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Hemi secures $15m to advance Bitcoin programmability ahead of TGE

by admin August 27, 2025

With a fresh $15 million raise, Hemi says it’s building the alarm clock for Bitcoin’s $2.3 trillion in dormant value. The project aims to transform the world’s largest crypto asset from a static store of value into the dynamic foundation for a new DeFi ecosystem.

Summary

Hemi raises $15 million in growth funding ahead of its token generation event, bringing total funding to $30 million.
Round led by YZi Labs, Republic Digital, and HyperChain Capital, with participation from top crypto funds.
The funding aims to accelerate development of Hemi’s Bitcoin programmability layer.

In a press release dated August 26, Hemi announced the close of a $15 million growth round led by YZi Labs, with participation from Republic Digital, HyperChain Capital, Selini Capital, Protein Capital, and Quantstamp.

The raise, which also drew a syndicate of other notable funds including Breyer Capital, Big Brains Holdings, Web3.com, and Crypto.com, brings the protocol’s total funding to $30 million. Hemi said the capital injection is strategically timed to accelerate ecosystem development and scale its infrastructure in the final stretch before its token generation event.

Bridging Bitcoin’s great divide

According to Hemi, Bitcoin’s $2.3 trillion market capitalization remains largely isolated from the innovation happening across the DeFi landscape. While Ethereum and other smart contract platforms have built vibrant financial ecosystems, Bitcoin’s security model has historically resisted such flexibility.

Hemi’s architecture, particularly its Hemi Virtual Machine, attempts to resolve this by embedding a full Bitcoin node within an Ethereum Virtual Machine, creating what developers call a “supernetwork” that maintains Bitcoin’s security inheritance while enabling Ethereum-style programmability.

The technical approach reflects a philosophical stance shared by Hemi’s founding team, which includes Bitcoin core developer Jeff Garzik and Proof-of-Proof consensus inventor Maxwell Sanchez. Their solution avoids the common pitfalls of Bitcoin sidechains or wrapped assets that often compromise on security or decentralization.

“Bitcoin doesn’t need to be reinvented; it just needs the right tools around it. Hemi provides DeFi protocols with a familiar way to build on Bitcoin, without requiring new skills, compromising on security, or sacrificing decentralization. Our partners share our conviction that Bitcoin can support more than just value transfer; it can support an entire ecosystem,” Hemi co-founder Jeff Garzik said.

The protocol’s traction suggests this vision is gaining substantial momentum. Hemi currently reports over $1.2 billion in total value locked, making it the largest programmability layer on Bitcoin by that metric. The network claims more than 100,000 verified users and a community exceeding 400,000 members, supported by integrations with 70 ecosystem partners including established names like Sushi, LayerZero, and MetaMask.

The HEMI token

The latest raise comes ahead of Hemi’s anticipated token generation event, for which the project has recently unveiled its tokenomics structure. The HEMI token will function as the core coordination mechanism for network security, transaction fees, and cross-chain settlement.

With a total supply of 10 billion tokens, the allocation prioritizes community and ecosystem growth at 32%, followed by investors and strategic partners at 28%, team and core contributors at 25%, and the Hemispheres foundation receiving 15%.

The token’s utility extends to incentivizing Bitcoin security inheritance through the Proof-of-Proof mechanism, serving as chain payment for security aggregation, and enabling governance through the veHEMI staking system.

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August 27, 2025 0 comments

Art shows FF14 characters riding on Chocobos.

Game Reviews

Final Fantasy 14 Is Running Out Of Room On PS4 Ahead Of Next Expansion

by admin August 27, 2025

Final Fantasy 14 came out over a decade ago and has been running on PlayStation 4 since soon after it launched. Sony’s last-gen hardware won’t be able to support Square Enix’s MMORPG forever, though, and director Naoki “Yoshi-P” Yoshida recently explained why.

