Today’s Bitcoin Price Plummeted to IDR 1.82 Billion: What Caused It? – August 20, 2025

Jakarta, Pintu News – The price of Bitcoin today took the market by surprise again after dropping below USD 113,000 or around Rp1.84 billion, based on a conversion of 1 USD = Rp16,295. This drop comes just days after it hit a new record high of USD 124,176 (IDR 2.02 billion), raising questions about the direction of the next bull market.

According to a Cointelegraph report written by Marcel Pechman, this price drop triggered the liquidation of USD 113 million (IDR 1.84 trillion) worth of leveraged positions. This shows that the market is still highly vulnerable to external pressures, especially from global economic uncertainty.

Global Economic Factors Suppress Market Sentiment

One of the main causes of investor fear is the United States’ new import tariff policy of 50% on 407 aluminum- and steel-based products. These goods include automotive components, plastics, and specialty chemicals. The possible rise in consumer prices is driving fears of inflation and supply chain disruptions.

UBS, one of the world’s largest investment banks, even raised its gold price prediction to USD 3,700 per ounce by September 2026 due to predictions of weaker economic growth and a declining US dollar. This shows that safe haven assets like gold are making a comeback as confidence in the stock and crypto markets weakens.

Also Read: Ethereum (ETH) Price Predicted to Surge to $15,000, What’s Driving This Increase?

SEC Investigation Adds Pressure

Another report that worsened market conditions was an investigation by the US Securities and Exchange Commission (SEC) into Alt5 Sigma, a partner of World Liberty Financial-a company associated with Donald Trump. Alt5 Sigma is allegedly involved in stock manipulation and fraud.

World Liberty Financial is known to have raised USD 550 million (IDR 8.96 trillion) from a public token sale. These political connections and alleged legal violations have raised concerns among investors, especially since Donald Trump is known to have earned USD 57.4 million (IDR 935 billion) from his stake in the company.

Investor Fears Reflected in Derivatives Market

The Bitcoin derivatives market reflects rising fear through the 30-day options skew delta indicator which reached 12%, the highest level in the past four months. Under normal conditions, this metric is usually in the range of -6% to +6%. Readings above 10% indicate extreme fear from investors.

The increase in demand for put options contracts indicates that market participants are preparing for a lower price scenario. However, as previously noted in April 2025, a similar spike was followed by a 40% increase in prices within a month. This shows that market fears are often exaggerated and do not always reflect fundamental realities.

Is Rp1.82 Billion the Low Point of Bitcoin in August 2025?

So far, there is no strong indication that Bitcoin’s long-term (bullish) uptrend has ended. Many analysts believe that this decline is simply a healthy correction within the broader market cycle. Global economic conditions may be unstable, but Bitcoin’s appeal as an alternative hedge asset remains.

According to Cointelegraph, volatility is part of the character of the crypto market, but it does not necessarily erase the long-term outlook which remains positive. Instead, the shift of funds from traditional stocks to cryptocurrencies could be a new catalyst in the near future.

What Should Investors Look Out for?

Investors are advised to remain vigilant but not panic. A combination of macroeconomic factors, geopolitics, and legal investigations do affect crypto prices in the short term, but investment decisions should still be based on fundamental analysis, not emotional reactions to daily news.

As always, asset diversification, risk management, and an understanding of market dynamics are key to surviving this uncertain environment.

Also Read: Dogecoin is the only meme coin in the top 25 – is it the king of meme coins?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Marcel Pechman / Cointelegraph. Why is Bitcoin crashing and will $112K be the final bottom?. Accessed August 20, 2025.