Bitcoin Falls 6%: Panic, Liquidations, and a Trump-Zelenskyy Meeting? 😱📈

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TL;DR

  • Bitcoin takes a coffee break from its all-time high, dropping 6%-because even crypto needs a breather.
  • Short-term holders are playing chess with $550M in liquidations. No moves for 30 days? Boring! 🐢
  • Trump-Zelenskyy meet-cute, Fed drama, and Powell’s speech: Bitcoin’s new drama squad. 🤡

Bitcoin’s All-Time High: A Short-Lived Party Pooper

Bitcoin (BTC) is currently trading at $115,300, down 2% in 24 hours and 6% since last week. Four days ago, it reached $124,300, which is impressive if you ignore the fact that now it’s just “meh.” The 7-day range is $115,355-$123,780, which sounds like the price of a decent used car. But hey, at least it’s not a Tesla. 🚗

Meanwhile, liquidations have become the new Netflix series. Over 131,000 traders got their wallets slapped with $550M in losses, including a $7.8M Bitmex casualty. Someone’s short squeeze must’ve been more of a “headdesk.” And don’t get me started on the $6B in open short positions-Bitcoin’s about to throw a surprise party for those folks. 🎉

CryptoQuant’s Axel Adler Jr. reports that short-term holders (STH) control 47% of the realized cap. Their 30-day net flow? Zero. So, either they’re meditating in a bubble of indifference or they’re waiting for the next meme to blow up. 🧘♂️

The chart shows STH’s realized cap share (orange) and their 30-day change (blue). Blue’s job is to track whether coins are migrating to young wallets or just chilling in old ones. Growth? Overheated tops. Decline? Capitulation. Zero? “Equilibrium regime.” Sounds like a TED Talk. 🎓

– Axel Adler Jr. (@AxelAdlerJr) August 18, 2025

Adler says this equilibrium might mean Bitcoin’s taking a nap before the next move. Fair. Even the Fed probably needs a nap. 😴

Market Metrics: Confused, Like My Dog on a Walk

The Seller Exhaustion Constant is high, which means sellers are still throwing punches. Previous lows marked bottoms; current levels suggest they’re just warming up. Meanwhile, @charl3li says, “Downside in two weeks? Maybe. But the top isn’t here yet.” If only we could ask the market for a confirmation. 🙋♂️

“We could see some downside… but the top isn’t in for the mid-term,” @charl3li warns. Because nothing says “mid-term” like a crypto crash. 📉

On-Chain College points to the MVRV ratio, which hasn’t hit past cycle peaks. “Calling a top here is fighting history,” they say. Bold move, but I’m sure the market will thank them when it’s too late. 🤷♂️

Three events are now the focus: Fed minutes, Powell’s Jackson Hole speech, and Trump-Zelenskyy’s meet-cute. Because nothing stabilizes crypto like geopolitics and central banking. 🕶️

Coinbase Premium: Big Buyers or Saylor’s Solo Act?

The Coinbase Premium is at a one-month high, but Bitcoin’s still falling. Analyst Cas Abbé says it’s either Saylor “twapping” for days or big whales accumulating in silence. Either way, someone’s playing 20 questions with the market. 🧩

Material Indicators notes Bitcoin’s above its 21-day moving average-a “Trend Precognition signal” on the weekly chart. Their caution? “Reduces the odds of an immediate breakout.” Translation: “We’re all guessing.” 🎲

As Bitcoin clings to its post-ATH dignity, traders wait for the next move. Will it rebound or fall into a black hole of regret? Only time-and maybe a few more headlines-will tell. 🕰️

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2025-08-18 14:19