---
title: "Bitcoin and Ether Are Primed for New All-Time Highs"
url: https://diffcoin.com/bitcoin-and-ether-are-primed-for-new-all-time-highs/
description: "Key points:Bitcoin takes another shot at price discovery as volatility returns with Wall Street traders.Crypto liquidations pass $500 million in 24…"
published: 2025-08-13
updated: 2025-08-13
author: "Mila"
site: "Diffcoin"
---

# Bitcoin and Ether Are Primed for New All-Time Highs

**Key points:**

- Bitcoin takes another shot at price discovery as volatility returns with Wall Street traders.
- Crypto liquidations pass $500 million in 24 hours.
- Ether comes within $150 of new all-time highs as institutional interest surges.

Bitcoin (BTC) sought new all-time highs at the Wednesday Wall Street open as institutional demand punished late shorts.

*BTC/USD one-hour chart. Source: Cointelegraph/TradingView*

## Bitcoin, altcoin volatility liquidates $500 million

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD piercing the $122,000 mark before cooling.

Up 1% on the day, the pair faced resistance around current all-time highs as short positions were liquidated across crypto markets.

Data from monitoring resource CoinGlass put total 24-hour liquidations at over half a billion dollars at the time of writing.

*Crypto liquidations (screenshot). Source: CoinGlass*

“$BTC went right through,” trading commentator TheKingfisher summarized in part of a reaction on X.

Popular trader Daan Crypto Trades concluded that Bitcoin would either continue to range or break out into price discovery next.

“BTC is still range-bound currently and will need to either break out into price discovery or continue to go sideways to build up more positions on both sides,” he told X followers about the CoinGlass data.

> “No major liquidity cluster anywhere in close proximity right now to go off. Focus lies on alts for many market participants.”

*BTC liquidation heatmap. Source: CoinGlass*

Anticipation of new all-time highs for the top altcoin, Ether (ETH), continued to build on the day, with ETH/USD reaching its highest levels since December 2021 — less than $150 away from uncharted territory.

*ETH/USD one-month chart. Source: Cointelegraph/TradingView*

Both Ether and Bitcoin fielded increased institutional interest. As Cointelegraph reported, blockchain technology firm BitMine announced a $20 billion fundraising round to purchase ETH, while institutional entities made up 75% of Coinbase trading volume on Tuesday.

## $126,000 “pivotal” for Bitcoin going forward

In further good news for the bulls, popular trader and analyst Rekt Capital said that $120,000 was now BTC price support.

***Related:*** ***BTC price to fill $117K CME gap? 5 things to know in Bitcoin this week***

“Bitcoin has fully confirmed its breakout from the Bull Flag and turned the $120k level into new support. Bitcoin has entered trend continuation, with a chance at challenging new All Time Highs soon,” he wrote on the day.

*BTC/USD one-day chart. Source: Rekt Capital/X*

Rekt Capital added that $126,000 would be the “pivotal” price point to watch.

> [#BTC](https://twitter.com/hashtag/BTC?src=hash&ref_src=twsrc%5Etfw)
> 
> The ~$126,000 level will be the pivotal price point going forward[$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) [#Crypto](https://twitter.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw) [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) https://t.co/roTsRRsc07
> 
> — Rekt Capital (@rektcapital) [August 13, 2025](https://twitter.com/rektcapital/status/1955633619533189441?ref_src=twsrc%5Etfw)

For Ether, he said, $4,631 would be the support level required to fuel an excursion into price discovery.

*ETH/USD one-week chart. Source: Rekt Capital/X*

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

[Source link](https://cointelegraph.com/news/bitcoin-bulls-charge-at-all-time-highs-trader-says-126k-pivotal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)