Key points:

• Bitcoin traders reveal the key BTC price points for a bullish recovery.

• The risk of a “double top” for price remains, with $102,000 on the radar should support fail.

• The Bitcoin bull market does not have much time left — if history is a guide.

Bitcoin (BTC) neared $113,000 after Wednesday’s Wall Street open as buyers sought to cement a market bounce.

BTC price outlook hinges on $112,000

Data from Cointelegraph Markets Pro and TradingView showed local highs of $112,646 on Bitstamp.

Now up over $3,000 from multiweek lows seen the day prior, BTC/USD continued to split opinions over where it might head next.

“$BTC has reclaimed its EMA-100 level,” popular trader BitBull wrote in a post on X, referring to the 100-day exponential moving average at $110,850. 

“This has been very crucial for bottom formation, and for now bulls are still in control. If BTC holds this level, I wouldn’t be surprised to see a rally towards $116K-$117K level.”

While maintaining a bearish bias, fellow trader Roman, who this week called time on the Bitcoin bull market entirely, emphasized the importance of the $112,000 mark.

“Looks like a breakdown & bearish retest for now. If 112k support is truly lost, 102k support should be next. Also looks like a double top is confirming here,” he told X followers on the day. 

“I expect lower over the next few days – unless we completely regain 112k support.”

Popular trader and analyst Rekt Capital, meanwhile, reiterated similarities between the current BTC price pullback and previous bull markets.

“History doesn’t always repeat but it often rhymes,” he summarized, confirming that price had entered its second “price discovery correction.”

“Bitcoin ended up rallying into new All Time Highs by Week 6 before transitioning into Price Discovery Correction 2. History suggests this pullback will likely be shallower & shorter than past ones.”

Is time running out for the bull market?

Debate also centered around the longevity of the bull market, with market participants similarly torn over how long it might last.

Related: Bitcoin can still hit $160K by Christmas with ‘average’ Q4 comeback

For Rekt Capital, history demands that October form the deadline for a bearish trend change.

The previous bull market lasted 152 weeks

That’s ~1064 days

Almost 3 years

We are already 144 weeks into this Bull Market$BTC #Crypto #Bitcoin

— Rekt Capital (@rektcapital) August 27, 2025

This contrasts hopes that the next Bitcoin bear market is still years off — a view put forward by David Bailey, the dedicated Bitcoin adviser to US President Donald Trump.

“There’s not going to be another Bitcoin bear market for several years,” Bailey argued on X at the weekend, pointing to institutionalization of BTC as an asset.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

A prominent trader recently lost more than $6 million after going long on Ethereum (ETH) on the verge of another market correction. The trader went from having $43 million to securing only minor gains.  

“Easy come, easy go” 

The trader managed to turn $125,000 into $29.6 million in just four months by going irresponsibly long on Ethereum (ETH). 

The trader “masterfully” compounded profits, putting all gains back into his ETH long. He eventually managed to accumulate an enormous ETH position worth roughly $303 million. 

His peak profit reached a whopping $43 million after months of legendary moves. 

However, things went south quickly, and the trader’s profit started shrinking at a rapid pace.  

On Aug. 18, the trader closed all ETH longs, securing a massive profit of $6.9 million.

Even though the aforementioned sum is far from the peak value of his account, he still managed to walk away with a gain of 55X. 

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The trader, however, did not stop there. According to Lookonchain, the trader ended up reopening an ETH long and losing all of his remaining gains during the most recent market crash. 

His account is now worth a mere $771,000 after virtually all gains have been wiped out. 

While the trader is still sitting at 5X, the losses must have been devastating for him.

16% correction 

Ethereum went on a monster run last July, surging by a whopping 49%. 

Bolstered by strong ETF inflows and growing corporate adoption, the altcoin went on to extend its rally in August. It peaked at $4,791 earlier this month, coming awfully close to reaching a new all-time high. 

However, the rally has now stalled, with the ETH price plunging to an intraday low of $4,064 earlier this Wednesday. 

The token has now recorded a 16% correction from the aforementioned local peak. 

Ripple’s $606M XRP transfer raises eyebrows

XRP shows signs of recovery as Ripple makes the big move.

• The big move. Ripple shifted 200M XRP on Aug. 18 to an unknown wallet.

San Francisco-based blockchain company Ripple has stirred speculations with a mysterious transfer involving millions of XRP. On August 18, on-chain tracking platform Whale Alert spotted a major transfer from Ripple involving 200,000,000 XRP. According to the data provider, Ripple had moved a mega amount of XRP to an unknown address. The transfer was worth over $606 million per XRP’s price at the time the transfer was executed. 

