Large Liquidations Mask Whale’s Buy-The-Bitcoin-Dip Strategy: Crypto Daybook Americas

The Sell-Off In The Cryptocurrency Market Deepented Over The Past 24 Hours, with Bitcoin BTC$ 109.655.40 Falling Below $ 109,000 for The FIRST TIME SINCE JULY 9 AND ETHER (ETH) Posting A 13% Correction From The Record High of Armond $ 4.950 IT HIT JUST TWO DAYS AGO.

The Coindesk 20 (CD20) and Coindesk 80 (CD80) Indices have 2% and 3.3%, Respectvely, Indicating Larger Losses in the Broader Altcoin Market.

The Downside Volatility Toasted Levered Futures Bets WORTH OVER $ 900 Million, with Long Positions Accounting for the Majority of the Tally.

The Slide Kicked Off on Sunday, WHEN A WHALE SOLD 25,000 BTC IN AN ILIQUID Market, Sparking A Flash Crash. Several theories have been Proceded to Explain the Whale’s Strategy, The MOST PROMINENT BEING THATE INTENTION Week, Thereby Lifting Prices.

“This whale is showering USTHING BIGGER, They KNOV The ETF/Sovereign Bid Is Infinite. So The only Way to Win is to Force Weak Hands to Puke and Thon Acumaucute Back Into. Sightbringer Said on X.

Accorging to mexc ventures, BTC is Now An Inflexion Point. IT Could Enter A Period of Consolidation Between $ 110,000 and $ 120,000 or Break Lower Toward $ 105,000 to $ 100,000.

“The Absense of a Fresh Macro Catalyst, Such As A Dovish Fed Policy Pivot, Rate Cuts, Or Renewed Inflows, Is Likely to Drive Btc Into a periost of Market Conce. Mexc’s Investment Director Leo Zhao Said in An Email.

Similarly, The Consensus Remains Bullish on Ether. However, The Sharp Decline from Sunday’s Record Suggests A Sustaned Breakout To New Highs Will Probably Require A Significant Catalyst Beyond Just Corporate Treasury ADOPTION.

XRP, Meanwhile, Lacks A Clear Directional Trend.

“WITH Bollinger Bands Constricting and Rsi Sitting at A Neutral 44, But Thin on Buying Volume, The Chart Is Whispering of a Potential Retst of $ 2.60 to $ 2.00,” “A Break Above the $ 3.10 Level with CONVICATION AND VOLUME, AND A RUN TRUS $ 3.40 Could Follow. But Derivative Markets Are Skewed Short, and Upside Stays Guarded Unil Mmentum

In Traditional Markets, The Treasury Yield Curve, RepreSeceded by the Spread Between 10- and Two-Yiear Yields and 30- and Two-Yiear Yields, Continues Toten.

Meanwhile, Longer-Duration Japanese Government Bond Yields Are On the Verge of Hitting New MultideCade Highs, Wich Could Potentilly Inject. Stay Alert!

What to Watch

• Crypto
  • Aug. 27, 3 Am: Mantle Network (MNT), an Ethereum Layer-2 Blockchain, Will Roll Out It Mainnet Upgrade to Version 1.3.1, Enabling Support for Ethereum’s Prague Update Andwucing An Information And Wel Developers.
• Macro
  • Aug. 26, 8:30 AM: The US Census Bureau Releases July Manufactured Durable Goods Orders Data.
    • Durable Goods Orders Mom Est. -4% vs. Prev. -9.3%
    • Durable Goods Orders Ex Defense Mom Prev. -9.4%
    • Durable Goods Orders Ex Transportation Mom Est. 0.2% Vs. Prev. 0.2%
  • Aug. 26, 10 AM: The Conference Board (CB) Releases August US Consumer Confidentnce Data.
    • CB Consumer Confidentnce Est. 96.4 Vs. Prev. 97.2
  • Aug. 27: The US Will Impose An Additional 25% Tariff on Indian Imports Related to Russia Oil Purchases, Raising Total Tariffs on Many Goods to About 50%.
  • Aug. 28, 8 AM: Mexico’s National Institute of Statistics and Geography Releases July Unemployment Rate Data.
    • UNEMPLYMENT RATE EST. 2.9% Vs. Prev. 2.7%
  • Aug. 28, 8:30 AM: The US Bureau of Economic Analysis (Bea) Releases (2nd Estimate) Q2 GDP DATA.
    • Core Pce Prices QOQ ST. 2.6% Vs. Prev. 3.5%
    • GDP Growth Rate QOQ EST. 3.1% Vs. Prev. -0.5%
    • GDP Price Index QOQ EST. 2% vs. Prev. 3.8%
    • GDP Sales QOQest. 6.3% Vs. Prev. -3.1%
    • PCE PRICES QOQ EST. 2.1% Vs. Prev. 3.7%
    • Real Consumer Spending QOQ EST. 1.4% Vs. Prev. 0.5%
  • Aug. 28, 1:30 PM: Uruguay’s National Statistics Institute Releases July Unemployment Rate Data.
    • Unemployment Rate Prev. 7.3%
  • Aug. 28, 6:00 PM: Fed Governor Chrisopher J. Waller Will Speak on “Payments” at the Economic Club of Miami Dinner, Miami, FLA. Watch Live.
• Earnings (Estimates Based On Factor Data)
  • Aug. 27: NVIDIA (NVDA), Post-Market, $ 1.00
  • Aug. 28: Iren (Iren), Post-Market, $ 0.18

