seen in previous bullish waves. This indicates that selling pressure from short-term holders is not extreme, even as BTC trades near its all-time highs. Adler notes that the bullish scenario hinges on maintaining the SOPR-7d above 1.00–1.02, as values above unity mean that short-term holders are, on average, selling at a profit — and the market is absorbing that supply without triggering a larger sell-off. Ideally, brief pullbacks toward 1.00 should be met with strong buying interest, as quick rebounds from unity historically confirm robust demand. However, the analyst cautions that if SOPR dips below 1.0 and stays there, it would signal weakening demand. This shift would increase the probability of a deeper market correction, as it implies that coins are being sold at a loss and buyers are not stepping in aggressively enough to absorb them. The coming days will be pivotal for Bitcoin’s short-term trajectory. Many analysts see BTC pushing decisively above $125,000 as the next major breakout level. Others, however, remain cautious, expecting the market to face a sharp retracement before resuming its upward trend. Related Reading: Bitcoin Volatility Hits 2-Year Low As 30-Day Range Tightens Bitcoin Tests Resistance After Sharp Rejection from New Highs Bitcoin’s daily chart shows the cryptocurrency recently tested a new all-time high near $124,000 before facing swift rejection, pulling back to current levels around $118,777. This drop marks a failure to sustain momentum above the crucial $123,217 resistance zone, highlighted in yellow on the chart. Despite the rejection, BTC remains well-supported above the 50-day moving average (blue), currently near $115,194. This level has consistently acted as a dynamic support during the 2025 uptrend. The 100-day MA (green) at $110,456 and the 200-day MA (red) at $100,144 remain far below, underscoring the strength of the broader bullish structure. Related Reading: Ethereum 30-Day Netflow Average Deepens Negative: Buyers Dominate Market The consolidation below resistance reflects a market pausing to digest recent gains. For bulls, reclaiming $123,217 and closing above $124,000 would signal renewed momentum and could open the path toward $125,000 and beyond. A break below the 50-day MA could trigger a deeper pullback, with the 100-day MA as the next support. Featured image from Dall-E, chart from TradingView
The broader cryptocurrency market has shifted into a heightened bearish phase, causing Bitcoin to drop from its current all-time high of $124,000 to the $117,000 threshold. While bearish pressure is building, indicators such as Bitcoin’s supply dynamics are providing insights about the current state of the market and investors’ sentiment. What Bitcoin Supply Data Says About The Market Bitcoin’s price has fallen sharply after reaching a new all-time high on Thursday, which has sparked speculation about the current state of the market. Amidst the growing speculations, Boris, a crypto trader and on-chain expert, has provided a detailed analysis of the current state of BTC’s market, using the supply dynamics. Bitcoin supply patterns are currently painting a vivid picture of investor behavior, accumulation tendencies, and possible price direction, as well as the market’s health . Boris’ examination of the supply dynamics hinges on the behavior of long-term holders and short-term holders. As Bitcoin rose to its all-time high, supply dynamics revealed a stark divergence between these different groups of investors. Presently, long-term BTC holders are steadily offloading their holdings while short-term BTC holders are persistently accumulating the asset at a rapid rate. This divergence in sentiment between the groups indicates that the market is currently in a post-all-time high stress test. A post-all-time high stress test reflects a phase where the boundaries of market resiliency and investor belief are being tested. With short-term holders holding strong and long-term traders responding aggressively to price fluctuations, the present phase is determining whether BTC can maintain its value and momentum following the recent high. Data shows that long-term holders’ supply saw a drop from 15.50 million BTC to 15.28 million BTC, which is an indication of profit-taking. Meanwhile, the supply of short-term holders rose from 4.38 million BTC to 4.61 million BTC, suggesting that the cohort is capitalizing on recent rallies . According to the on-chain expert, this change demonstrates that STHs followed the trend and increased risk, while LTHs responded to the rally with sales. After a short period, Bitcoin’s price quickly fell back from about $124,000, putting late buyers through a stress test. Furthermore, Boris noted that the final wave exhibits a classic market pattern where experienced holders limit their exposure and short-term holders accumulate close to the top. Such a development typically signals a loss of momentum. Short-Term BTC Holders Are Showing Strength A recent research from Glassnode, a leading on-chain data analytics firm, has also revealed an underlying strength among short-term BTC holders. The platform’s research is solely focused on the Bitcoin Short-Term Holder SOPR Indicator . Specifically, this key metric tracks whether new investors are selling at a profit or loss. As BTC’s price surges, the metric temporarily dipped below neutral levels, but quickly recovered and rose above neutral. This move, according to Glassnode, shows limited realized losses and indicates that new Bitcoin investors are prepared to protect their cost basis, which is currently close to $112,000.
Key Highlights: Bitcoin plunged from $123,800 to $117,180 after Treasury’s remarks. Daily liquidations exceeded $963M as market reacted to policy uncertainty. Despite clarification, Bitcoin has yet to recover to its earlier all-time high. Treasury Minister’s Remarks Spark Bitcoin Sell-Off On the evening of August 14, 2025, Bitcoin’s price suddenly dropped from $123,800 to $117,180 after comments from US Treasury Secretary Scott Bessent. In an interview with Fox Business, Bessent stated: “We’ve also started — to get into the 21st Century — a bitcoin strategic reserve. We’re not going to be buying that, but we are going to use confiscated assets and continue to build that up. We’re going to stop selling that.” Initially, this declaration signaled a halt in government Bitcoin accumulation, fueling panic and a sharp correction. At the time of writing, Bitcoin remains just below $119,000, with the all-time high above $124,000 reached earlier that night. When asked if initiatives like the Bitcoin reserve and gold revaluation were part of a sovereign fund plan, Bessent responded: “These are all great, original ideas. But they require the infrastructure to be built for legalization and oversight. However, it is the right step in terms of securing a future for the next generation.” Liquidation Wave and Market Sentiment Triggered by Bessent’s statements, the daily volume of liquidations exceeded $963 million, mainly affecting leveraged positions in Bitcoin and other major cryptocurrencies. Market capitalization for Bitcoin fell from $2.48 trillion to $2.33 trillion, per TradingView. The crypto community also linked this turbulence to the resignation of Bo Hines, the head of the Presidential Working Group on Crypto Assets, deepening concerns about sector leadership. Treasury Walks Back Statement, Market Remains Shaken After backlash, Bessent issued a follow-up statement clarifying that the US Treasury seeks “budget-neutral” options for reserve growth, not direct purchases from the Treasury. Community members joked that “someone whispered” to the minister about the fallout, while others saw the shifting stance as evasion of responsibility. As one commentator noted: “It’s all out in the open now. The government doesn’t care about Bitcoin. They just want to line the pockets of insiders.” Braiins CEO Eli Nagar expressed frustration, remarking the agency was still “looking for ways,” and describing it as an attempt to shirk responsibility.