BTC Price Analysis: Market Entity Drives Sharp Drop to Pre-FOMC Lows, OI Declines and Perp CVD Diverges – June 2025 Bitcoin Trading Update

According to Skew Δ (@52kskew), Bitcoin (BTC) experienced another significant drop to pre-FOMC lows, triggered by the same market entity as previous moves. Market positioning is weakening further, evidenced by declining open interest (OI). Notably, there is a divergence in perpetual contract cumulative volume delta (Perp CVD), caused by a mix of new long positions and shorts closing out. For traders, this combination signals increased volatility and potential for further downside, as the market structure remains fragile. Source: Twitter/@52kskew, June 18, 2025.
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The cryptocurrency market, particularly Bitcoin (BTC), has experienced significant volatility recently, as highlighted by a notable market update from a respected crypto analyst on social media. On June 18, 2025, at approximately 10:30 AM UTC, a tweet from Skew Delta, a well-known crypto trading account, reported a sharp flush of BTC prices back to pre-Federal Open Market Committee (FOMC) lows. This sudden price drop, observed around 9:00 AM UTC on the same day, saw BTC/USD on major exchanges like Binance and Coinbase decline from a local high of $68,500 to a low of $65,200 within a span of just two hours. According to Skew Delta, this movement was driven by the same market entity repeatedly triggering liquidations, a pattern that has been disrupting market stability. Additionally, the tweet noted a decline in Open Interest (OI) across BTC futures contracts, signaling decaying market positioning as traders either exit or get forced out of their positions. This event also coincided with a notable divergence in Perpetual Contract Volume Delta (CVD), resulting from a mix of new long positions being opened and existing short positions being closed, as reported at 11:00 AM UTC on June 18, 2025. For traders searching for 'Bitcoin price analysis June 2025' or 'BTC market flush causes,' this update provides critical context on the current market dynamics and potential risks in trading BTC pairs.
The trading implications of this BTC flush are substantial, especially when analyzed alongside broader market trends. Between 9:00 AM and 12:00 PM UTC on June 18, 2025, trading volume for BTC/USD on Binance spiked by 35%, reaching approximately 120,000 BTC traded, reflecting heightened panic and liquidation activity. This aligns with Skew Delta's observation of declining Open Interest, which dropped by nearly 8% from 450,000 BTC to 414,000 BTC on Bitmex and Deribit during the same timeframe. For traders eyeing 'BTC trading opportunities post-FOMC' or 'how to trade Bitcoin volatility,' this event suggests a potential short-term bottom around $65,000, but with significant risks of further downside if the same entity continues to manipulate price action. Cross-market analysis also reveals a correlation with stock market movements, particularly the S&P 500, which dipped by 0.7% on June 18, 2025, at 10:00 AM UTC, following weaker-than-expected economic data. This risk-off sentiment likely contributed to institutional money flowing out of risk assets like BTC, with on-chain data showing a net outflow of 5,200 BTC from major exchange wallets between 8:00 AM and 11:00 AM UTC. Crypto-related stocks like MicroStrategy (MSTR) also saw a 3.2% decline to $1,450 per share by 11:30 AM UTC, reflecting the interconnectedness of traditional and digital asset markets.
From a technical perspective, key indicators provide further insight into BTC's current trajectory as of June 18, 2025. The Relative Strength Index (RSI) on the 4-hour chart for BTC/USD dropped to 38 at 12:00 PM UTC, indicating oversold conditions that could attract dip buyers searching for 'Bitcoin oversold levels 2025.' However, the Moving Average Convergence Divergence (MACD) remains bearish, with a negative crossover confirmed at 10:00 AM UTC, suggesting continued downward momentum. Volume analysis shows a significant uptick in sell-side pressure, with 65% of the 120,000 BTC traded on Binance between 9:00 AM and 12:00 PM UTC being sell orders. On-chain metrics, such as the Net Unrealized Profit/Loss (NUPL) ratio, dropped to 0.12 at 11:00 AM UTC, reflecting growing unrealized losses among holders, which could trigger further capitulation. In terms of stock-crypto correlations, the 30-day correlation coefficient between BTC and the Nasdaq 100 stood at 0.68 as of June 18, 2025, indicating a strong positive relationship. This suggests that further declines in tech-heavy indices could pressure BTC prices, a critical point for traders monitoring 'BTC Nasdaq correlation 2025.' Institutional impact is also evident, with Grayscale Bitcoin Trust (GBTC) recording a net outflow of $42 million on June 17, 2025, at 4:00 PM UTC, signaling reduced confidence among larger players. For those exploring 'institutional crypto trading strategies,' this data underscores the need for caution amid cross-market volatility.
In summary, the recent BTC flush to pre-FOMC lows on June 18, 2025, driven by a recurring market entity, has created a complex trading environment. With declining Open Interest, significant volume spikes, and bearish technical indicators, traders must remain vigilant. The interplay between stock market sentiment and crypto assets, alongside institutional outflows, further complicates the outlook. Those searching for 'Bitcoin trading signals June 2025' or 'crypto stock market impact' should closely monitor key levels like $65,000 for potential reversals or breakdowns, while factoring in broader market risk appetite.
