Bitcoin (BTC) begins a brand new week in an thrilling place as value motion knocks on new all-time highs.
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Bitcoin surges to $122,000, the most recent signal that value discovery is across the nook.
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Dip discussions concentrate on the weekend’s CME hole, which gives $117,000 as a retracement goal.
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CPI and PPI are due this week as markets cement bets that the Federal Reserve will lower rates of interest subsequent month.
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USDT transactions from whales recommend an absence of curiosity in profit-booking.
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A crimson Coinbase Premium spells potential issues for Bitcoin throughout upcoming US buying and selling periods.
Bitcoin merchants assess $122,000 weekend surge
Bitcoin value motion wasted no time boosting the bulls after the weekly shut.
A swift surge took BTC/USD past $122,000, and native highs of $122,312 on Bitstamp got here earlier than a retracement started, per information from Cointelegraph Markets Professional and TradingView.
In doing so, Bitcoin liquidated over $100 million briefly positions because it took out a wall of liquidity slightly below all-time highs.
Information from monitoring useful resource CoinGlass now reveals resistance being added at $123,000 and above.
Reacting, market contributors had been relieved however cautious. BTC/USD, they argued, may properly pattern again right down to consolidate positive aspects earlier than attacking all-time highs.
“Bitcoin appears to be like nice, virtually a brand new all-time excessive. Nonetheless, it is a weekend transfer,” crypto dealer, analyst and entrepreneur Michaël van de Poppe wrote in a publish on X Monday.
“I’d assume we’ll see some assessments on decrease ranges earlier than we’ll proceed. Such a downwards check = violent transfer on Altcoins = purchase the dip season.”
Eyeing total leverage traits, in the meantime, well-liked dealer BitBull had a bullish sign that ought to prolong far past the present battle for value discovery.
The ratio of leveraged futures to identify shopping for is circling lows not seen because the pit of Bitcoin’s final bear market in late 2022.
“That’s a uncommon sign,” he summarized.
“It means this rally isn’t being propped up by leveraged longs that may get worn out in a single day. It’s being pushed by spot demand, the sort that tends to carry via volatility.”
All eyes on the brand new Bitcoin CME hole
In relation to a BTC value dip, market contributors have one factor on their thoughts.
The weekend’s transfer up has created a brand new “hole” in CME Group’s Bitcoin futures — and observers are keenly awaiting indicators that it’ll get “stuffed.”
I hate to be that man…
However we now have a big CME hole that opened up over the weekend – between $117 & $119k.
Ideally we shut this quickly. pic.twitter.com/fUr7K3huus
— Nic (@nicrypto) August 11, 2025
CME gaps are a basic characteristic of the Bitcoin buying and selling panorama, and just lately, value has circled again up or down as required to fill them — usually in days and even hours.
“Might see a fast fill someplace this week – one thing to remember,” well-liked dealer Jelle acknowledged, echoing sentiment from throughout the buying and selling neighborhood.
Filling the most recent hole utterly would take BTC/USD again to only above $117,200, a degree already key as a resistance/help flip zone.
On Sunday, well-liked dealer and analyst Rekt Capital described the upcoming weekly shut as “decisive” because it decided the destiny of the $117,200 mark.
Final week, Rekt Capital targeted on reclaiming that degree as key to the general BTC value restoration in a “cycle of draw back deviations.”
CPI headlines “essential” US macro information week
The July prints of the US Shopper Worth Index (CPI) and Producer Worth Index (PPI) are due this week, and markets are eager for coverage indicators.
Rates of interest stay on the agenda for risk-asset merchants amid continued stress on the Federal Reserve to behave from President Donald Trump.
“This week’s inflation information shall be essential as markets stay up for the September Fed assembly,” buying and selling useful resource The Kobeissi Letter advised X followers.
Present information from CME Group’s FedWatch Device reveals markets pricing in a price lower by the Fed subsequent month, with virtually 90% odds, contrasting with the 57% determine from a month in the past.
CPI itself is anticipated to come back in barely increased than final month — one thing which is able to lend much more weight to a shock cooling, says BitBull.
“If CPI is available in decrease than anticipated, the September price lower shall be confirmed. It will assist risk-on property rally much more,” he defined in an X publish Monday, calling the info launch the week’s “greatest crypto occasion.”
“In case CPI is available in increased than anticipated, price lower likelihood will go down together with crypto costs. On condition that the unemployment price has been going up currently, CPI is anticipated to come back decrease, which shall be good for the markets.”
Varied senior Fed officers will take to the stage alongside the info, doubtlessly shedding additional gentle on the temper.
Whales maintain off on promoting BTC
For onchain analytics platform CryptoQuant, one altcoin blockchain is value watching with regards to Bitcoin value reversal indicators.
In considered one of its “Quicktake” weblog posts on Monday, contributor Amr Taha urged that enormous transfers of stablecoin Tether (USDT) on TRON have coincided with BTC/USD corrections.
“When $10M+ transactions exceed $5B in a day, it usually indicators large-scale profit-taking in Bitcoin,” he summarized.
A chart reveals each day pockets steadiness modifications for TRC-20 USDT wallets, with transactions value $10 million or extra of explicit curiosity, these thought to belong to whales.
Taha gives two examples of the method at work. On July 16 and July 23, spikes in whale USDT transactions preceded Bitcoin value corrections of 4.5% and three.8%, respectively.
Now, nonetheless, whales have but to develop an urge for food to cut back danger.
“Giant USDT actions can function an early warning for BTC corrections,” Taha concluded.
“Latest information signifies that the dearth of $10M+ transactions suggests whales will not be cashing out into USDT.”
“Pump and dump” fears over crimson Coinbase Premium
Considerations over the energy of the BTC value breakout are already going public.
Associated: Ethereum bag holders will rotate again to Bitcoin: Samson Mow
For fellow CryptoQuant contributor J. A. Maartunn, a possible drawback facilities on the most important US alternate Coinbase.
The Coinbase Premium Index, which measures the distinction in BTC costs between the Coinbase BTC/USD and Binance BTC/USDT pairs, is again in adverse territory.
“Coinbase Pump & Dump?” he queried on X.
“Worth jumped from $118K to $122K earlier immediately as buyers piled in. However the Coinbase Premium Index flipped crimson proper after.”
A “crimson” Premium suggests an absence of sustained curiosity from Coinbase customers, placing extra stress on the beginning of US TradFi buying and selling hours to help increased costs.
Well-liked dealer Roman, staying cautious because the market gained, in the meantime harassed {that a} lack of buying and selling quantity had bearish implications for an rising increase in largest altcoin Ether (ETH).
As Cointelegraph reported, ETH/USD hit its highest ranges since late 2021 over the weekend.
“Nice to see a break of enormous resistance however 2 points I see are bear divs and low quantity,” Roman advised X followers in considered one of his newest posts.
“Excessive Quantity ALWAYS validates breakouts & I don’t see it right here. Wouldn’t shock me if we went sideways/slight down earlier than up.”
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.
