HEADSTYLE

✅Mainstream Cryptocurrency Price Fluctuations: On August 18, Bitcoin fell to $114,929.2, down 2.59%; Ethereum dropped to $4,244.45, down 5.02%; Dogecoin, SOL, XRP, SUI, and others fell more than 4%.
✅Cryptocurrency Market Liquidation Situation: CoinGlass data shows that as of August 18, over 110,000 people have been liquidated in the cryptocurrency market, with a total liquidation amount reaching $475 million.
✅Multi-Project Token Unlocks: On August 18, multiple projects conducted token unlocks, including Azarus unlocking 1.81M AZA, Ondo Finance unlocking 5.56M ONDO, Manta unlocking 1.39M MANTA, etc.
✅Japan to Approve Issuance of Yen Stablecoin: Japan's Financial Services Agency will approve the country's first issuance of a yen-denominated stablecoin, JPYC, this month. The fintech company JPYC Inc. will be registered as a remittance business company, and sales are expected to begin within weeks of registration.

Bitcoin (BTC) started July on a positive note, signaling renewed investor confidence during the summer months. As of July 3, 2025, BTC is trading around $109,500. The intraday high stands at $109,610, while the low is $107,272. This price range indicates that the market is steadily holding above key support zones.

From a technical standpoint, BTC price is experiencing a squeeze within the Bollinger Bands. Such a pattern often signals an impending significant price movement. Daily closes above $109,200 suggest a potential breakout to the upside. Resistance levels are seen at $114,000 and $120,000, while potential pullbacks may find strong support at $103,000 and $100,000.

On the fundamental side, interest in U.S.-based spot Bitcoin ETFs continues. Major institutions like Fidelity and BlackRock have seen substantial inflows into their ETF products, indicating strong institutional confidence in BTC. Additionally, MicroStrategy has now surpassed 597,000 BTC in holdings, further strengthening its position as the largest corporate Bitcoin holder.

On the macroeconomic front, the U.S. Dollar Index (DXY) continues to show weakness, creating a favorable outlook for Bitcoin. Moreover, the increased probability of the Federal Reserve cutting interest rates adds further support to the crypto market.

Overall, while Bitcoin’s short-term outlook appears bullish, investors should remain cautious of potential corrections, especially if the price dips below the $100,000 support zone.
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