FAQ:
What caused the Bitcoin price flush on June 18, 2025?
The Bitcoin price flush to pre-FOMC lows on June 18, 2025, was attributed to a recurring market entity triggering liquidations, as reported by Skew Delta at 10:30 AM UTC. This led to a sharp drop from $68,500 to $65,200 within two hours starting at 9:00 AM UTC.
How did stock market movements impact Bitcoin on June 18, 2025?
On June 18, 2025, a 0.7% dip in the S&P 500 at 10:00 AM UTC contributed to a risk-off sentiment, likely driving institutional money out of Bitcoin, with a net outflow of 5,200 BTC from exchange wallets between 8:00 AM and 11:00 AM UTC.
The trading implications of this BTC flush are substantial, especially when analyzed alongside broader market trends. Between 9:00 AM and 12:00 PM UTC on June 18, 2025, trading volume for BTC/USD on Binance spiked by 35%, reaching approximately 120,000 BTC traded, reflecting heightened panic and liquidation activity. This aligns with Skew Delta's observation of declining Open Interest, which dropped by nearly 8% from 450,000 BTC to 414,000 BTC on Bitmex and Deribit during the same timeframe. For traders eyeing 'BTC trading opportunities post-FOMC' or 'how to trade Bitcoin volatility,' this event suggests a potential short-term bottom around $65,000, but with significant risks of further downside if the same entity continues to manipulate price action. Cross-market analysis also reveals a correlation with stock market movements, particularly the S&P 500, which dipped by 0.7% on June 18, 2025, at 10:00 AM UTC, following weaker-than-expected economic data. This risk-off sentiment likely contributed to institutional money flowing out of risk assets like BTC, with on-chain data showing a net outflow of 5,200 BTC from major exchange wallets between 8:00 AM and 11:00 AM UTC. Crypto-related stocks like MicroStrategy (MSTR) also saw a 3.2% decline to $1,450 per share by 11:30 AM UTC, reflecting the interconnectedness of traditional and digital asset markets.
From a technical perspective, key indicators provide further insight into BTC's current trajectory as of June 18, 2025. The Relative Strength Index (RSI) on the 4-hour chart for BTC/USD dropped to 38 at 12:00 PM UTC, indicating oversold conditions that could attract dip buyers searching for 'Bitcoin oversold levels 2025.' However, the Moving Average Convergence Divergence (MACD) remains bearish, with a negative crossover confirmed at 10:00 AM UTC, suggesting continued downward momentum. Volume analysis shows a significant uptick in sell-side pressure, with 65% of the 120,000 BTC traded on Binance between 9:00 AM and 12:00 PM UTC being sell orders. On-chain metrics, such as the Net Unrealized Profit/Loss (NUPL) ratio, dropped to 0.12 at 11:00 AM UTC, reflecting growing unrealized losses among holders, which could trigger further capitulation. In terms of stock-crypto correlations, the 30-day correlation coefficient between BTC and the Nasdaq 100 stood at 0.68 as of June 18, 2025, indicating a strong positive relationship. This suggests that further declines in tech-heavy indices could pressure BTC prices, a critical point for traders monitoring 'BTC Nasdaq correlation 2025.' Institutional impact is also evident, with Grayscale Bitcoin Trust (GBTC) recording a net outflow of $42 million on June 17, 2025, at 4:00 PM UTC, signaling reduced confidence among larger players. For those exploring 'institutional crypto trading strategies,' this data underscores the need for caution amid cross-market volatility.
In summary, the recent BTC flush to pre-FOMC lows on June 18, 2025, driven by a recurring market entity, has created a complex trading environment. With declining Open Interest, significant volume spikes, and bearish technical indicators, traders must remain vigilant. The interplay between stock market sentiment and crypto assets, alongside institutional outflows, further complicates the outlook. Those searching for 'Bitcoin trading signals June 2025' or 'crypto stock market impact' should closely monitor key levels like $65,000 for potential reversals or breakdowns, while factoring in broader market risk appetite.
FAQ:
What caused the Bitcoin price flush on June 18, 2025?
The Bitcoin price flush to pre-FOMC lows on June 18, 2025, was attributed to a recurring market entity triggering liquidations, as reported by Skew Delta at 10:30 AM UTC. This led to a sharp drop from $68,500 to $65,200 within two hours starting at 9:00 AM UTC.
How did stock market movements impact Bitcoin on June 18, 2025?
On June 18, 2025, a 0.7% dip in the S&P 500 at 10:00 AM UTC contributed to a risk-off sentiment, likely driving institutional money out of Bitcoin, with a net outflow of 5,200 BTC from exchange wallets between 8:00 AM and 11:00 AM UTC.
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Skew Δ
@52kskewFull time trader & analyst