Bitcoin Slides to ~$118.8K as Traders Brace Ahead of Key CPI Report (Aug 12, 2025)

Live Market Snapshot:

Price: Bitcoin is currently trading at $118,834, down around 2.3% from the previous close.

Intraday Range: High of $121,685 and a low of $118,355 — showing heightened volatility ahead of U.S. inflation data.

What’s Driving the Move:

CPI Anxiety Rises: Traders are scaling back risk appetite as they await U.S. inflation data, with markets jittery about potential adjustments to Fed rate-cut expectations.

$115K Put Hedging Intensifies: Options data shows increased put buying at 115K–118K strikes—indicating growing protection bets.

Crypto Market Pullback: The broader crypto market shed around $18 billion, with overall capitalization dipping to approximately $3.91 trillion.

Trade Outlook & Strategy:

Scenario Strategy Idea Target Zone

Bull Recovery Accumulate near $118K Rally back to $122K

Bearish Breakdown Watch breach below $118K Potential drop to $115K

Event-Driven Alert Await CPI print and react quickly Set ranges around volatility

Engagement Prompt:

"Bitcoin has retraced from $121K highs to around $118.8K as inflation data looms—are you buying the dip or waiting on the breakout? Share your trade plan and tag your crypto crew below!"

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#Bitcoin #BTC #CryptoNews #CPI #MarketWatch #CryptoTrading #BinanceFeed #Write2Earn #TradingIdeas