Bitcoin Dips 6% After $124.5K Peak Amid US PPI Surprise

Published: 2025-08-15 07:45:08 |

In early hours, Bitcoin surged to a new all-time high of $124,533, but quickly reversed course, falling nearly 6%—the largest one-day drop in months. The pullback coincided with US Producer Price Index (PPI) data exceeding forecasts, undermining expectations for Federal Reserve rate cuts in September. While US equities rebounded after initial losses, Bitcoin and gold remained pressured, indicating a shift toward liquidity. Simultaneously, the US Treasury clarified it has no plans to add Bitcoin to official reserves, adding to market uncertainty. Despite the correction, the long-term bullish trend remains intact, with analysts targeting $150,000–$200,000 for Bitcoin this cycle. On the day of the sell-off, roughly $800 million in long positions were liquidated, including $160 million in BTC, highlighting ongoing volatility in the bull market. Traders now watch for renewed momentum in Bitcoin and a potential rotation into altcoins. Among altcoin projects, Bitcoin Hyper (HYPER)—a Layer-2 solution combining Bitcoin security with Solana Virtual Machine speed—has raised over $9 million in its presale. HYPER uses Wrapped BTC on its network and aims to support DeFi, gaming, and NFTs. The token presale price of $0.0127 will increase after 28 hours, suggesting early adoption incentives for investors.

Bearish

Bitcoin’s nearly 6% drop after hitting a record high was driven by US PPI data above forecasts, undermining rate cut expectations and triggering nearly $800 million in long liquidations. This risk-off move aligns with past episodes—such as after June CPI figures—when stronger inflation metrics cooled crypto rallies. Short-term, this elevated volatility may prompt further corrections and cautious trading, as risk assets react to macro data. However, the bull market structure remains intact, with analysts eyeing $150k–$200k targets. Traders may see this as a buying opportunity on dips, but should monitor Fed policy signals and liquidation levels. A rotation into select altcoins, exemplified by Bitcoin Hyper’s $9 million presale, could benefit from renewed capital flows. Overall, expect choppy price action in the weeks ahead, before a possible resumption of the upward trend.