Bitcoin 'roller coaster': After reaching a new high of $124,500, blood flows like a river
On August 14, Bitcoin set a historic record of $124,500, but the frenzy lasted only a few hours before being bloodily wiped out! The price plummeted below the key support of $117,500, crashing by $7,000, with a daily drop of 4.24%, hitting a low of $117,000. The market instantly evaporated 3.9% of its total market value, with altcoins faring worse—tokens like REZ and SSV generally plummeted over 15%, resulting in a complete rout.
A wave of liquidations swept through: $1 billion turned to ashes
This flash crash triggered a chain liquidation! CoinGlass data shows that in the past 24 hours, 230,000 investors suffered liquidation, with total losses reaching $1.062 billion. Among them, long positions became the hardest hit, with $880 million in long positions forcibly liquidated, while short positions faced liquidations of only $180 million. The leverage frenzy ultimately turned into a death spiral of 'longs killing longs.'
The culprit of the crash: The ghost of inflation and policy 'flip-flops'
The fuse points directly to the U.S. July PPI data—month-on-month soaring by 0.9%, the largest increase since June 2022, far exceeding the expected 0.2%! This stands in stark contrast to the 'mild' CPI from three days ago, leading to a sharp drop in market expectations for a Fed rate cut in September, with the dollar rising and crushing risk assets.
An even deadlier blow came from U.S. Treasury Secretary Basant. He claimed on Fox Business Channel: 'The government will not directly purchase more Bitcoin,' which the market interpreted as a cooling of official interest. Although he later clarified that 'we will increase holdings through budget-neutral methods such as asset seizures,' the panic had already spread like wildfire.
Whale's secret battle: 1.8 billion ammunition in position, bottom signals emerging
Hidden mysteries in the crisis! CryptoQuant monitoring shows that $1.82 billion in stablecoins surged into Binance. Analysts assert: 'Such inflows indicate that funds are about to enter the spot market, or it could be a strategic bottom-fishing signal.' On-chain data further reveals—whale addresses holding over 1,000 BTC took advantage of the crash to scoop up 18,000 bitcoins, with costs concentrated in the $118,000-$120,000 range. The derivatives market remained calm: Bitcoin futures' annualized premium held steady in the neutral range of 9%, with institutions still optimistic about the mid-term trend.
2. The Trump storm: Aiming for the 'liberation' of the capital, strong pressure on the Federal Reserve, secret meetings with Putin!
'Liberate Washington': Military moves into the capital, mayor angrily denounces overreach
On August 11, Trump suddenly declared on social media: 'Today is the liberation day of Washington D.C.!' Citing Article 740 of the Home Rule Act, he brazenly placed the D.C. police department under direct federal control and dispatched 800 National Guard troops to the streets, threatening that 'crime, barbarism, and filth must disappear.' Previously, he had threatened: 'The homeless must leave immediately; criminals will face our action if they do not go to prison!'
D.C. Mayor Bowser fiercely retaliated, emphasizing that local crime rates have dropped by 26%, angrily denouncing Trump as actually 'expanding federal power.' A constitutional crisis is imminent.
Bombarding the Federal Reserve: Threatening Powell's liquidation
Trump's war against the central bank escalates! On August 12, he published a post harshly criticizing Federal Reserve Chairman Powell for 'always acting too late,' threatening to allow lawsuits against him, and stating that his initial nomination was a 'wrong choice.' He had repeatedly demanded immediate interest rate cuts and even threatened to remove Powell from office—due to the critical pressure from U.S. government debt interest.
Putin's secret meeting: 2 minutes to determine Ukraine's fate?
On August 15, Trump and Putin held high-stakes talks in Alaska! He hinted early on: Ukraine must cede territory for peace, 'Russia has occupied a large area, and we will reclaim part of it.' He stated that he could determine within '2 minutes' whether the Russian side was willing to trade.
Zelensky's attitude dramatically softens—according to British media reports, Kyiv may tacitly accept Russian control over the four eastern regions and Crimea in exchange for NATO membership and weapon guarantees. The geopolitical landscape faces a reshaping.
Tariff blitzkrieg: Concessions to China, gold pardoned
A last-minute 'ceasefire' with China! Late at night on August 11, Trump postponed signing the suspension of tariffs against China, ultimately extending it for 90 days. The Chinese Ministry of Commerce simultaneously announced: both sides will suspend mutual tariffs of 24%, leaving only a base tax rate of 10%. Behind this is the undeniable pressure on the U.S. economy—non-farm employment plummeted to 73,000, and retailers' inventories piled up like mountains.
On the same day, he suddenly pardoned the gold tariffs, causing COMEX gold prices to plummet by 2%. Policy reversals shook the market: just a week ago, Swiss gold bars had just been included in a 39% tax list, but now the abrupt turnaround exposes rifts within the ruling team.
The bloody game of finance and power
At the moment Bitcoin fell from its peak, the whales had already opened their giant nets for bottom fishing; the gunfire of Trump's 'liberation of the capital' had not ceased, and the territorial deal under the Alaska negotiation table quietly took shape—this was not only a terrifying 72 hours for the capital markets but also a life-and-death arena of political gambling.
Gold plummets, the crypto market bleeds, military moves into the capital... The world is searching for a new order amidst the cracks of madness and calm. The only certainty is: whether it’s the glint of blades on candlestick charts or the clandestine conspiracies in the halls of power, the struggle between greed and fear will never end.
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