Bitcoin (BTC) begins a brand new week in an thrilling place as worth motion knocks on new all-time highs.
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Bitcoin surges to $122,000, the newest signal that worth discovery is across the nook.
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Dip discussions concentrate on the weekend’s CME hole, which presents $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 worth 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 Pro and TradingView.
In doing so, Bitcoin liquidated over $100 million in brief positions because it took out a wall of liquidity just under all-time highs.
Data from monitoring useful resource CoinGlass now exhibits resistance being added at $123,000 and above.
Reacting, market contributors have been relieved however cautious. BTC/USD, they argued, might effectively development again right down to consolidate positive factors earlier than attacking all-time highs.
“Bitcoin appears nice, virtually a brand new all-time excessive. However, 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 exams on decrease ranges earlier than we’ll proceed. Such a downwards take a look at = violent transfer on Altcoins = purchase the dip season.”
Eyeing total leverage developments, in the meantime, well-liked dealer BitBull had a bullish sign that ought to lengthen far past the present battle for worth 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 type that tends to carry by volatility.”
All eyes on the brand new Bitcoin CME hole
When it involves a BTC worth dip, market contributors have one factor on their thoughts.
The weekend’s transfer up has created a new “hole” in CME Group’s Bitcoin futures — and observers are keenly looking forward to indicators that it’ll get “stuffed.”
I hate to be that man…
But we’ve 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 traditional characteristic of the Bitcoin buying and selling panorama, and lately, worth has circled again up or down as required to fill them — usually in days and even hours.
“Could see a fast fill someplace this week – one thing to bear in mind,” well-liked dealer Jelle acknowledged, echoing sentiment from throughout the buying and selling group.
Filling the newest hole fully 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.
Last week, Rekt Capital targeted on reclaiming that degree as key to the general BTC worth restoration in a “cycle of draw back deviations.”
CPI headlines “essential” US macro information week
The July prints of the US Consumer Price Index (CPI) and Producer Price Index (PPI) are due this week, and markets are eager for coverage indicators.
Interest charges stay on the agenda for risk-asset merchants amid continued strain on the Federal Reserve to behave from President Donald Trump.
“This week’s inflation information will likely be essential as markets look forward to the September Fed assembly,” buying and selling useful resource The Kobeissi Letter advised X followers.
Current information from CME Group’s FedWatch Tool exhibits 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 predicted to come back in barely greater than final month — one thing which can lend much more weight to a shock cooling, says BitBull.
“If CPI is available in decrease than anticipated, the September price lower will likely be confirmed. This will assist risk-on property rally much more,” he defined in an X publish Monday, calling the information launch the week’s “greatest crypto occasion.”
“In case CPI is available in greater than anticipated, price lower chance will go down together with crypto costs. Given that the unemployment price has been going up these days, CPI is predicted to come back decrease, which will likely be good for the markets.”
Various senior Fed officers will take to the stage alongside the information, doubtlessly shedding additional mild on the temper.
Whales maintain off on promoting BTC
For onchain analytics platform CryptoQuant, one altcoin blockchain is price watching in the case of Bitcoin worth reversal indicators.
In one in all its “Quicktake” weblog posts on Monday, contributor Amr Taha instructed that giant 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 exhibits every day pockets steadiness modifications for TRC-20 USDT wallets, with transactions price $10 million or extra of explicit curiosity, these thought to belong to whales.
Taha presents two examples of the method at work. On July 16 and July 23, spikes in whale USDT transactions preceded Bitcoin worth corrections of 4.5% and three.8%, respectively.
Now, nonetheless, whales have but to develop an urge for food to cut back danger.
“Large USDT actions can function an early warning for BTC corrections,” Taha concluded.
“Recent information signifies that the dearth of $10M+ transactions suggests whales aren’t cashing out into USDT.”
“Pump and dump” fears over crimson Coinbase Premium
Concerns over the energy of the BTC worth breakout are already going public.
Related: Ethereum bag holders will rotate again to Bitcoin: Samson Mow
For fellow CryptoQuant contributor J. A. Maartunn, a possible downside 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 unfavorable territory.
“Coinbase Pump & Dump?” he queried on X.
“Price jumped from $118K to $122K earlier as we speak as buyers piled in. But the Coinbase Premium Index flipped crimson proper after.”
A “crimson” Premium suggests an absence of sustained curiosity from Coinbase customers, placing extra strain on the beginning of US TradFi buying and selling hours to help greater costs.
Popular dealer Roman, staying cautious because the market gained, in the meantime pressured {that a} lack of buying and selling quantity had bearish implications for an rising growth in largest altcoin Ether (ETH).
As Cointelegraph reported, ETH/USD hit its highest ranges since late 2021 over the weekend.
“Great to see a break of enormous resistance however 2 points I see are bear divs and low quantity,” Roman advised X followers in one in all his newest posts.
“High Volume ALWAYS validates breakouts & I don’t see it right here. Wouldn’t shock me if we went sideways/slight down earlier than up.”
This article doesn’t comprise funding recommendation or suggestions. Every funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.
