Dip-buyers 'stopped the train' — 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts a caller week with a caller sell-off, and traders are divided implicit wherever BTC volition caput next.

BTC terms enactment has dipped $10,000 since its latest all-time precocious conscionable days ago, starring to comparisons with the 2021 top.
Order-book manipulation whitethorn beryllium to blame, investigation argues — a ample entity whitethorn beryllium “buying the dip.”
The US Federal Reserve’s Jackson Hole symposium is due, with the US ostentation combat contrasting with hopes of a Russia-Ukraine bid settlement.
Bitcoin hodlers whitethorn person little clip to bask gains arsenic the latest uptrend enters its seventh week.
In a “strange” development, BTC terms weakness is diverging from a affirmative Coinbase premium.

Bitcoin terms has “reduced” breakout likelihood this week

A swift sell-off disturbed a calm play adjacent for BTC/USD connected Monday, information from Cointelegraph Markets Pro and TradingView shows.

Just days aft its latest all-time high supra $124,500, the brace shed 2% successful hours, bringing its full drawdown since the highest to implicit $10,000.

Commenting connected the existent marketplace structure, traders were speedy to telephone caller section lows successful the coming days.

— Crypto Tony (@CryptoTony__) August 18, 2025

Trading level Material Indicators adjacent dismissed Bitcoin perchance holding its 21-day elemental moving mean (SMA), flagging a “pretty solid” down awesome connected 1 of its proprietary trading tools.

“That doesn't warrant a nuke, but it drastically reduces the probability of a $BTC breakout this week,” it wrote successful portion of its latest post connected X.

Popular trader Daan Crypto Trades gave $112,000 arsenic the BTC terms level to ticker to the downside, arsenic good arsenic a interruption of $120,000 successful the lawsuit of a reversal.

“These aboriginal week moves bash person the inclination to retrace but let’s spot however the US Market does today,” helium told X followers.

Some were much acrophobic astir the semipermanent interaction of caller terms behavior. Fellow trader Roman, agelong wary of market weakness, stressed that debased measurement had failed to cement the latest highs.

“Now $BTC is down $10,000 from anterior highs. The deficiency of measurement has been highly concerning for the past fewer months,” helium concluded.

“To maine it’s distribution. Everything inactive lining up similar 2021.”

Roman referred to Bitcoin’s past bull market, which ended successful precocious 2021 aft a blow-off apical astatine $69,000 — a level that remained arsenic absorption for respective years and which triggered the commencement of a 77% carnivore marketplace drawdown.

Analysis sees manipulation and “buying the dip”

While crypto marketplace manipulation is seldom considered positive, Bitcoin whitethorn beryllium experiencing undue sell-side pressure, which is not reflective of existent demand.

This is the decision from fashionable trader CrypNuevo, who successful his latest X thread argued that the drawback BTC terms dip was thing but organic.

“Bitcoin made a caller ATH, but past a manipulated organized determination dumped terms causing $1B successful liquidations successful 24h. At the aforesaid clip that retail was getting stopped retired & liquidated... a manus bought each those liquidations,” helium summarized.

A large-volume purchaser connected crypto speech HTX, CrypNuevo argues, is simply attempting to bargain successful astatine little levels earlier the uptrend continues.

“It's probable that they ‘stopped the train’ to get a fewer much buys earlier it goes again. So it's imaginable that we spot immoderate consolidation, possibly choppy PA, for immoderate days earlier reclaiming again that $120k level,” helium continued.

“Once terms tin prolong supra $120k, we should spot a bully determination up.”

Exchange order-book information from CoinGlass shows however terms sliced done bid liquidity, with $114,000 the country of involvement astatine the clip of writing.

Jackson Hole meets Ukraine bid hopes

This week, the Federal Reserve’s yearly argumentation symposium successful Jackson Hole, Wyoming, is the lawsuit connected each trader’s calendar.

Chair Jerome Powell volition talk connected Friday successful what promises to beryllium a risky climax for marketplace uncertainty implicit aboriginal argumentation — specifically, involvement rates.

“Investor attraction volition beryllium fixated connected Federal Reserve Chair Jerome Powell’s Jackson Hole speech, and however the Fed is viewing the equilibrium of risks betwixt caller anemic labour marketplace information and rising inflation,” trading steadfast Mosaic Asset confirmed successful the latest variation of its regular newsletter, “The Market Mosaic.”

“Past speeches by Powell person delivered insights connected the metrics that cardinal slope officials are tracking to marque argumentation decisions.”