“My basic stance is that I do want to continue supporting hardware which has grown old,” he said in an interview with Feed4Gamers (via TweakTown). “But I do have one concern, and that’s regarding the OS of the PlayStation 4, and this is regarding the hardware regulations which were made by Sony. These regulations are related to the limit of the data, and because there’s that limit of the data, well, we are continually incorporating updates for Final Fantasy 14 and we are now approaching that limit.”

He continued:

And so for this limit that’s in place, we have been asking Sony Interactive Entertainment from our side to increase that just for Final Fantasy 14, and they have kindly been doing that so far. But they’ve told us now that they are also reaching their limits. So I will repeat myself: I do want to provide support for platforms as long as possible. However, there will eventually come a time when the hardware is at its limits in terms of its technology, and at that point in time we would have to provide an end to the service on that hardware. But I will be sure to provide clear reasoning for that decision when I communicate it to the players.

According to Yoshida, Sony’s already been making exceptions to its standard developer rules in order to accommodate new content for FF14. The game has received several major updates since last year’s Dawntrail expansion, including this month’s patch 7.3, The Promise of Tomorrow. It’s unclear just how much wiggle room is still left for further upgrades and content drops.

When is Final Fantasy 14‘s next expansion coming?

Square Enix has been cagey on the timing of its next expansion, with speculation from some fans that it could arrive as late as spring 2027. Yoshida teased that there will at least be an update on the date for FF14 Fan Fest 2026 on the 10-year anniversary of A Realm Reborn this week.

Other big multiplayer games like PUBG and Genshin Impact are both dropping support for last-gen consoles in the coming months. While Call of Duty: Black Ops 7 is still coming to PS4 and Xbox One this fall, other big annual franchises like MLB: The Show and Madden NFL have all ditched the aging hardware. Considering we’re nearly five years into the PS5 and Xbox Series X/S lifecycles, the only surprising thing is that these moves didn’t come sooner.

Originally released on the PS3 in 2013, FF14 left that console behind at the time of the Stormblood expansion in 2017, a departure for which Square Enix provided eight months of notice. My guess is that update 8.0, whenever it arrives, might similarly mark the end of the MMORPG’s journey on PS4. And by that point, PS6 will probably be just around the corner.

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August 27, 2025 0 comments

Crypto Trends

Breakout Toward $1 or Breakdown Ahead?

by admin August 26, 2025

After facing a rejection above the $0.95 mark, the Cardano (ADA) price has been on a period of consolidation this week. Over the last few weeks, ADA price has witnessed high volatility, and the asset is presently trading at a level close to $0.85.

The general sentiment in the market is not clear but the chart of Cardano is now hinting at some signs of a short-term technical pattern that might determine the immediate future course of this asset.

Cardano ADA Derivatives Data Analysis

The derivatives data from Coinglass, shows that the market sentiment is mixed for Cardano (ADA). The overall volume has declined by 41.65% to 4.08 billion in total, while the open interest declined by 6.66% to 1.66 billion, indicating reduced trader activity.

On the other hand, options volumes are also at crucial levels as the data shows that volumes have slumped 92.94% and the open interest is metal flat by -0.27%.

Cardano ADA Derivatives Data Analysis, Source: CoinGlass

The long/short ratio is on a bullish stance despite the loss of momentum as it is on 0.9234. Furthermore, the liquidation data indicates shorting strain. Shorts have lost $665.13K in the last 24 hours compared to liquidations of only $6.17 million on longs. This shows that sellers are more pressurized in the market.

ADA Price Forms Symmetric Triangle Pattern

One of the most typical continuation patterns is the symmetrical triangle, a sequence of lower highs and higher lows that narrow down into a tightening range. This is a sign of uncertainty in the hands of the traders since neither the buyers nor the sellers have the ultimate power.

The indication of a symmetrical triangle has now got the focus since the triangle is likely to lead to a vigorous breakout. This is because it has started forming a strong support at the $0.83 mark. This altcoin has repeatedly recorded an increase in the positive action around this point since August 18, 2025 as seen in the chart above and creating a similar situation this time.

