Bitcoin News Today: Bitcoin, Ethereum, XRP Face Sharp Selloff Amid $500M Liquidations

Generated by AI AgentCoin World
Monday, Aug 18, 2025 9:27 am ET2min read
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ETH
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Aime RobotAime Summary

- Crypto market plunges as Bitcoin, Ethereum, and XRP face heavy selling, with $500M in liquidations.

- Key support levels tested by Bitcoin ($111,980) and Ethereum ($3,941), with bearish technical indicators.

- Institutional inflows persist: Ethereum sees $2.85B net weekly inflow, Bitcoin $547.82B.

- Prolonged bearish trend likely as fear-driven liquidations dominate, risking further corrections.

The crypto market continued its downward spiral on Monday, with

Bitcoin
,
Ethereum
, and
XRP
all facing intensified selling pressure and risking further losses. Liquidations across the sector exceeded $500 million in the past 24 hours, with long positions accounting for $483.23 million of the total [1]. This sharp drop in value reflects growing fear and risk-averse sentiment among investors, as seen in the widespread liquidations and declining price action of major cryptocurrencies [2].

Bitcoin, currently trading below the 50-day Exponential Moving Average (EMA) at $115,001, has lost 2% since the start of the week [3]. The asset is now targeting a critical support level at $111,980, which was last tested on August 3. Technical indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) point to a bearish bias, with MACD crossing below its signal line and RSI reading 44, signaling waning buying pressure [4].

Ethereum has also fallen under pressure, depreciating over 4% to trade near $4,000. The coin has failed to hold above the $4,300 level and is now heading toward the $3,941 support level, which aligns with the lower boundary of a falling channel. The MACD approaching its signal line and a declining RSI reading of 58 suggest that momentum is shifting toward the bears [5].

XRP has dropped below the $3.00 psychological level, trading at $2.97 with a 3.8% decline. The token is now testing a long-standing trendline drawn from the June 23 and August 3 lows. A close below the 50-day EMA at $2.94 could push XRP toward $2.78, representing a 50% retracement level from its recent high. Momentum indicators remain bearish, with the RSI at 45 and the MACD continuing a downward trend [6].

Despite the sharp pullback, institutional confidence in Bitcoin and Ethereum appears to remain strong. According to Sosovalue data, Ethereum recorded a net weekly inflow of $2.85 billion for the fourteenth consecutive week, while Bitcoin saw $547.82 billion in net inflows, surpassing the previous week's total [7]. The US-based Bitcoin and Ethereum ETFs now hold $151.98 billion and $28.15 billion in assets, respectively, indicating continued institutional interest in the assets [8].

The broader technical outlook for the crypto market remains bearish, with selling pressure showing no signs of abating. The imbalance in liquidations—particularly the dominance of long position liquidations—highlights the shift to a risk-off environment. This trend increases the likelihood of further corrections as fear continues to grip the market [9].

Overall, Bitcoin, Ethereum, and XRP face critical support levels in the near term, and their ability to hold these levels will be crucial in determining the next phase of market direction. Should these assets continue to fall, the bearish trend may intensify, leading to more volatility and potential cascading losses across the crypto space.

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Source: [1] CoinGlass (https://www.fxstreet.com/cryptocurrencies/news/crypto-today-bitcoin-ethereum-xrp-risk-further-losses-as-liquidations-cross-500-million-202508181127)