• Market context. Transfer happened during a market-wide downturn.

The massive XRP transfer from Ripple has sparked reactions across the community as the destination of the transferred assets remained anonymous. While market watchers have been closely monitoring on-chain moves like this, they have expressed curiosity as to whether the move could be the firm preparing for institutional deals or probably redistributing its reserves.

• Bullish view. Could signal private accumulation or strategic positioning for XRP adoption.

With the move coming amid a broad crypto market bloodbath, investors fear that the move might be Ripple preparing to dump its holdings ahead of deeper price declines. Following the anonymous nature of Ripple’s giant move on XRP today, the lack of clarity on the destination of the transfer has fueled discussions about whether it could be tied to upcoming private accumulation which may be bullish for XRP’s potential price.

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Shiba Inu price struggles at thin support

Shiba Inu coin holders better buckle up as SHIB price is on verge of adding zero.

• Key support level. $0.0000120 — repeatedly tested, now at risk of breaking.

SHIB is trading at $0.0000126 right now. The only thing holding it back from dropping into new territory is thin support at $0.0000120. SHIB price has been moving in tight waves this summer: a brief 8.9% gain in July, followed by a drop in August. 

Its support line has been tested several times on the daily chart, with each rebound losing strength. If it breaks, the token will reach areas last visited in Q1, when sentiment was far weaker.

• Bigger picture. 2025 marked by persistent monthly losses.

The weekly candles show the difficulty of this year. After the surge in 2024, SHIB failed to keep up. The year started with losses of 10.9% in January, followed by 26.1% in February, and red in March and June. Despite sporadic recoveries, the coin has been dropping for months.

For SHIB, the next few weeks are going to be important. The community needs to find enough buying power to hold steady above support and set up for a late-year push. They did it last November with a 49% rally, after all. If not, the charts are set to lock in the new reality of another zero. 

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Ethereum (ETH) price dip warning

Chris Weston, head of research at Australian trading firm Pepperstone, believes that traders should wait for ETH to regain its momentum.

• Key view. Traders should avoid rushing into dip-buying ETH.

Chris Weston, head of research at Australian trading firm Pepperstone, argues that traders should not rush to buy the Ethereum (ETH) dip. “As we see on the daily [chart], the time for patience on new longs is needed…” Weston said. Momentum buying instead of dip buying The trader has predicted that the price of the flagship altcoin could potentially drop back to the $4,100 level, which is the previous “breakout level.” 

• Market context. ETH fell to $4,233 intraday low.

Weston has opined that it would be more prudent to wait until the dip is bought by others and ETH regains its momentum. Earlier, the price of the leading alternative cryptocurrency plunged to an intraday low of $4,233, which is the lowest level since Aug. 12. That said, the cryptocurrency is still up by nearly 15% this August after surging by as much as 49% in July. 

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With our latest Kraken trading space, Dentoshi Unleashed one of the most valuable edges in trading: find outperformers in front of other markets.

With Crypto Markets coming to the market during the chop period, revenue seasons intensifying and wider macro catalysts playing, Dentoshi shared timely insights on how to identify early winners before starting flight.

This is an important takeaway from our conversation.

Select winners in fast moving markets lol @dentoshi https://t.co/zbfq8q09vn -kraken (@krakenfx) July 31, 2025

Why early outperformance is important

Out-performance isn’t just about being on “Hot Coins” once the party is in full swing. According to Dentoshi, the edge of true trading comes from finding signs of strength earlier when the wider market is still uncertain or sideways.

“The coins that move the earliest things often carry that momentum to the next rally.

Even at times of chops and integration, early signs of strength help position traders on high conviction opportunities.

When the market is hot, planning is half the profit.

That’s Mindset Pro Trader Dentoshi It was brought to the latest live sessions hosted by Matt Howells-Barby, Kraken’s VP growth rate. In front of thousands of live viewers, Dentosi opened up a process to prepare trades in bullish market conditions, from weekly reviews and chart markups to sector rotation and psychological fields.

Hot Market Trading lol @dentoshi https://t.co/cwjpvv5trx

-Kraken (@krakenfx) July 18, 2025

This is what we learned:

Start with the trader, not the chart

Dentoshi is a quick recommendation before opening one chart Check out the atmosphere every week.

