Share this article
Bitcoin Drops Below $115K Amid Wave of Profit-Taking
Approximately, $3.5B of profit realized over the weekend, latest correction trims 7% from ATH.
Updated Aug 18, 2025, 1:50 p.m. Published Aug 18, 2025, 10:05 a.m.
Make us preferred on Google
What to know:
- Approximately $3.3B realized in profits on Saturday alone, the highest since July.
- Four ATHs in 2025, with corrections shrinking from 30% to 8%
Bitcoin has fallen more than 7% dipping below $115,000, since hitting its all-time high of over $124,000, as traders booked in over $3.5 billion of realized profits across the weekend, according to Glassnode data.
Saturday alone saw $3.3 billion in profit taking, the largest single-day figure since mid-July and one of the highest in 2025.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
For most of this year, profit has been realized almost daily, with only around 10 sessions showing net losses. The trend reflects BTC’s steady climb from $90,000 at the start of 2025.
Since hitting a low of $76,000 in April, profit taking has accelerated, especially as the $100,000 milestone triggered renewed selling pressure.
This latest downturn follows bitcoin’s all-time high of $124,000 earlier in August. Each correction this year from all-time highs, has been smaller than the last, suggesting more resilience as the market matures: January’s drawdown reached 30%, May’s was 12%, July’s 9%, and August’s pullback now sits at 8%.
Read more: Metaplanet Expands Bitcoin Treasury by 775 BTC, Assets Outweigh Debt 18-Fold
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
XRP drops 4% as traders watch whether $1.88 support holds
Price stabilizes near recent lows after a volatile pullback from above $2.
What to know:
- XRP slipped nearly 4% as bitcoin fell below $88,000, with price action driven more by market structure and positioning than by changes to Ripple’s fundamentals.
- Spot XRP ETFs saw about $40.6 million in weekly outflows, suggesting institutional profit-taking and rotation rather than a loss of confidence in the asset.
- XRP remains range-bound in a tight consolidation between support around $1.88 and resistance near $1.93–$1.95, with fading volume pointing to a larger move once the current stalemate resolves.
Top Stories
