Over the past 24 hours, the price of the leading cryptocurrency fell by 2.2%, data from CoinGecko showed. At the time of writing, Bitcoin was trading at $115,543.
Inflation Data and Fed Policy Fears
Liu said the drop reflects investors’ caution following stronger-than-expected U.S. inflation numbers. The Consumer Price Index (CPI), published on August 12, came in at 2.7%, just below forecasts of 2.8%. That briefly lifted the probability of a September Fed rate cut to nearly 94%.
But optimism faded after July’s Producer Price Index (PPI) rose 3.3% versus expectations of 2.5%. Liu explained this weakened hopes for near-term monetary easing, strengthened the dollar, and pushed traders out of risk assets.
Adding to the pressure, U.S. Treasury Secretary Scott Bessent said the government would not allocate budget funds to expand Bitcoin reserves. The Fear & Greed Index slipped to 60, signaling a more cautious market mood.
Capital Rotation, Not Panic
Rachel Lucas, an analyst at BTC Markets, argued the pullback reflects capital rotation rather than a loss of confidence. On August 15, spot Bitcoin ETFs from Grayscale and Ark Invest saw outflows, while BlackRock’s fund attracted $114 million.
“While daily flows have softened slightly, institutional participation remains strong. Investors appear to be consolidating into lower-cost products rather than abandoning the market,” Lucas said.
She pointed to key support levels at $115,000 and $112,500. A breakdown could see Bitcoin test $110,000. The next potential catalyst, she added, will be the Fed’s Jackson Hole symposium on August 21–23, where any hints of policy easing could bolster crypto assets.
Corporate Treasuries Still Accumulating
Despite the pullback, corporate buyers continue to build positions.
On August 15, spot Bitcoin ETFs from Grayscale and Ark Invest recorded outflows, while BlackRock’s product bucked the trend and drew in $114 million. According to Rachel Lucas of BTC Markets, the movement reflects a shift in positioning rather than a loss of confidence. “Flows have cooled somewhat, but institutional activity remains high. Investors appear to be moving into cheaper products instead of leaving the market altogether,” she said.
Lucas highlighted $115,000 and $112,500 as key support areas. A drop below those levels could pave the way toward $110,000. The next potential driver, she noted, is the Federal Reserve’s annual Jackson Hole symposium on August 21–23, where even subtle hints of a policy shift could give crypto assets a lift.
Corporate Treasuries Still Accumulating
The correction has not stopped corporate treasuries from adding to their holdings. On August 18, Japan’s Metaplanet bought another 775 BTC for roughly $93 million, company president Simon Gerovich confirmed. “I understand the frustration after the latest dip — it’s a natural reaction. But our conviction rests on the fundamentals we’re building,” he said.
Metaplanet has acquired 775 BTC for ~$93 million at ~$120,006 per bitcoin and has achieved BTC Yield of 480.2% YTD 2025. As of 8/18/2025, we hold 18,888 $BTC acquired for ~$1.94 billion at ~$102,653 per bitcoin. $MTPLF pic.twitter.com/9r1law8jyH
— Simon Gerovich (@gerovich) August 18, 2025
With the latest purchase, Metaplanet’s stash rose to 18,888 BTC, valued at $1.94 billion at an average entry of $102,653. That makes the firm the sixth-largest public holder of Bitcoin. MicroStrategy, led by Michael Saylor, remains far ahead with 628,946 BTC worth about $72.5 billion.
I hear the disappointment in the recent pullback. It’s natural to feel that way. But what gives us conviction is the foundation we are building. Let’s review the milestones we’ve reached together, because over time fundamentals prevail. pic.twitter.com/rw3WNa2FRB
— Simon Gerovich (@gerovich) August 17, 2025
Debate Over Corporate Bitcoin Treasuries
The growing role of corporate buyers has divided opinion. Supporters argue these treasuries enhance Bitcoin’s visibility and reinforce its long-term value. Critics, however, warn that concentration of holdings raises governance risks and could skew market dynamics.
As a reminder, FORECK.INFO previously reported on the altcoins that investors refuse to sell under any circumstances.