“How did you play last week? Was I emotional? Did you feel FOMO? Did you skip obvious deals or chase the bad ones?”

Dentoshi focuses on weekly journaling in a short way – no 6-hour essays, but always keep track of them.

• Which setup worked best (and why)
• What deal did she skip when she ended up working perfectly according to her plan?
• Her emotional state between the winner and the loser

the goal? Find a repeatable pattern and start the week with self-awareness rather than baggage.

What does a triangle pattern tell traders?

Show market consolidation and pause before potential breakouts.

There are three types:

Symmetry
•rise
•descending order

Each amoll provides clues as to where the price could move next. pic.twitter.com/s405881x2z

– Kraken Pro (@krakenpro) June 30, 2025

Make your plans before the market does it for you

Dentoshi’s weekly setup starts with fixing the big picture.

• Chart weekly closures
• Mark the key level – Openings every year, quarterly, weekly, and even historic support/resistance.
• Add the money – She uses a moving average of indexes (e.g. 100 EMA) to track trend strength.
• Set an alert – Breakout levels, EMA tags, or the highest ever high – Monitor alerts for “Save Headspace”.

“You don’t want to keep scrolling through the charts all day, meaning I do, but I also want alerts.”

Build a working watchlist

Regarding tracking potential transactions:

• Please keep it Active Watchlist (~7–10 assets you often see)
• I’ll keep it Widetest watch list For major major and story-driven plays
• use Kraken Pro Markets tab Monitor sector performance (memokine, defi, etc.)
• set Chart-level favorites So, important assets are always clicking

Her strategy here? Focus on set-ups that match her proven playbook.

“I know which setups will win. I’d like to see those setups again.”

Meme Coin Category +4% pic.twitter.com/q2mckgtvey

– Kraken Pro (@krakenpro) July 26, 2025

Timing sector rotation

Once the Altcoin market is heated – XRP Hit As, ETH Recovery, Meme Coin Pump – Dentoshi suggests zooming out and using indicators such as:

• BTC advantage and ETH/BTC Chart As an indicator of the strength of the Altcoin
• it’s not To measure potential trend flips
• Volume ranking Find outliers

Is Doge breaking a long-standing trendline and no one is talking about it?

“That’s when you want to pay attention.”

(e)MA series.

New video series. This shares insights from the entire thought process regarding trading (e)Ma’s.

Part 1: Definition of trends pic.twitter.com/gb0bhxyeee

— Dentoshi (@Dentoshi) September 19, 2023

Turn the pattern into confidence

Dentoshi’s Edge comes from naming, journaling and repetition of her best conviction setup. An example is:

• A diagonal breakout
  
• Recover the pattern
  
• Low deviation range
  
• EMA Crossover

“Patterns are always visible. But if you name them, review them and traded them previously, that’s when you trust the setup.”

She doesn’t care what the assets are – it’s just that it’s liquid, has volume and matches the trigger.

@Dentoshi It is in her element describing the flag and pennant.

Shows a poor play.
Walk risk management with s/l.
Set target prices using flag poles.

Look now pic.twitter.com/dlbxwbdtgc

– Kraken Pro (@krakenpro) June 9, 2025

Trade tools

Dentoshi’s minimal yet powerful toolkit is:

• Kraken Pro Trading, Charts, Watchlists, Alerts
• Coinalyze Futures Volume Insights
• Twitter list “Moonboy” to cut out noise
• Excel Lightweight journaling
• Your own intuitionshaped by journaling and preparation

“There are 25 people you can trust. Scroll through the list, not through the feed.”

Professional Tips for the Heating Market

1. Do not size up to the top
   As Dentoshi referenced from the GCR, “Size up at the start of a movement. Slop down the size towards the end.” This is easier than that, and most people do the opposite.
2. Separate trading from investment
   Dentoshi splits its portfolio into trading and conviction investments, each using different rules.
3. Define the exit in a context
   The exit uses S/R, beliefs about assets, relying on positioning and macroemotion. Stick to your plan: there is no perfect top, just an informed strategy.
4. Please be honest
   Regular reviews, even if they are short, are suppressing ego. “We won’t survive contact with the market, unless it’s yours.”

cracap: Weekly Trader Checklist

‡ Last week’s review – what worked, what didn’t, how did you feel
Easily Journal – Focus on Behavior and Edge
mark charts – open weekly, quarterly, and annually
Add emas – Identify trend strength and crossovers
Set Alerts – for breakouts, pullbacks, and key price zones
Create a Watchlist – 7-10 Active, and a broader market story
Using tools – Kraken Pro, Coinalyze, Twitter list
Preparation Setup – Name the pattern and wait for the shot. Define risks and plan.