The Relative Strength Index (RSI) is around the neutral area at 50, suggesting an equal balance between the ease of selling and buying pressure. This strengthens the observation that the market is in a state of indecision as traders are waiting for a breakout of the triangle.

The break out above the resistance of $0.91 would mean another bullish drive. This could further result in ADA reclaiming its psychological level of $1.00 in no time. This level has played a dual role as a support and resistance level, making it one of the vital indicators for consideration.

However, a fall below $0.83, would suggest bearish momentum is growing stronger. In this case, ADA may drift toward its lower support of $0.75. Failure to hold this would leave the market open to additional downside pressure to the levels of $0.70.

Also Read: CME Crypto Futures Top $30B as XRP Hits $1B Fastest Ever

Disclaimer: The Crypto Times does not endorse or promote this digital asset in any manner. This article was created only for educational purposes. Make sure to “DYOR” as the market is highly volatile. New positions should be done by traders being careful and awaiting volume-backed breakouts.

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August 26, 2025 0 comments

GameFi Guides

New ETF Filings Hint at Broader Crypto Product Boom Ahead

by admin August 25, 2025

In brief

Investment firms are filing a wave of sophisticated crypto ETF applications, including 21Shares’ active crypto fund and 2x leveraged Dogecoin and Sui products.
Multiple XRP ETF issuers updated filings following SEC feedback, while regulators delaying decisions on Trump Media and Solana funds until October.
Experts predict approval momentum to begin in October despite regulatory caution, warning that active and leveraged products pose higher risks for investors.

Investment firms have started flooding regulators with applications for sophisticated crypto exchange-traded funds, pivoting from basic spot products to leveraged and actively managed strategies for broader institutional crypto exposure.

Bloomberg ETF analyst Eric Balchunas pointed to the trend, tweeting Sunday, “New filings from 21Shares for an active crypto ETF (something I think we’ll see a ton of in the next 12 months) and a 2x Doge and 2x Sui.”

The filings show how issuers are trying to stay one step ahead of regulators while preparing for an October window that could see multiple approvals land at once.

Multiple issuers also updated XRP ETF applications, which are “almost certainly due to feedback from SEC. Good sign, but also mostly expected,” Bloomberg’s James Seyffart tweeted Saturday.

Industry experts widely agree with Balchunas’s assessment of the coming wave.

Charmaine Tam, head of OTC sales and trading at Hex Trust, told Decrypt that the approval of spot Bitcoin and Ethereum ETFs has “created regulatory precedent, giving issuers confidence to pursue more sophisticated offerings.”

“Active ETFs are a logical next step” for professional management, while “leveraged products serve clients seeking more aggressive exposure,” she said.

Bridget Nichols, chief commercial officer at Monochrome, told Decrypt that Balchunas “generally has his finger on the pulse of USA ETF and regulatory developments” and that his outlook “rings true in a fast-moving digital assets landscape.”

She explained actively managed crypto ETFs face the same issues as their traditional counterparts, noting “taking directional bets is a clear win/lose strategy,” and with Bitcoin’s volatility, passive funds often perform better over time.

“Passive ETFs generally perform better over most time horizons,” Nichols said, adding Bitcoin in particular has “a track record of being very hard to outperform.”

Any edge in crypto markets is “extremely rare,” she noted, typically stemming from early token investments that prove “unsustainable.”

ETFs all round

Recent reports revealed JPMorgan is exploring offering clients financing against crypto ETFs, which Tam called “a profound sign of mainstream acceptance” that introduces new capital efficiency for institutions.

Yet delays continue across multiple fronts, with the SEC pushing back decisions on Trump Media’s Bitcoin-Ethereum ETF until October 8, while extending deadlines for spot XRP funds from Grayscale, CoinShares, Canary Capital, Bitwise, and 21Shares.