TKEN EVENTS

• Governance Votes & Calls
  • Iota Iota$ 0.2005 is voteing on kinder to “go all-in iota infrastructure and growth with tangle dao.” Voting Closes Aug. 26.
  • Iotex Iotx$ 0.02799 is voteing on kinder to introduce slashing for underforming Iotex delegates. Voting Closes Aug. 26.
  • Aug. 26: ZEBEC Network ZBCN$ 0.004477 to host ask me anything with World Mobile at 10 Am
  • Aug. 26: Solana SOL$ 187.34 to host Solana Live At 4.30 pm
• Unlocks
  • Aug. 28: Jupiter Jup$ 0.4632 To Unlock 1.78% of It Circulating Supple Worth $ 26.36 Million.
  • Sep. 1: sui Sui$ 3.3725 To Release 1.25% of It Circulating Supple Worth $ 153.1 Million.
  • Sep. 2: Ethena Ena$ 0.6261 to release 0.64% of it Circulating Supple Worth $ 25.64 Million.
• TKEN LAUNCHES
  • Aug. 26: Centrifuge CFG$ 0.2647 to list on bybit and bitrue.
  • Aug. 26: Alt.town (Town) to List on Gate.io and Bitget.

ConferencesThe Coindesk Policy & Regulation Conference (Formerly Known as State of Crypto) is a One-Day Boutique Event Held in Washington on Sept. 10 that Allows General Counsels, Compliment Officers and Regulatory Executives to Meet with Public Officials Responsible for Crypto Legislation and Regulatory Oversight. Space is limited. Use Code CDB10 For 10% Off Your Registration Through Aug. 31.

• Aug. 26: Webx 2025 (Tokyo)
• Aug. 27: Blockchain Leaders Summit 2025 (Tokyo)
• Aug. 27-28: Stablecoin Conference 2025 (Mexico City)
• Aug. 28-29: Bitcoin Asia 2025 (Hong Kong)

Token TalkBy shaurya malwa

• Blue-Chip Nft Collections Faced Steep Weekly Losses As Ether (ETH) Pulled Back from Record Highs, Wiping More than 10% Off The Value of Most Top Projects.
• Pudgy penguinsThe Leading Collection by Trading Volume, Droped 17% to A 10.32 Eth Floor, SHOWING THAT EVEN The Sector’s Strongest Liquidity Magnet Couldn’t Escape The Downturn.
• Bored Ape Yacht Club (Bayc) Lost 14.7% to 9.59 ETH, While Doodles Recorded One of the Sharpest Corrections, Falling 18.9% to 0.73 ETH.
• Secondary Projects Also Slumped: Moonbirds Fell 10.5%, and Lil pudgys SHED 14.6%, REFLECTING HOW PRICE Pressure Cascaded Across Both Flagsip and Derivative Collections.
• Cryptopunks Proved MOST Resilient, Lozing Just 1.35% Over The Week, UndersCoring It Status As The Market’s Defensive Benchmark WHEN RISK APPETITE COLLPSES.
• Despite Lower Floors, Trading Activity Stayed High. Pudgy Penguins Saw 2,112 ETH ($ 9.36 Million) in Weekly Volume, Followed by Moonbirds (1.979 ETH), Cryptopunks (1,879 ETH), and Bayc (809 ETH).
• Overall Nft Market Capitalization Shrank Nearly 5% to $ 7.7 Billion, Down From A $ 9.3 Billion Peak On Aug. 13. The $ 1.6 Billion Drawdown Highlights How Quickly Capital Flees WHEN Eth Slumps.
• The Sharp Contrast Between Resilient Cryptopunks and Sliding Newer Collections StrengThens ITS APPEAL AS A COLLATAral Asset. ITS LIQUidity Holds Up Even As Broader Nft Floors Collaps.
• For investors, The Sell-Off Signals That Nft Blue Chips Remain High-Beta Eth Proxies, With Only Legacy Projects Like Cryptopunks Showing The Defensive Value Bet.

