After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000, with the next major support zone around $110,000. Analysts warn that more downside could still be ahead for the top cryptocurrency. Bitcoin To Fall More? Crowded Long Trade Gives Hint According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, Bitcoin open interest across all exchanges has surged past $40 billion, nearing ATH territory. This rise shows both whales and short-term traders are piling into leveraged positions. Related Reading: Bitcoin Falls Below $115,000 As Binance Buying Power Ratio Collapses The chart below highlights the recent spike in BTC open interest, now hovering at $40.6 billion. Compared to August 2024 levels of $15 billion, open interest has grown by more than 150%. The CryptoQuant contributor added that despite this surge, the funding rate has remained positive, showing a strong long bias. While this reflects market optimism, it also signals a crowded trade, with most participants betting on further BTC appreciation. As a result, the risk of a long squeeze – forced liquidations of long positions due to aggressive leverage – has risen. XWIN Research Japan explained in their analysis: A sudden price drop can trigger a cascade of forced selling, amplifying volatility. In other words, Bitcoin’s short-term moves remain at the mercy of speculative flows. BTC Fund Holding By Institutions Rises Despite speculative froth from excessive leverage in the market, BTC fund holdings by Bitcoin exchange-traded funds (ETFs) and institutional investors continue to surge, exceeding 1.3 million according to latest data. Spot ETFs and corporate treasuries absorbing BTC provides the digital asset a structural bid that steadily reduces its available supply. According to data from SoSoValue, US-based spot Bitcoin ETFs currently hold $146 billion in net assets – representing 6.47% of BTC’s market cap. Related Reading: Market Jitters Rise As Bitcoin Pulls Back—Is $135K Still Possible? That said, this week alone has seen more than $645 million in outflows from spot Bitcoin ETFs, following two consecutive weeks of inflows totaling nearly $800 million. Among the ETFs, BlackRock’s IBIT leads with $84.78 billion in net assets as of August 19. Still, not all signals are bearish. For instance, while BTC slipped below $115,000, its spot trading volume surged past $6 billion, giving bulls hope for a potential rebound. Similarly, technical analyst AO recently suggested that BTC could be mirroring gold’s trajectory, with an ambitious target of $600,000 by early 2026. At press time, BTC trades at $113,845, down 1.5% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Bitcoin is trading at around $114,390, up nearly 1% in the past 24 hours, with daily volumes near $69.6 billion. The world’s largest cryptocurrency holds a market cap of $2.27 trillion, with 19.9 million BTC in circulation out of a capped supply of 21 million. Despite the recent rebound, the charts show BTC struggling to hold above its short-term support zones. Bitcoin (BTC/USD) Technical Outlook: Key Levels Ahead On the technical front, Bitcoin price prediction remains bearish as BTC has slipped beneath its 50-day moving average ($116,033), which has flipped into resistance. The rejection near $124,450 carved a bearish engulfing candle, signaling momentum loss after July’s rally. Traders are now watching the neckline of a potential head-and-shoulders pattern around $112,000. A breakdown below this level could accelerate declines toward $108,000 and possibly $105,150, as shown in TradingView’s projected path. Bitcoin Price Chart – Source: Tradingview Momentum signals back this caution. The MACD has crossed into negative territory, while the RSI at 44 leaves room for further downside. Consecutive bearish candlesticks resemble the start of a three black crows pattern, often linked with deeper pullbacks. Yet, the longer-term structure is less bleak. Since June, Bitcoin has defended a series of higher lows, with small-bodied dojis near $113K showing indecision rather than panic selling. Should buyers retake $116,150, the path opens toward $120,900, then $124,450, with a breakout potentially extending to $127,540 and the long-anticipated $130K level. Fundamental Outlook: Armstrong’s $1M Call While the charts point to short-term caution, fundamentals remain highly supportive. Coinbase CEO Brian Armstrong said on August 20 that he expects Bitcoin to reach $1 million per coin by 2030. Armstrong described this as the “rough idea” in his head, highlighting adoption, innovation, and technological improvements as drivers of exponential growth. JUST IN: Coinbase CEO Brian Armstrong predicts Bitcoin will reach $1,000,000 by 2030. pic.twitter.com/rT95DfJbTG — Watcher.Guru (@WatcherGuru) August 20, 2025 No model, but the bigger picture is accumulation, supply is shrinking, and use cases are expanding. So long term investors can be confident even if short term traders are navigating volatility. Outlook for Traders and Investors For traders the playbook is clear: close above $116K and long to $124K-$130K, close below $112K and short to $108K. For investors this is an accumulation zone in a bigger bull run. In the bigger picture Armstrong’s $1M call shows how market leaders see Bitcoin not as a speculative asset but as a long term foundation of digital finance. Whether BTC retests $108K or goes to $130K in the short term the road ahead is higher over the next few years. New Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its goal is to expand the Bitcoin ecosystem by enabling lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation. By combining Bitcoin’s unmatched security with Solana’s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp development. The team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its foundations. Momentum is building quickly. The presale has already crossed $10.8 million, leaving only a limited allocation still available. At today’s stage, HYPER tokens are priced at just $0.012755—but that figure will increase as the presale progresses. You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card. Click Here to Participate in the Presale The post Bitcoin Price Forecast: Can BTC Recover After $112K Test and $1M Call? appeared first on Cryptonews .