Solana ETF decisions from Bitwise, 21Shares, VanEck, and others face delays until October 16, with regulators citing needs for “sufficient time to consider” the proposals.

Major issuers such as Invesco Galaxy, Ark 21Shares, and others recently filed amendments seeking in-kind redemptions for their Bitcoin and Ethereum ETFs, which Seyffart previously characterized as “positive signs” indicating “fine-tuning happening with the SEC.”

Balchunas recently told Decrypt the recent delays were “nothing significant” and predicted “a batch of approvals based on the listing standard starting in October.”

Peter Chung, head of research at Presto Labs, agreed with Balchunas’s timeline predictions while noting performance hurdles, telling Decrypt that “crypto or not, the challenge for any active ETFs is the managers’ ability to beat a benchmark.”

Crypto ETFs are “definitely more volatile,” he said, meaning retail investors must educate themselves, but ultimately the products are about “giving investors more choices.”

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August 25, 2025 0 comments

Product Reviews

Get up to 35 percent off Anker wireless chargers ahead of Labor Day

by admin August 25, 2025

Anker makes some of our favorite charging gear, and now you can save on a bunch of wireless power accessories from the brand. Whether you’re going back to school soon or want a new charging station that can power up a few devices at once, there are discounts here worth considering. One of the best is this 3-in-1 MagSafe charging station, on sale for a record low price of $63. The Qi2-certified charger wirelessly charges your compatible iPhone, Apple Watch, and AirPods on one compact and convenient dock. Qi2 boasts 15W of power, so you can take advantage of fast charging on compatible devices.

This means the station can charge an iPhone 16 Pro Max to 20 percent in just 20 minutes and an Apple Watch Series 10 from zero to 100 percent in just over an hour. The magnetic stand for your iPhone is adjustable with 45 degrees of vertical rotation and 360 degrees of horizontal rotation, so you can always find the perfect angle for your phone while charging.

Anker

Being able to wirelessly charge these three daily devices at once might remind you of Apple’s wireless charging pad that never was, but Anker’s 3-in-1 charging station offers an elegant solution. We tend to like Anker’s charging products, and we’ve found they make some of the best charging stations on the market.

Anker’s products can be a bit pricey, though, which is why the best time to pick them up is during these sales. The company actually has a slew of its charging products on sale right now. Its 3-in-1 wireless charging cube is 31 percent off right now and down to $104. If you’re a Prime member and have a Qi2-compatible iPhone, then you might also look at Anker’s simple Qi2 charging pad, which is 35 percent off for a two-pack right now.

Follow @EngadgetDeals on X for the latest tech deals and buying advice.

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August 25, 2025 0 comments

NFT Gaming

Top Binance Traders Cut XRP Longs Ahead of Powell’s Speech

by admin August 21, 2025

According to Binance data, top XRP accounts are holding fewer longs ahead of Jerome Powell’s Jackson Hole appearance, trimming exposure before one of the biggest macro events of the summer.

On Aug. 20, long accounts made up 78.12% of top margin users, with shorts at 21.88%, giving a ratio of 3.57. As of Aug. 21, the number of longs dropped to 74.15%, while shorts increased to 25.85%, bringing the ratio down to 2.87.

What are options?

Markets are still pricing a pretty good chance — more than 80% — of a rate cut in September, but that could change if Powell does not support it. His focus on labor market weakness could boost risk assets, but if inflation dominates the message, it could drag them down.

Finally, if he sticks to “data dependent” language, the reaction could stay relatively contained.

Bitcoin Options Traders Split Ahead of Fed’s Jackson Hole Meeting

by admin August 21, 2025

In brief

Options data indicates that Bitcoin traders are split, with nearly equal bullish and bearish block trades.
Experts suggest markets will be closely watching for Powell’s tone if there’s no clear decision surrounding rate cuts.
They also said crypto’s bullish market structure remains intact in the long term.