Derivatives Positioning

• LEVERGED CRYPTO BULLS BEEN BURNED, COME FUTES BETS WORTH $ 940 Million Liquidated in The Past 24 Hours. More than $ 800 Million Were Long Positions Betting on Price Gains. Ether Alone Accounted for $ 320 Million in Liquidations.
• Still, Overall Open Interest (Oi) in BTC Remains Elevated Near Lifetime Highs Above 740k BTC. In Ether’s Case, The Oi Has Pulled Back to 14 Million Eth from 14.60 Million Eth.
• Oi in Sol, XRP, Doge, Ada, and Link Also Droped in the Past 24 Hours, Indicating Net Capital Outflows.
• Despite the price volatility, Funding Rates for Most Major Major Tokens, Excluding Shib, Ada and Sol, Remains Positive to Suggest Dominance of Bullish Long Positions.
• Oi in the CME-LITTED STANDARD BTC FUTURES HAS FALLEN BACK TO 137.3K from 145.2k, Reversing the Minor Bounnce from Early this month. It Shows that Institutional Interest in Trading These Regulated Derivatives Remains Low. Oi in Options, However, Has Continued to Increase, Reaching Its Highest Since Late May,
• CME’S Ether Futures Oi Remains Elevated AT 2.05 Million Eth, Just SHY OF THE RECORD 2.15 Million Eth on Aug. 22. MEANWHILE, OI IN ETHER OPTIONS IS NOW AT IT HIGHEST SINCE SEPTEMBER LAST YEAR.
• On Deribit, The Impending Multibillion-Dollar Expiry on Friday Shows a Bias Towards Btc Puts, Indicative of Conceerns PRICES Are Set to Drop Further. The Impending Ether Expiry Paints A More Balanced Picture.
• Flows on the otc desk at paradigm have been mixed, foaturing Strategies Such as Outright Put Buying and Put Spreads in BTC, As Well As Calls and Risk Reversals in Eth.

Market Movements

• BTC IS UP 0.55% FROM 4 PM ET MONDAY AT $ 111,825.43 (24hrs: -0.66%)
• ETH IS UP 1.55% AT $ 4,420.50 (24hrs: -2.56%)
• Coindesk 20 IS UP 1.45% AT 4.003.25 (24hrs: -2.14%)
• Ether Cesr Composite Staking Rate Is Up 12 BPS at 2.95%
• BTC FUNDING RATE IS AT 0.0038% (4.1194% Annualized) On Binance

• DXY IS DOWN 0.11% AT 98.32
• Gold Futures are uncanged at $ 3.419.60
• Silver Futures Are Down 0.36% AT $ 38.56
• Nikkei 225 Closed Down 0.97% AT 42,394.40
• Hang Seng Closed Down 1.18% AT 25,524.92
• Ftse is down 0.61% AT 9,264.86
• Euro Stoxx 50 is Down 0.87% AT 5.396.84
• DJIA CLOSED ON MONDAY DOWN 0.77% AT 45,282.47
• S&P 500 CLOSED DOWN 0.43% AT 6,439.32
• NASDAQ composite Closed Down 0.22% AT 21,449.29
• S&P/Tsx Composite Closed Down 0.58% AT 28,169.94
• S&P 40 Latin America Closed Down 0.38% AT 2.727.04
• US 10-YEAR Treasury Rate is up 2.5 BPS at 4.30%
• E-mini S&P 500 Futures Are Down 0.12% AT 6,447.75
• E-mini NASDAQ-100 Futures Are Down 0.13% AT 23,468.75
• E-mini Dow Jones Industrial Average Index Are Down 0.13% AT 45,293.00

Bitcoin Stats

• BTC Dominance: 58.6% (-0.33%)
• Ether-Bitcoin Ratio: 0.04007 (0.79%)
• Hashrate (Seven-Day Moving AVERAGE): 9 44 eh/s
• HashPrice (Spot): $ 53.67
• Total Fees: 2.85 BTC / $ 318,222
• CME FUTures Open Interest: 137,315 BTC
• BTC PRICED IN GOLD: 32.6 Oz.
• BTC VS Gold Market Cap: 9.27%

Technical AnalysisBTC’s Daily Charts. (TradingView/Coindesk)

• BTC’s Recent Breakdown of the Ascending Channel and A Horizontal Support Line (Right) Looks Quite Similar to the Bearish Turnaround from $ 110,000 from Early This Year.
• The Latest Move Could Invite Stronger Selling Pressure, Potentilly Yielding A Deeper PullBack as Seen in March and Early April.

