Author: Monchi | Editor: Monchi

1. Bitcoin Market

Bitcoin Price Trend (2025/08/09-2025/08/15)

This week, Bitcoin's price overall presented a rhythm of "steady rise - brief pullback - surge again - technical correction", maintaining a high-level oscillation range. The price structure was clear, with capital flow and news intertwining, driving both short-term fluctuations and trend continuation.

Steady Rise Stage (August 9 - August 11)

On August 9, Bitcoin price climbed from $115,939 to $117,774; on August 10, it rose from $116,592 to $118,897; on August 11, it quickly surged from $118,257 to $122,292. During this period, the price's low points continuously elevated, with K-line forming a stable upward channel. Bulls dominated obviously, with buying power steadily released, and trading volume moderately expanding, indicating institutional and long-term funds entering simultaneously, with market sentiment trending positively.

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According to Investing.com data, as of August 15, 2025, Bitcoin's 14-day Relative Strength Index (RSI) is 42.354, in a neutral to weak area (30-50 interval). The RSI close to 40 indicates slightly stronger selling pressure recently, but has not yet reached the oversold zone (RSI). 2. Moving Average (MA) Analysis MA 5 (5-day moving average): $120,039 MA 20 (20-day moving average): $118,103 MA 50 (50-day moving average): $113,752 MA 100 (100-day moving average): $105,370 Current price: $118,821 From the moving average arrangement, short-term moving averages (MA 5, MA 20) show an upward turning trend, but MA 5 is slightly above the current price, indicating potential short-term price pressure. The medium-term moving average (MA 50) remains below the current price, providing support and showing an overall bullish medium-term trend. The long-term moving average (MA 100) is far below the current price, indicating a strong long-term trend. The moving average arrangement is in a mixed state, with potential for short-term oscillation. If MA 5 breaks above MA 20 forming a golden cross, short-term upward momentum may strengthen. 3. Key Support and Resistance Levels Support Levels: Short-term key supports are at $118,000 and $117,500. If these support areas remain effective, the market may gradually recover, accumulating energy for potential recovery. Resistance Levels: The primary short-term resistance is at $120,000 and $122,000. If the price breaks through $120,000, it may trigger a short-term acceleration in growth, significantly boosting bullish sentiment. If it encounters resistance and falls back, the price may continue to oscillate between $118,000-$120,000. Comprehensive Analysis Currently, Bitcoin's price is in a medium to short-term consolidation phase, with balanced bullish and bearish forces. Technically, the RSI shows a slightly weak market but has not entered the oversold zone, indicating limited downside risk. The moving average arrangement suggests a bullish medium to long-term trend, with potential for price consolidation near support levels. If the price breaks through the $120,000 resistance, it may trigger a short-term rebound; otherwise, it may continue range-bound trading. Market Sentiment Analysis As of August 15, the Fear & Greed Index is 59, in the "Neutral" zone, showing cautiously optimistic market sentiment without excessive greed. The index has been gradually rising from neutral to slightly greedy, reflecting investors' increasing risk appetite. Macroeconomic Background 1. US Inflation Data and Fed Rate Cut Expectations CPI showed a 2.7% year-on-year increase in July 2025, with expectations of potential Fed rate cuts. PPI data exceeded market expectations, causing some uncertainty about immediate rate cuts. 2. Bitcoin Reaches Historic High Bitcoin price rose nearly 32% this week, breaking historical highs and reaching over $124,000, driven by positive policy signals and institutional capital inflow. 3. US Treasury Secretary's Bitcoin Policy Statement On August 14, 2025, the Treasury Secretary announced no additional Bitcoin purchases, only retaining already seized assets, causing a brief price pullback. 4. Global Economic Environment UK's economy grew 0.3% in Q2 2025, while US stock markets remained strong despite inflation data, showing optimism about economic prospects.

3. Hash Rate Changes

This week, the Bitcoin network's hash rate showed a trend of "decline - oscillation - rapid rise". On August 9, the hash rate fell to the week's low of 658.70 EH/s, indicating a slight adjustment in short-term miner computing power. From August 10 to 13, the hash rate fluctuated between 800 EH/s and 1 ZH/s, briefly breaking through 1 ZH/s on August 13 to reach 1.0918 ZH/s, showing that miner computing power was beginning to actively recover. On August 14, the hash rate showed a strong upward trend, rising to 1.2275 ZH/s and setting a new historical high, demonstrating miners' active participation and further enhancing network security. Overall, the Bitcoin network's computing power showed a recovery growth trend this week, with significantly expanded fluctuation range, reflecting miners' enthusiasm and market activity rising simultaneously.

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China Remains Cautious About Issuing RMB Stablecoin

On August 10, according to Caixin, the development of quantum computing has raised security concerns for blockchain technology of cryptocurrencies like BTC. Caixin learned from multiple policy professionals that since late June, multiple meetings have been held to discuss stablecoin and cryptocurrency trends, indicating continued research while calling for cooling down media hype. Regulators are closely monitoring stablecoin and related technology developments, maintaining a cautious stance on issuing RMB stablecoin.