Bitcoin traders are entering a high-stakes standoff ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole symposium on Friday.

With conflicting macroeconomic signals and mixed investor sentiment, the directional bias remains unclear for U.S. equities and crypto.

The July CPI report, delivered earlier this month, provided a bullish signal with rate cut hopes, prompting a crypto market rally that pushed Bitcoin to an all-time high in the first two weeks of August.

Subsequent PPI data release, however, has elevated inflation concerns, further aggravating ambiguity over whether the Fed intends to cut rates this year, including next month.

Bitcoin has dropped from 8% from its August 14 all-time high of around $124,128 to $114,170 following a sharp decline over the past seven days, CoinGecko data shows.

Despite Bitcoin being near record highs, “the market is pricing in roughly an 85% chance of a rate cut at the September FOMC meeting,” John Haar, managing director at Swan Bitcoin, told Decrypt.

“Powell is likely to keep his comments relatively neutral in order to keep his options open,” Harr added.

To cut or not to cut, that is Powell’s question

While bond traders remain adamant that a cut will arrive in September, the uncertainty has led to a split in investor expectations and betting in the derivatives market.

The “block bullish and bearish trades were nearly equal,” Adam Chu, Chief researcher at GreeksLive, an options trading platform, told Decypt.

Even with marked trading volume, “short-term implied volatility declined,” Adam said, indicating “institutional investors are not very optimistic that this meeting will bring about significant volatility.”

In any case, the market’s reaction hinges on Powell’s tone.

“It’s clear that many investors are hoping for a rate cut,” James Gernetzke, CFO at Exodus, told Decrypt.

Gernetzke believes that while a rate decision may not become clear until future data is released, investors should still “take note of his tone—this will matter just as much as the specifics.”

“Bitcoin and crypto assets are sensitive to global liquidity conditions and should respond favorably to any further signal the Fed will continue on its dovish path,” Gerry O’Shea, head of global market insights at Hashdex, told Decrypt.

A hawkish tone, however, could spark a renewed sell-off in equities and crypto.

But Gernetzke also offered a nuanced view, noting that this crypto market cycle is “atypical due to regulatory tailwinds” and institutional adoption, which “could soften the blow of a hawkish Powell.”

O’Shea echoed that sentiment, arguing that any negative near-term decision on rates wouldn’t impact the long-term investment case for crypto, supported by institutional adoption and favorable policy from the White House.

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August 21, 2025 0 comments

Crypto Trends

Bitcoin ETFs Shed $645M This Week as Wall Street Retreats Ahead of Powell Speech

by admin August 20, 2025

In brief

Bitcoin ETFs recorded $645 million in outflows across two days, with Fidelity’s FBTC leading redemptions Tuesday at $246.9 million.
Analysts attributed the outflows to investors de-risking ahead of Fed Chair Powell’s Jackson Hole speech.
The selloff reverses a $4.7 billion inflow streak from mid-July to early August, though analysts characterize the movement as tactical positioning rather than institutional capitulation.

Bitcoin exchange-traded funds bled $645 million over two trading sessions as institutional investors pulled capital from crypto markets, a major reversal since the digital asset’s summer rally began stalling.

Bitcoin ETFs saw $121.7 million in outflows on Monday and $523.3 million on Tuesday according to Farside Investors data, while Ethereum funds mirrored the weakness with $196.6 million and $422.2 million withdrawn on the same days.

Fidelity’s FBTC led the exodus with $246.9 million in redemptions, while Grayscale’s GBTC shed $115.5 million and Bitwise’s BITB lost $86.8 million across the two-day period.

Investors derisking ahead of Powell speech

Illia Otychenko, lead analyst at CEX.IO, told Decrypt that spot Bitcoin ETFs are seeing outflows as investors “scale back risk ahead of the Jackson Hole meeting and Jerome Powell’s speech on Friday.”