Looking for more Dentoshi insights? Check out how to trade Dentoshi for the highest ever high.

A widely followed analyst and trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 says the crypto king is primed to go higher after a recent correction.

The trader and analyst pseudonymously known as Bluntz tells his 326,100 followers on the social media platform X that Bitcoin is likely done correcting after falling below the $116,000 price level.

“Send it.”

Looking at the trader’s chart, he seems to suggest that Bitcoin’s ABC correction is done and BTC is now targeting new all-time highs at $127,000.

Bluntz follows the Elliott Wave theory, which states that a bullish asset tends to witness a new uptrend after completing an ABC correction.

Bitcoin is trading at $117,262 at time of writing.

Next up is the Bonk (BONK) memecoin. According to the widely followed analyst, BONK is “holding up remarkably well” amid a Bitcoin correction.

Bluntz suggests BONK has completed an ABC-wave pattern to the downside and is now poised to hit the $0.000044 price area.

“Not only does BONK look like a nice clear ABC has already been put in, but it held strong and defended the lows while BTC dumped…

I suspect a rage pump is imminent on BONK.” 

BONK is trading at $0.000035 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A pseudonymous trader and analyst is outlining a key support level that could change his bullish thesis for Bitcoin (BTC).

The trader and analyst pseudonymously known as DonAlt tells 67,000 subscribers of the TechnicalRoundup YouTube channel that Bitcoin is “still hilariously bullish.”

DonAlt, however, says that the bullish case for Bitcoin could be invalidated if the crypto king falls by around 9% from the current level.

“You just don’t want to necessarily lose $108,000. I think that’s like the first warning sign that something is wrong…

But I’m not too worried just yet. I will be very, very worried if we lose this breakout [$108,000]. And then I’ll I’ll see if I change my positioning. But until then, you can barely see this pullback. It’s not even a pullback on the weekly time frame. There’s literally just like a consolidation.”

According to the pseudonymous trader, one of the risk factors that Bitcoin faces comes from corporations purchasing the crypto king for the purpose of adding BTC to their treasuries.

“If they’re done and they cannot buy anymore, that would be the end of the Ponzi, which would not be great, right. Because then I think that would basically nuke us. So that’s the risk.

I think it’s a real risk and it’s never been riskier in that regard. It’s just basically the reward that you get if you’re right and bullish, kind of equals that out. But it is, don’t get me wrong, like I think it’s a dangerous spot that we’re in. It gets harder and harder to hold, basically.”

Bitcoin is trading at $118,090 at time of writing, up by around 13% over the past 30 days.

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James Wynn, the notorious high-leverage crypto trader who lost a staggering $100 million earlier this year after betting $1 billion on Bitcoin (BTC) longs, is back in the spotlight. After weeks of silence following his steep trading losses, on-chain data now shows Wynn has returned to trading again—this time placing risky bets on PEPE and BTC. 

Overleveraged Bitcoin Trader Hits Back With 10x PEPE Bet

After vanishing from social media earlier in 2025 and experiencing one of the most dramatic crypto trading collapses, Wynn is making a comeback, and this time, he’s betting big on a volatile meme coin, PEPE. The notorious Bitcoin trader has reportedly resumed trading the perpetual version of PEPE with fresh leveraged exposure on the decentralized derivatives platform Hyperliquid. 

According to blockchain analytics platform Lookonchain, Wynn returned to the market through the same crypto wallet address tied to his previous trades. On-chain data reveals that his latest position involves a 10x long on kPEPE, funded almost entirely by his recently claimed referral reward of 6,792.53 USDC—a striking contrast to the billion-dollar positions he previously commanded.

Updated information from HyperDash reveals that the trader opened a long position of approximately $89,000 on kPEPE. The position is running at 10x leverage, meaning the actual capital backing it is around $8,800, while the exposure exceeds $89,000. Notably, Wynn had bought over 6.8 million kPEPE, betting entirely on the token’s upside. At this leverage level, just a 10% drop in PEPE’s price could entirely wipe out the margin used to back this trade, making this an extremely high-risk move. 

