Bitcoin Price Closes in on All-Time High as Traders Await Key Inflation Data

August 11, 2025

in Web3

Reading Time: 3 mins read

In short

Bitcoin has rebounded 4.5% since Saturday, nearing its mid-July report of $122,838.
Derivatives knowledge reveals a soar in open curiosity, pointing to a surge in leveraged lengthy bets.
Merchants are watching Tuesday’s CPI launch for clues on potential Fed charge cuts.

Bitcoin is anticipated to interrupt its all-time excessive this month as a optimistic macroeconomic outlook continues to assist threat property, together with crypto, specialists advised Decrypt Sunday.

The weekend rally has helped undo losses witnessed final week, with Bitcoin up 4.5% since Saturday’s open and pushing the highest crypto to commerce simply shy of its July 14 all-time excessive of $122,838, in line with CoinGecko knowledge.

Open curiosity has additionally risen by 7,834 BTC alongside a surge in spot and perpetual shopping for volumes, knowledge from derivatives platform Coinalyze reveals, with indicators the transfer has been primarily fueled by speculative lengthy positioning.

“There’s nonetheless loads of gasoline left for this bull run,” Sean Dawson, head of analysis at on-chain choices platform Dervie, advised Decrypt. Bitcoin is anticipated to hit “$150,000 earlier than the top of the yr,” primarily based on volatility knowledge he added.

Crypto costs climbed within the wake of final week’s rally in know-how shares, a surge that coincided with investor optimism over U.S. charge cuts and a sagging U.S. greenback.

The elevated correlation between NASDAQ and Bitcoin “explains the latest worth motion,” crypto-focused intelligence e-newsletter Ecoinometrics wrote in a Sunday put up on X.

“Bitcoin could also be digital gold, nevertheless it trades like a risk-on asset. What actually issues is whether or not markets are in a risk-on or risk-off regime,” it wrote.

Markets are actually turning their focus to the July Client Worth Index report, due Tuesday. Economists count on a ten foundation level uptick within the annual inflation charge to 2.8%.

A softer-than-expected print might bolster expectations for a Fed charge lower as early as September.

“We’re seeing the confluence of numerous macro and political elements that might ship costs hovering,” Dawson mentioned. “Crypto sometimes performs very nicely in low-rate surroundings situations.”

Nonetheless, some merchants are positioning defensively. Dawson famous elevated demand for put choices, suggesting rising concern over a possible upside shock within the inflation knowledge.

That would trigger a “mini panic,” and will result in a “sharp downturn,” Dawson added.