Wisconsin Proposes New Bill SB 386: Bitcoin ATMs to Enforce KYC and Set $1,000 Transaction Limit

On August 12, the Wisconsin State Senate proposed new bill SB 386, requiring all Bitcoin ATMs to implement comprehensive identity verification (KYC), mandating transaction identification and setting a $1,000 per-transaction limit, along with collecting additional personal information to enhance regulation.

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Seoul's Gangnam District Intensifies Crypto Tax Evasion Crackdown, Recovering Approximately $245,000 in Taxes Since Late Last Year

On August 12, according to Cryptonews, Seoul's Gangnam District is strengthening tax enforcement for crypto holders. Since late last year, the district has recovered approximately 340 million Korean won (about $245,000) in unpaid taxes through crypto seizures. By collaborating with Korea's five major crypto exchanges, they seized BTC and other cryptocurrencies to collect unpaid taxes. District officials noted that many residents own substantial virtual assets, and seizures have significantly improved voluntary tax payment rates.

Brazil's Sixth-Largest City Passes Bill to Become "Bitcoin City"

On August 13, according to @pete_rizzo_, Brazil's sixth-largest city passed a bill in the second round of voting, set to become the country's "Bitcoin City".

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Additionally, Bitfarms has launched a stock buyback program, repurchasing 4.9 million shares at an average price of $1.24 per share as of August 8.

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8. Bitcoin-related News

Bitcoin Accumulation Dynamics Summary This Week:

1. Harvard University Holds $117 Million Bitcoin ETF, Surpassing Google's Parent Company

On August 9, Harvard University held a BlackRock Bitcoin ETF (IBIT) worth $117 million at the end of the second quarter, ranking fifth globally and exceeding its $114 million Alphabet stock holdings. IBIT currently manages approximately $84 billion in assets.

2. El Salvador Adds 1 BTC, Total Holdings Reach 6,265.18 BTC

On August 11, El Salvador's Ministry of Finance data showed the country added 1 BTC 6 hours ago, with total holdings of 6,265.18 BTC, valued at approximately $763 million.

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On August 11, according to CoinDesk, Blue Origin, the space company owned by Amazon founder Jeff Bezos, announced that it will accept BTC, ETH, SOL, USDT, and USDC as payment methods for its New Shepard spacecraft space travel services.

Previously, Justin Sun boarded the Blue Origin spacecraft, flew to space and returned to Earth, with a total duration of 10 minutes and 14 seconds.

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Nakamoto CEO: Will Purchase $1 Billion of BTC Tomorrow

On August 11, Nakamoto CEO David Bailey posted on X platform that he will purchase $1 billion of BTC tomorrow, writing: "Since I first encountered Bitcoin, I have always dreamed of buying $1 billion worth of Bitcoin in one go, and this dream will come true tomorrow."

Cathie Wood: ARK Maintains Bitcoin Price Prediction of Over $1 Million Within Five Years

On August 12, according to CoinDesk, ARK Invest CEO Cathie Wood stated that ARK's bullish expectation for Bitcoin still far exceeds $1 million in the next five years. Wood said that Bitcoin has become the main entry point for institutions into the digital asset field and is gradually replacing gold as a store of value. She emphasized that ARK has not changed its view on this.

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Trump's Crypto Investments Have Generated $2.4 Billion in Profits

On August 13, according to Cointelegraph, Trump's crypto investments have generated $2.4 billion in profits since 2022.

The report states that this income accounts for 43.5% of his personal wealth accumulated during his political career, including profits from Non-Fungible Token, World Liberty Financial, and Bitcoin mining investments.

Wang Feng: Bitcoin, Ethereum, and Other Confidential Assets Will Become Anchoring Instruments for Fundraising by Funds and Institutions

On August 13, Blue City Interactive founder Wang Feng wrote that cryptocurrencies are having a significant impact on the financial industry, including banks, asset management companies, and VCs. This is not about retail investors holding ETH and other assets, but about the structural consensus formed in the financial market. Bitcoin, Ethereum, Solana, and possibly XRP will become anchoring instruments for fundraising by many funds and institutions. It is not too late for traditional funds and investment managers (GP) to change their views and actively participate.

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Crypto Total Market Cap Rises to $4.263 Trillion, Continuing to Set New Historical Highs

On August 14, according to CoinGecko data, as Bitcoin reached a new historical high of $123,667, the total crypto market cap rose to $4.263 trillion, continuing to set new historical highs.

Data: Bitcoin Market Cap Surpasses Google, Rises to Fifth Place in Global Asset Market Cap

On August 14, 8 marketcap data shows that Bitcoin's market cap has surpassed Alphabet (Google), reaching $24.56 trillion and rising to fifth place in global mainstream asset rankings. Previously, on August 11, Bitcoin's market cap surpassed Amazon, reaching $24.5 trillion and rising to sixth place in global asset market cap.

Analyst: If BTC Effectively Breaks Through $125,000, It May Drive It to $150,000

On August 14, according to Jin Shi, Bitcoin set a new historical high on Thursday, reaching $124,002.49, surpassing the previous peak set in July. Analyst Tony Sycamore said the momentum comes from enhanced expectations of Fed rate cuts, continued institutional buying, and the Trump administration's measures to relax crypto asset investments. He pointed out that if Bitcoin effectively breaks through $125,000, it may drive it up to $150,000.