Ethereum ETF inflows hit a record $1 billion in August, signaling growing institutional allocation to Ethereum while Bitcoin consolidates below $114,000; this shift suggests rotation toward Ethereum-driven DeFi yields and
The Nasdaq-listed miner is focusing on expansion.
U.S. Treasury halts Bitcoin purchases triggered a rapid $120 billion decline in crypto market capitalization, pushing BTC prices lower and squeezing liquidity; investors should monitor on‑chain flows, leveraged positions, and
Crypto market today: key points. Bitcoin risks losing $100,000. Shiba Inu faces 699,000% liquidation imbalance. XRP is in bullish rebound mode.
A group of major altcoins have bounced stronger than bitcoin (BTC) on Wednesday, showing relative strength despite a weakening risk appetite in broader capital markets. BNB (BNB), the native token of the BNB Chain and closely adjacent to crypto exchange giant Binance, surged 6% to a fresh all-time high of $875. Ethereum's ether (ETH) rebounded 7% from the overnight lows to $4,350, erasing all of Tuesday's losses. Some observers speculated that ETH treasury firms buying the asset could have fueled the rally. Solana's SOL (SOL) gained 6.1%, also outpacing yesterday's decline, while tokens of ChainLink (LINK) and AAVE (AAVE) were up 10% and 7%, respectively. Meanwhile, the leading crypto BTC advanced a modest 1.4% from the lows, changing hands at just above $114,000. Major stock indexes, the S&P 500 and the tech-focused Nasdaq, closed 0.2% and 0.5% lower. While it might be too early to call for any bottom with rocky next few days and weeks ahead on the macro front, the relative strength of altcoins versus bitcoin is notable during a risk-off period. Bitcoin's dominance, measuring the largest crypto's market share in the total market capitalization of digital assets, is on the brink of making a fresh six-month low, signaling that smaller, riskier tokens are taking leadership in market gains, often dubbed as "altcoin season." Still, hopes for repeating past cycles' breakneck altcoin action might be unrealistic, ByteTree analysts led by Shehriyar Ali and Charlie Morris noted. "An alt season may be brewing, but it will not look like the wild rallies of the past," the report said. "Instead, it will be defined by selective, fundamentals-driven growth, rewarding quality projects and penalising those without substance." Read more: Hawkish FOMC Minutes Knocks Legs Out of Crypto Bounce
Ethereum sell-off accelerated after whales swapped roughly $16M in ETH for WBTC and institutions withdrew about $38M in ETH; however, the ETH/BTC ratio held near 0.037 support, suggesting a possible
Whales flee Ethereum for Bitcoin, but bullish ETH/BTC structure raises questions about altcoin season’s fate.
Strategy added 430 Bitcoin on Aug. 17, spending a little over $51 million at an average of roughly $119,666 a coin. The move lifted its total to 629,376 BTC, a holding worth about $46.15 billion at current prices. The company reports an average buy price of $73,320 per Bitcoin and says its crypto holdings are up 25% so far this year. Short and clear: the numbers are huge. Longer view: the scale of the bet helps explain why every tweak to policy now matters to both investors and critics. Equity Guidance And mNAV Rules According to reports, Strategy will use a measure called mNAV — market net asset value — to decide when to issue stock, buy Bitcoin or take other steps. If MSTR trades above four times mNAV, the firm will sell new shares aggressively to buy more Bitcoin. If the stock sits between two-and-a-half and four times mNAV , the company will still issue shares but only when it sees a good opportunity. Once the multiple falls below two-and-a-half, Strategy says it could sell shares to cover debt interest, pay preferred equity dividends and meet other needs. Reports add that if shares ever fall under 1x mNAV, the company could borrow money to buy back its stock. For scale: at 4x mNAV the implied price would be about $1,000, at 2.5x roughly $600 and at 1.0x roughly $210. Today the stock trades near $344, carrying an mNAV of about 1.58x. potential spiral of doom looming for @MicroStrategy : – sell $MSTR shares to service debt– dilute shareholders further each time– shares become worth less– interest payments mount– $MSTR sell its bitcoin to pay interest how do you think this ends? https://t.co/BfMPH4JHfo — Dom | EasyA (@dom_kwok) August 19, 2025 Experts Warn Of A Downward Spiral According to Dom Kwok, co-founder of EasyA, the plan risks trapping the company in a “spiral of doom.” He warns that repeated share issuance dilutes existing holders. That can push the share price down. Lower stock then forces more stock sales to raise cash. Over time, this cycle can accelerate. It is a simple math problem that becomes painful when markets wobble. Reports suggest this is the core fear among many independent analysts. How Share Dilution Could Escalate Strategy’s balance sheet moves are paired with a core bet: keep adding Bitcoin and hold it. The firm’s 629,376 BTC is the largest corporate reserve anywhere, and that scale gives the company credibility when prices rise. Yet buying more by issuing stock ties the treasury to the share market. According to the update, the company’s average buy price of $73,320 still leaves room for gains, but the link between stock issuance and Bitcoin buying raises a structural issue. If earnings, interest costs or investor sentiment shift, the math could flip fast. Featured image from BestHDWallpaper.com, chart from TradingView