Bitcoin indecision after large liquidations — catalysts present but wait for confirmation

Happy Friday — here’s a concise summary for August 15. Bitcoin trades above USD 119,100 and ended the week with price indecision after yesterday’s drop that liquidated over USD 500 million of traders.

Ethereum is seeing profit-taking despite trading close to its ATH. Treasury Secretary Scott Bessent’s correction — saying the U.S. will look for ways to acquire bitcoin — and Coinbase analysts’ conviction about a broad altseason add bullish narratives amid the volatility.

I see a mixed setup: supportive macro/fundamental signals exist, but recent large liquidations and price indecision call for caution until the market stabilizes.