🇺🇸 UPDATE: Fed Chair Powell is acceptable to talk connected Friday, Aug. 22 astatine 10:00 A.M. ET connected economical outlook and model review. pic.twitter.com/CU7BRxC7D8

— Cointelegraph (@Cointelegraph) August 18, 2025

The Fed is caught betwixt rising inflation and weakening labor-market data, making neither raising nor lowering rates an charismatic option.

Analyzing existent employment trends, trading assets The Kobeissi Letter warned that a “generational jobs crisis” whitethorn begin.

“Now, the younker underemployment complaint has climbed by ~5 percent points implicit the past 2 years. This is astir successful enactment with the highest during the 2001 recession and the aboriginal stages of the 2008 Financial Crisis,” it observed successful portion of an X station astatine the weekend.

“This besides signals the US labour marketplace could weaken further, with young workers typically the archetypal to consciousness the interaction erstwhile the system turns. The occupation marketplace is rapidly deteriorating.”

At the aforesaid time, Powell is nether aggravated unit from Washington, peculiarly President Donald Trump, to chopped rates significantly. Trump has repeatedly called Powell “too late” successful doing so, and the latter’s successor is owed to beryllium unveiled shortly.

Risk-asset volatility, meanwhile, whitethorn extremity up heightened amid ongoing negotiations to extremity the Russia-Ukraine conflict.

Kobeissi described Monday’s upcoming gathering betwixt Trump and Ukrainian President Volodymyr Zelenskyy arsenic “crucial.” Markets are already “pricing in” a bid settlement.

End of “price find uptrend”?

While seeing aggregate short-term corrections, Bitcoin has enjoyed six weeks of coagulated uptrend truthful far.

As week 7 begins, however, fashionable trader Rekt Capital has a word of warning for bulls. Bitcoin bull marketplace uptrend phases, helium noted Sunday, person a wont of reversing aft betwixt 5 and 7 weeks.

“Historically, Bitcoin Price Discovery Uptrend 1 tends to extremity betwixt Week 6 & 8 of its uptrend. Whereas successful Price Discovery Uptrend 2, Bitcoin tends to extremity its uptrend betwixt Week 5 & 7,” helium explained.

“Week 7 of Price Discovery Uptrend 2 begins tomorrow.”

An accompanying illustration shows the assorted up and down phases of the existent bull market, measured from Bitcoin’s 2024 artifact subsidy halving. The illustration gives a near-term people of conscionable nether $160,000.

Continuing the latest uptrend into an eighth week would spot it successful the apical conception of history, echoing the 2017 bull market.

Bitcoin’s archetypal large correction of 2025, which followed the extremity of the archetypal uptrend, saw a 30% drawdown and section lows of conscionable nether $75,000.

Coinbase premium divergence raises eyebrows

Despite the latest terms drawdown, a fashionable US request metric suggests that marketplace momentum remains intact.

The Coinbase Premium, which measures the quality successful BTC prices betwixt the Coinbase BTC/USD and Binance BTC/USDT pairs, is successful affirmative territory this week.

A affirmative premium implies that Coinbase capitalist request is creating a terms spread with the largest planetary exchange, Binance — an encouraging motion for US request trajectory.

The past clip the premium dipped beneath neutral into the reddish was connected Aug. 12. BTC/USD made a caller all-time precocious the time after, but portion terms failed to hold, the premium has stayed buoyant.

“After fewer days of antagonistic premium, the Coinbase Premium is showing spot again,” onchain analytics level CryptoQuant summarized successful 1 of its “Quicktake” blog posts Monday.

“Is this the commencement of a caller leg?”

Considering the funny divergence betwixt terms and the premium, fashionable trader Cas Abbe nevertheless described the concern arsenic “strange.”

“Coinbase Bitcoin Premium is astatine its highest level successful a month, and BTC is going down. Now this could mean 2 things,” helium suggested to X followers.

“Either the purchaser is Saylor only, who has been twapping for days. Or, immoderate large entities are accumulating successful soundlessness earlier a large event. Maybe idiosyncratic knows astir Russia-Ukraine bid deal.”

Abbe referred to Michael Saylor, CEO of exertion steadfast Strategy, which has been adding BTC to its firm treasury astir play passim 2025. “TWAP,” oregon time-weighted mean price, is simply a signifier of concern method wherever a ample bid is filled successful aggregate tiny batches astatine regular intervals, helping to minimize marketplace slippage.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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