Interestingly, Wynn’s comeback follows his public fallout in May 2025, when his massive $1 billion leveraged BTC longs were liquidated during a price dip below $105,000, resulting in a staggering $100 million (949 BTC) loss. This incident caught the attention of the crypto community, sparking controversy and widespread discussions. Now the Bitcoin trader is facing renewed scrutiny from various crypto community members, with some labeling him a degen trader and others questioning his risk management skills.

Wynn Makes Bold 40X Bet On Bitcoin

Despite accruing massive losses that forced him offline, Wynn is making another extremely high-risk Bitcoin trade, involving a $468,000 position and 40X leverage. In an earlier post, Lookonchain reported that the trader had deposited 468,000 USDC into Hyperliquid and opened a new leveraged long on Bitcoin, with a liquidation price of $115,570. 

Updated data from HyperDash revealed that Wynn has opened a $23.9 million long position on Bitcoin with 40x leverage on Hyperliquid. The position size includes over 202 BTC, and the trader is fully committed to the cryptocurrency’s potential upside movement. 

At 40x leverage, only 2.5% price movement against the trade would be enough to trigger a complete BTC liquidation, wiping out the entire margin backing Wynn’s position. This significantly high-risk strategy leaves no room for error, especially in a market as volatile as Bitcoin.

Featured image from Pixabay, chart from Tradingview.com

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Widely followed trader Michaël van de Poppe believes that new record highs are bound to happen for the crypto market.

The analyst tells his 794,400 followers on the social media platform X that he’s keeping an eye on the TOTAL chart, which tracks the market cap of all digital assets excluding stablecoins.

According to Van de Poppe, TOTAL is gearing up for a massive breakout after printing a series of higher lows since the start of 2024.

“A constant move upwards for the entire crypto market capitalization.

Matter of time until we’re breaking upwards to a new all-time high.”

At time of writing, TOTAL is trading at $3.323 trillion, down about 11% from its all-time high of $3.738 trillion, which it hit in December of 2024.

Turning to Bitcoin, Van de Poppe thinks that new all-time highs are in sight for BTC.

“This can still be classified as the build-up phase for Bitcoin.

I assume we’ll be starting to run up significantly in the coming weeks.” 

At time of writing, Bitcoin is trading at $109,100.

As for Ethereum, Van de Poppe believes that ETH could spark a huge upside burst if it takes out resistance at $2,800.

“The moment it breaks out (whichever side), it’s going to be providing a big move.

Given that we’ve hit the low at $1,700 and sentiment is on the bottom, I assume we’ll break upwards, resulting in the start of the bull market.” 

At time of writing, ETH is worth $2,570.

The last altcoin on the trader’s radar is the artificial intelligence (AI)-focused crypto project Bittensor (TAO). Van de Poppe thinks TAO needs to breach its resistance at around $350 to trigger a surge to his price target.

“TAO is on the edge of breaking back in the range, which would then fuel a move towards the other side of the range ($470).”

At time of writing, TAO is worth $328.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed crypto analyst is revealing bullish targets for Bitcoin (BTC) while updating his outlook on a handful of prominent altcoins.

In a new strategy session, crypto trader Ali Martinez tells his 139,200 followers on the social media platform X that the top crypto asset by market cap looks poised to push to the $118,000 price level – a new all-time high – if it can finish with a daily close above $109,000.

“Despite the broader quarterly outlook shared in this video, the daily chart for Bitcoin. BTC looks promising. A daily close above $109,000 could open the door to a rally toward $118,000!”

BTC is trading for $109,644 at time of writing, a fractional increase on the day.

Moving on to smart contract platform Ethereum (ETH), Martinez says he expects more choppiness until the top altcoin closes outside the $2,227-$3,385 range.

“Heard a company added an inflationary asset like ETH to its balance sheet, and suddenly everyone’s bullish again. But let’s be real: I expect more chop until we get a sustained close outside the $2,227-$3,385 range.”

ETH is valued at $2,579 at time of writing, a marginal increase on the day.

Turning his attention toward the meme asset Dogecoin (DOGE), Martinez notes that the popular dog-themed token appears ready to ascend to $0.19, potentially up to $0.26, after bouncing off a low.

“Dogecoin bounced from the lower boundary of this channel. Now targeting $0.19, with potential upside to the upper boundary near $0.26.”

DOGE is trading for $0.17 at time of writing.

Concluding his analysis with ETH competitor Solana (SOL), the trader says the smart contract platform looks poised to benefit if the crypto markets break out.

SOL is trading for $151 at time of writing, a marginal decrease during the last 24 hours.

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