๐จ Crypto Market Dips: $3.96T Cap Tested โ Bull Run on Pause? ๐จ
๐ Market Snapshot (12 Aug 2025)
Market Cap: โฌ๏ธ 2.54% to $3.96T
Trading Volume: โฌ๏ธ 11.01% to $192.79B
BTC Dominance: ๐ช 59.7% | ETH Dominance: ๐ 13.1%
Fear & Greed Index: ๐ Greed at 60
๐ฐ Why Prices Fell Today?
1๏ธโฃ Profit-Taking After the Pump ๐โก๏ธ๐
BTC dropped to $118,883 โ $72M in long liquidations. ETH hit hardest: $130M liquidated. RSI at 88.6 = ๐จ Overbought Zone. Traders cashed out despite bullish headlines (Metaplanet $61M BTC buy, BlackRockโs ETH ETF inflows).
2๏ธโฃ Altcoin Supply Flood ๐
$653M in token unlocks = extra sell pressure. DOGE ๐: -5.81% after 95.49M DOGE unlock + 1B DOGE sent to exchanges. Arbitrum -6.76%, Sui -6.28%.
3๏ธโฃ Macro & Stock Market Drag ๐
U.S. stocks slipped after Trumpโs 90-day China tariff pause: Dow -0.5%, S&P -0.2%, Nasdaq -0.3%. CPI report due โ market cautious. Gold ๐ฅ +0.75% to $3,355, BTCโgold correlation at +0.75.
๐ When Could a Rebound Happen?
๐ Expected Window: Within 24โ72 hours after U.S. CPI data release (this week).
๐ก Conditions for a Strong Bounce:
๐ CPI below expectations โ boosts hopes of Fed rate cuts.
๐ BTC holds $118k support and reclaims $120k quickly.
๐ช Altcoin sell pressure eases (token unlock cycle ends). ๐ U.S. stocks stabilize or rally post-CPI.
โ ๏ธ Risk: Hotter-than-expected CPI โ market could retest $3.2T 200-day EMA.