Key points:
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Bitcoin takes another hit to discover prices while volatility returns with the traders of Wall Street.
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Cryptographic liquidations reduce $ 500 million in 24 hours.
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The ether translates into $ 150 of new heights of all time as institutional interests increase.
Bitcoin (BTC) asked for new heights of all time from Wednesday open in Wall Street while institutional demand punished late shorts.
Bitcoin, altcoin liquid 500 million dollars
Cointelegraph Markets Pro and TradingView data showed BTC / USD piercing the $ 122,000 mark before cooling.
In addition to 1% during the day, the pair faced a resistance around the summits of all current time when the short positions were liquidated in the cryptographic markets.
Resource Correglass surveillance data has a total liquidation 24 hours a day to more than half a billion dollars when writing this document.
“$ BTC has crossed”, the negotiation commentator Thekingfisher partly summed up a reaction on X.
The popular merchant Daan Crypto Trades concluded that Bitcoin would continue to go or extinguish the discovery of prices afterwards.
“BTC is still linked to the beach currently and will have to be decomposed in price discovery, or continue to go laterally to constitute more positions on both sides,” he told X data about Coringlass data.
“No major liquidity cluster nowhere nearby at the moment to leave.
The anticipation of new peaks of all time for the best Altcoin, Ether (ETH), continued to rely on the day, ETH / USD reaching its highest levels since December 2021 – less than $ 150 from unexplored territory.
Ether and Bitcoin have set up an increase in institutional interest. As Cointelegraph reported, the blockchain technology company announced a funding cycle of $ 20 billion to buy ETH, while institutional entities represented 75% of the Coinbase negotiation volume on Tuesday.
$ 126,000 “Pivotal” for Bitcoin in the future
In a news for Bulls, the popular merchant and analyst Rekt Capital said that $ 120,000 was now support for BTC prices.
In relation: BTC Price to fill a CME difference of $ 117,000? 5 things to know in Bitcoin this week
“Bitcoin has fully confirmed its rupture of the Taurus flag and transformed the level of $ 120,000 into new support. Bitcoin quickly took the continuation of the trend, with a chance to challenge the new heights of all time,” he wrote the day.
Rekt Capital added that $ 126,000 would be the “pivot” price to watch.
The level of ~ $ 126,000 will be the pivot price in the future$ BTC #Crypto #Bitcoin https://t.co/rotsrrsc07
– Rekt Capital (@RectCapital) August 13, 2025
For ether, he said, $ 4,631 would be the level of support necessary to feed an excursion in the discovery of prices.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.