The latest withdrawals break momentum from mid-July through early August, when Bitcoin ETFs saw $4.7 billion in inflows at roughly $135 million a day.

Otychenko attributed the selling to weak job growth combined with mixed inflation data that “left the Fed in a difficult spot, leaving the markets more uncertain about the path of future rate cuts.”

Net Taker Volume, which tracks whether buyers or sellers dominate exchange activity, plummeted to its “lowest point since December 2021,” indicating widespread selling pressure, he said.

The analyst noted that Bitcoin’s rallies since March have followed a weakening pattern, with “each breakout weaker, with smaller price moves and lighter trading volume.”

Dean Chen, analyst at Bitunix, shared similar sentiment, telling Decrypt the outflows stem from two main drivers: macro de-risking as “U.S. PPI came in hotter than expected” and issuer-level profit taking ahead of Powell’s Jackson Hole speech.

He noted that BlackRock’s IBIT recorded zero flow, which “tells us this is more tactical de-risking than broad institutional exit.”

Konstantin Anissimov, global CEO of Currency.com, also remarked to Decrypt the outflows represent “a broad de-risking move rather than a problem with any single ETF.”

He pointed out that redemptions shifted from BlackRock and ARK on Monday to Fidelity, Grayscale, and Bitwise the following day, showing “investors across the board are taking some chips off the table.”

Despite the substantial ETF outflows, Bitcoin’s price is down just 1.5% on the day according to CoinGecko data, which Anissimov attributed to buyers using “$32 billion in stablecoin cash sitting on exchanges” to absorb the selling.

He characterized institutional sentiment as “cautious right now, but not panicked,” calling the movement “short-term profit-taking” rather than a fundamental shift.

Markets now enter a critical waiting period as Powell’s address approaches, with institutional flows likely to remain volatile until monetary policy clarity emerges.

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August 20, 2025 0 comments

Game Updates

Black Ops 7 release date spotted in the wilds ahead of Call of Duty’s latest Gamescom blowout

by admin August 19, 2025

True to the game’s billing as the twistiest of duty-shooters, Call of Duty: Black Ops 7’s release date trailer appears to have leaked ahead of a possible Gamescom Opening Night Live showing tonight. The new FPS will launch on 14th November, close to a month after rival Battlefield 6’s release on October 10th. Also, it appears to have jet packs and mechs.

The leak comes care of that ever-dependable source of military intelligence, a video advertisement that seems to have been accidentally published early. The ad has now been removed, but not before CharlieIntel spotted it and shared it on the Xeetbox, along with some thoughts based on the user’s own pre-release access. “Just to tone down expectations, Call of Duty: Black Ops 7 does not have jet packs or double jumps as part of its movement,” CharlieIntel claims. Alas for Black Ops 3 and Halo: Reach players. Good news, I guess, for people who relish the ‘omnimovement’ of Black Ops 6.

Here is what we know of Call of Duty: Bleven for sure: it requires secure boot, to avoid cheaters. It’s got the usual co-op, zombies and competitive multiplayer bits. The campaign is set in 2035, hence the mechs and jet packs, and expands upon the global calamities unleashed in Black Ops 2 and Black Ops 6. It sees grizzly grumbleface David Mason chasing after an enigmatic new foe who “weaponise fear”. There will probably be hallucinations and other Manchurian Candidate-esque horseplay to wash down the gadgets and gunnery.

As reported by VGC, today’s release date whoopsie corroborates a previous leak that also included a price tag for the Standard Edition – $70 or €80 – with a Vault Edition priced at $100 or €110. If legit, this means that Microsoft has still yet to cross the Rubicon and raise the game’s base US price to $80, as they tried to do with The Outer Worlds 2 until the internet started screaming at them.

Check out our Gamescom 2025 event hub for all the PC game announcements and preview coverage from Cologne.

