$BTC Drops to $113K as Traders Await #Powell's Jackson Hole Speech


$BTC fell 2.78% to $113,234 while $ETH declined 5.44% to $4,108 as traders took profits after recent market highs. Both cryptocurrencies faced pressure from leveraged liquidations following $BTC all-time high earlier this month.


Kronos Research CIO Vincent Liu noted traders are in wait-and-see mode, expecting market consolidation until policy clarity emerges. For $ETH, $4,200 serves as the key liquidity pivot, with breaks below potentially targeting $3,900.


The sell-off comes as spot $BTC ETFs experienced slower inflows after a record July, while $ETH ETFs saw recent #outflows following strong early August performance.


Markets are now focusing on Wednesday's #FOMC meeting minutes and #FedChair Jerome Powell's Friday Jackson Hole speech. Analysts warn contradictory dovish signals could trigger sharp corrections, while more accommodative #Fed rhetoric may fuel rallies. The positioning reflects uncertainty ahead of expected September rate cuts.

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August 20, 2025 at 12:15 PM
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