Crypto equities

• Strategy (Mstr): Closed On Monday at $ 343.2 (-4.17%), Unchanged In Pre-Market
• Coinbase Global (Coin): CLOSED AT $ 306 (-4.33%), +0.49% AT $ 307.49
• Circle (CRCl): Closed AT $ 125.24 (-7.26%), UnCCAGED IN PRO-MARKET
• Galaxy Digital (GLXY): CLOSED AT $ 24.55 (-3.99%), -0.45% AT $ 24.44
• Bullish (BLSH): CLOSED AT $ 65.18 (-7.96%), -1.20% AT $ 64.40
• MARA HOLDINGS (MARA): CLOSED AT $ 15.4 (-5.46%), -0.32% AT $ 15.35
• Riot Platforms (Riot): CLOSED AT $ 13.28 (+0.45%), -1.28% AT $ 13.11
• Core Scientific (Corz): CLOSED AT $ 13.68 (+0.96%), -0.44% AT $ 13.62
• Cleanspark (CLSK): CLOSED AT $ 9.45 (-3.77%), Unchanged In Pre-Market
• Coinshares Valkyrie Bitcoin Mines Etf (WGMI): Closed AT $ 28.61 (+1.13%), -0.63% AT $ 28.43
• Semler Scientific (SMLR): CLOSED AT $ 30.02 (-4.49%)
• Exodus Movement (Exod): Closed At $ 26.26 (-3.92%), UnChanged In Pre-Market
• Sharplink Gaming (SBET): CLOSED AT $ 19.17 (-8.15%), +0.78% AT $ 19.32

ETF FlowsSPOT BTC ETFS

• Daily Net Flows: $ 219.1 Million
• Cumulative Net Flows: $ 54 Billion
• Total BTC Holdings ~ 1.29 Million

Spot eth etfs

• Daily Net Flows: $ 443.9 Million
• Cumulative Net Flows: $ 12.89 Billion
• Total Eth Holdings ~ 6.34 Million

Source: Farside Investors

Chart of the dayStablecoin Supple on Solana. (Artemis)

• The Total Stablecoin Supple on the Solana Blockchain Has Increated by $ 11.9 Billion this Month, The Highest Since April.
• However, The Transaction Volume Has Held Low Near $ 200 Billion, Having Peaked at Over $ 2 Trillion in December.
• It Shows That While Stablecoin Supplies Continue to Increase, The on -chain Activity Has Cooled.

While You Were Sleeping

• Massive $ 14.6b Bitcoin and Ether Options Expiry Shows Bias for Bitcoin Protection (Coindesk): On Deribit, Friday’s Expiry Shows Traders Piling Into Bitcoin Puts ARUNCOIN. While Ether Positions Look More Evenly Split Between Bullish and Bearish Bets.
• Bitcoin Suffers Technical Setback, Loses 100-Day AVERAGE as Xrp, Eth and Sol Hold Gund (Coindesk) Sol Mainten Stronger Footing that Could Let Them Outperform BTC and XRP in Risk-on Conditions.
• Polymarket Bettors Doubt Trump Can Tople Jerome Powell OR Lisa Cook This Year (Coindesk) A 27% CHANCE THAT COOK DEPARTS HER POST THIS YEAR.
• ‘Powerful Optics’: China’s XI to Welcome Putin, Modi in Grand Show of Solidarity (Reuters) Gives China A Stage to Parade Global South Solidarity Against the US Amid Geopolitic Uncertain.
• Peter Thiel-Backed Crypto Exchange Bitpanda Rules Out UK Listing (Financial Times) Mainland Europe Than the UK
• Lisa Cook Says She Will Not Step Down From The Fed (The New York Times): Trump Cited Unproven Mortgage-Fraud Allegations to Justify Fed Governic. Her Lawyer Called The Move Unlawful and Warned It Could Undermine the Central Bank’s Independence.

In the Ether