Bitcoin News Today: Bitcoin Surpasses All-Time High on Short Liquidation Pressure and ETF Inflows

Bitcoin surged past its previous all-time high on August 13, 2025, with traders anticipating further gains as short positions become vulnerable to liquidation. The price climbed above $123,231 on Coinbase, fueled by positive macroeconomic signals and growing institutional interest. The July U.S. CPI report showed year-over-year inflation at 2.7%, below expectations, and raised the probability of a Federal Reserve rate cut in September to 93.9% per the CME FedWatch tool. Analysts historically link lower interest rates and a shift from quantitative tightening to bullish Bitcoin performance [1].

Traders have identified key price levels that could trigger a wave of short liquidations. According to Hyblock’s liquidation heatmap, Bitcoin is pushing through a short cluster at $122,500, with potential for further forced closure extending to $124,000. CoinGlass data reveals that nearly $2 billion in short positions are at risk should Bitcoin break through the $122,800 to $125,500 liquidity cluster. Over $18 billion in short positions could be liquidated if BTC reaches $125,000, amplifying upward pressure on the price [1].

Inflows into Bitcoin and Ether spot ETFs continue to support bullish sentiment. Farside Investors noted $65.9 million in BTC ETF net inflows, while ETH ETFs recorded $523.9 million in purchases on Tuesday. The ETH ETF even saw its first $1 billion inflow, contributing to a broader positive market tone across crypto assets [1].

TradingView analysts highlight that Bitcoin has already broken the $121,000–$119,000 resistance zone and is approaching a potential reversal zone. According to Elliott Wave analysis, the path is open for further upward movement into the $125,000–$128,000 range [2].

CoinDCX predicts that a breakout above current ranges could push Bitcoin toward $123,218, making the $125K–$128K zone highly likely. Meanwhile, phlmenus.org suggests a base-case projection of $121,500–$123,000, but a favorable mix of bullish catalysts could see BTC reach $125,000–$130,000 [3].

The Bitcoin market cap now exceeds $2.45 trillion, with the total crypto market cap hitting a record $4.15 trillion. As traders monitor the potential for a sharp move above $125,000, the market remains highly sensitive to macroeconomic data and institutional buying activity [1].

Source:

[1] Cointelegraph, https://cointelegraph.com/news/bitcoin-hits-record-high-liquidations-propel-btc-125k

[2] TradingView, https://www.tradingview.com/ideas/supplyanddemand/

[3] phlmenus.org, https://phlmenus.org/bitcoin-price-trend-forecast-and-analysis-for-the-next-month-mid-august-to-mid-september-2025/