Will Bitcoin, Ethereum, XRP, Dogecoin Hold Key Levels, 'Before Major Market Shifts?'

Author: Khyathi Dalal | August 14, 2025 04:05pm

Cryptocurrency markets are trading lower as overshooting producer price inflation stopped the altcoin rally.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$118,203.36
Ethereum	(CRYPTO: ETH)	$4,562.59
Solana	(CRYPTO: SOL)	$194.91
XRP	(CRYPTO: XRP)	$3.09
Dogecoin	(CRYPTO: DOGE)	$0.2247
Shiba Inu	(CRYPTO: SHIB)	$0.00001293

Notable Statistics:

• IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 4% and grew 18.7%, respectively in a single day. Daily active addresses grew 0.2% and 1.2%, respectively.
• Coinglass data shows 220,452 traders were liquidated in the past 24 hours for $1.05 billion.   
• The top losers in the past 24 hours include Pudgy Penguins (CRYPTO: PENGU), SPX6900 (CRYPTO: SPX) and Virtuals Protocol (CRYPTO: VIRTUAL).

Notable Developments:

• $420 Million Wiped Out In 20 Minutes — What The Inflation Shock Reveals About Bitcoin, Ethereum
• EASE Protocol Rolls Out Government And Enterprise-Grade Blockchain Tools For Real-World Applications
• Bullish (BLSH) Makes Explosive Market Debut, Stock Soars Post-IPO
• Trump Sons Back $1.5B World Liberty Financial Token Deal

Trader Notes: Crypto trader Jelle says Bitcoin is closing in on a full gap fill, calling the drop normal market behavior rather than a reason to panic.

He advises reducing leverage, stepping away from the charts, and expecting stabilization soon.

Glassnode data shows Bitcoin's at-the-money implied volatility is sitting at multi-year lows across all timeframes, a signal that traders may be underestimating risk. Historically, such conditions often precede sharp price moves ahead of "major market shifts."

At-the-money implied volatility for #Bitcoin options remains near multi-year lows across all tenors. Historically, such suppressed volatility often precedes sharp moves, as traders tend to underprice risk before major market shifts. pic.twitter.com/WPooyWXbKR

— glassnode (@glassnode) August 14, 2025

More Crypto Online points out that Bitcoin's lower Fibonacci support aligns with the CME gap, making it a prime candidate for a potential cycle low to preserve the bullish "white" scenario.

A break below this area would put the next support at $114,740 and flip the outlook to the "yellow" scenario.

Titan of Crypto notes Bitcoin has reached its long-term trendline, a major technical level. While the weekly RSI still suggests room for upside, he stresses the importance of monitoring this point closely.

#Bitcoin Long-Term Trendline 🎯#BTC has reached its long-term trendline, a level worth keeping an eye on.

Weekly RSI suggests there could still be some upside, but this is an important technical point to watch. pic.twitter.com/gpye1xQHS2

— Titan of Crypto (@Washigorira) August 14, 2025

Nebraskangooner observes Bitcoin's price structure closely tracking the 2021 topping pattern, with the same Fibonacci resistance in play and a "sell approaching" signal at nearly the identical stage.

Read Next: 

• Bitcoin, Ethereum Tumble After Inflation Surprise

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $SHIB $SOL $SPX $XRP