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August 19, 2025 0 comments

Crypto Trends

Bitcoin Price at $115K: Support or Breakdown Ahead?

by admin August 18, 2025

Bitcoin (BTC) fell below $115,000 on Monday, August 18, 2025, confirming a decisive break from a two-month-long bull run. The price decline was a 7.6% drop from its new All-Time High (ATH) of $124,501 set just four days prior. The drop was triggered by a breakdown from a key technical pattern known as a rising wedge, which had supported the asset’s price since mid-June.

Bitcoin started its rally in April this year with a series of higher lows in mid May and June, as well as in early August. The rally was strong enough to hit a new ATH. However, sellers finally overwhelmed buyers, pushing the price down even as bulls are fighting to protect important levels of support.

On-chain data and technicals point to the potential of a mixed short- to medium-term view for bitcoin price. Let’s evaluate the data to determine the potential trend of this digital asset.

Daily Active Addresses Record A Steep Drop

The active number of the addresses signifies the number of active wallet addresses of an asset. Over here, Bitcoin has been ranging between 700,000 and 1.2 million in the course of seven months. Although BTC continued to hit new highs, active participation has not always been on the rise, suggesting that the retail presence is not keeping up with the price action.

At the time of writing, according to data from CryptoQuant, the active address count peaked at 994,288 on August 14 but has since fallen by over 160,000 in just four trading sessions.

Bitcoin Short-term Holders Offloading At A Loss

The Short Term Holders (STH) of Bitcoin have now begun to enter into the stage of loss realization that the market has not seen since January 2025, when the crypto sector underwent its worst correction of this cycle. In the period since, STHs had generally been selling at a profit as BTC trended up in the six-figure territory.

However, the most recent STH-SOPR has declined below 1, indicating that the most recent transactions are being executed at a loss. This can work both ways historically, as an extended period of selling can be representative of decaying momentum and the onset of a correction. Notably, brief pullbacks are sometimes healthy re-sets, eliminating lagging hands before the next higher leg occurs.

Bitcoin On Crossroads

The bitcoin chart given below highlights a rising wedge pattern in the daily time frame, a formation that typically signals weakening momentum despite higher highs and higher lows. Bitcoin is now trading within converging upward trendlines, showing that the buying pressure is slowing as price nears resistance. After reaching its all-time high around $124,000, BTC price faced rejection and is currently retesting the $115,000 support zone.

On the day of hitting ATH, a reversal began last week when a powerful “Bearish Engulfing” candle appeared. This signal, where a single day of selling completely erases the prior day’s gains, served as warning that buying pressure has been exhausted.

Following the Bearish engulfing candle, for the next two days, consequent ‘dojis’ were seen, where there is no significant price movement in either direction. Hence bitcoin now stands at a crossroad where bulls are unexpectedly startled by bears, evident by panic selling by STH holders, as per the on chain data.

The Bollinger Band (BB) is a key technical indicator as it is used to present an important area or to confirm the trend. Possible stabilization of the crypto market at this level might result in a potential reversal trend toward the $121,000 which is the upper trendline of the bollinger band, in this situation a major resistance.

The Relative Strength Index (RSI) indicator which is used to determine a trend pattern has plunged from near overbought, indicating a rapid shift in selling pressure. With it still standing in the middle at 45, a classic bearish divergence has formed. While the price set a higher high in August compared to July, the RSI set a lower high.

This suggests that the momentum behind the rally was fading significantly, often foreshadowing a price correction.

What’s Next For Bitcoin?

Considering the present market sentiment, the “make-or-break” level for Bitcoin price is in the range between $115,000 and $116,000.

A successful defense of the $115,000 support may be followed by a push toward the upper target levels of $121,000 or its previous ATH of $124,000.
Conversely, a breakdown below $115,000 would likely trigger a decline toward $110,000. In an extreme bearish scenario, the BTC price could go as low as $105,000.

Also Read: Bhutan Moves $92M in Bitcoin Amid Exchange Speculation

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August 18, 2025 0 comments