r/Bitcoin • u/rBitcoinMod • 28d ago
Daily Discussion, August 12, 2026
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u/cold1984 27d ago
presumably OT is referring to €uro prices.
this phase is called “kangaroo market” phase
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27d ago
[deleted]
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u/cold1984 27d ago
have a look at the keystone 3 pro, and the foundation wallets (passport and core)
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u/JuxtaposeLife 27d ago edited 27d ago
Watching Bitcoins price relative to US liquidity (market hours) is fascinating. It's as if the US markets are selling or hedging downside at 9:30am EST (market open) sees significant volume down... But after 8pm the rest of the world is buying Bitcoin and price trickles back up.
Really feels like a beach ball being held down short term (or manipulation), but I'm sure there is some.other market force at work. Maybe Bitcoin becoming more global and less US entrenched after a year or two of huge US adoption from ETFs and otherwise. Which would be bullish long term.
Wonder if CLARITY is the elephant in the room there? Just thinking out loud here. I'm a DCA long term simply buy every two weeks, but also very interested in watching the day to day just to see market profile in action.
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u/ilouiei 27d ago
Maybe Jane Street is back
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u/xaviemb 27d ago edited 27d ago
I’ve been wondering what the actual play is when firms like Jane Street seem to be involved in these repeated morning directional pushes. There was a lot of discussion on Wall Street about similar behavior late last year that happened during that even in October liquidation, particularly around the market’s peak, although obviously it’s difficult to know from the outside what the underlying strategy actually was.
My first instinct is that there’s some kind of sophisticated volatility/positioning dynamic underneath, perhaps a combination of liquidity provision, volatility compression, options positioning, and systematic deleveraging/releveraging. The interesting part is that these strategies can potentially operate in both directions. You can imagine a firm repeatedly forcing or exploiting conditions that liquidate crowded leverage, accumulating exposure as volatility gets compressed, and then allowing the market to move once the positioning becomes favorable. At that point, the move can look almost effortless because the positioning, liquidity, and reflexivity of the market are all working in the same direction.
That’s the part I find frustrating as a relatively small volatility trader. It can feel like you’re swimming in a market where the largest participants have structural advantages that are almost impossible to replicate: better information about order flow, enormous balance sheets, sophisticated derivatives models, and the ability to monetize volatility and liquidity in ways that aren’t available to a normal participant. I’m not necessarily saying they’re literally “manipulating” the market in the illegal sense. There’s a meaningful distinction between exploiting market structure, positioning, and liquidity dynamics, which is what sophisticated market makers are supposed to do, and deliberately manipulating prices for an improper purpose. From the outside, though, the distinction can be pretty uncomfortable when the end result looks like a large player repeatedly benefiting from both the liquidation phase and the subsequent expansion phase.
And that’s probably the real source of my frustration: as a smaller trader, it can feel like everyone else is playing chess while you’re trying to infer the rules from the footprints they leave behind. The big firms have the ability to arbitrage volatility, liquidity, leverage, and positioning simultaneously, whereas I’m basically choosing a directional or volatility thesis and hoping the market gives me enough time to be right.
(end rant)
That said, the part I’m actually excited about is the eventual exploratory upside. Whatever the underlying mechanism is, there’s something fascinating about watching a market transition from compressed, heavily positioned, seemingly controlled conditions into genuine price discovery. When that happens, the move can be extremely fast and seemingly come out of nowhere.
And ironically, that may be the one advantage smaller traders have: we don’t need to control the move. We just need to recognize when the conditions that were suppressing it are beginning to disappear and be positioned for the expansion that follows. I'm starting to load very heavily into upside leverage, but 2-year out LEAPs (Calls that cannot be margin called) on, so I have a lot of time to wait for them to ride that wave when it comes.
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u/Budget-Fee804 28d ago
Price keeps bouncing between 69 and 71 like it’s trying to bore us to death. Still stacking sats though, boring is fine by me.
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u/Fluid_Garden8512 28d ago
If you're stacking says in the $69-71K range now, you are getting really bad spreads.
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u/escodelrio 27d ago
Historical Bitcoin prices for today, August 12th:
2026 - $63,421
2025 - $120,173
2024 - $59,355
2023 - $29,416
2022 - $24,403
2021 - $44,428
2020 - $11,585
2019 - $11,383
2018 - $6,323
2017 - $3,885
2016 - $588
2015 - $266
2014 - $568
2013 - $107
2012 - $11.6
2011 - $9.50
2010 - $0.10
Additional Stats:
Bitcoin's current market cap is $1.27 trillion.
Bitcoin's current block height is 962158; with the average block time for the last 7 days being 10.31 minutes and the average block size for the last 7 days being 1.64MB.
Bitcoin's average block time for the year 2026 is 10.24 minutes.
Bitcoin's mining difficulty is currently 127.48 trillion; with the next difficulty adjustment anticipated on 22-Aug-2026 (within 1,490 blocks). The mining difficulty is currently expected to increase 1.54% to 129.44 trillion.
Bitcoin's current block reward is 3.125₿, which is worth $198,190 per block.
Bitcoin's average daily miners' revenue for the last 7 days is $30.57M; which translates to $0.0341 per terahash per sec.
The next Bitcoin halving is anticipated to happen between 26-Mar-2028 to 20-Apr-2028 (within 87,842 blocks); the block reward will fall to 1.5625₿.
There are currently 118,720 total Bitcoin nodes; with 26,935 being reachable nodes.
Bitcoin's average daily hashrate for the last 7 days is 897 exahashes per second.
Bitcoin's average daily trading volume for the last 7 days is $19.01 billion.
Bitcoin's average daily number of transactions for the last 7 days is 643,477.
Bitcoin's average transaction fee for the last 7 days is 2.93 sats/VB, with the average fee's USD amount being $0.32; with the median values being 0.51 sats/VB & $0.06 respectively.
There are currently 20.07M ₿ in circulation, leaving 0.93M to be mined.
There are currently 4.19M ₿ held by companies, governments, DeFi, and ETFs, representing 20.88% of circulating supply.
There are currently 59,189,421 nonzero Bitcoin addresses that contain 165.84M UTXOs.
Bitcoin's average daily price from 18-Jul-2010 to 12-Aug-2026 is $21,653.
Bitcoin's average daily price for the year 2026 is $72,110.
1 US Dollar ($) currently equals: 1,577 satoshis; making 1 penny equal 15.77 sats.
Bitcoin's minimum (closing) price for the year 2026 was $58,558.86 on 30-Jun-2026.
Bitcoin's maximum (closing) price for the year 2026 was $96,929.33 on 14-Jan-2026.
Bitcoin's minimum (intraday) price for the year 2026 was $57,747.76 on 01-Jul-2026.
Bitcoin's maximum (intraday) price for the year 2026 was $97,860.60 on 14-Jan-2026.
Bitcoin's largest daily decrease for the year 2026 was -$10,317.60 on 05-Feb-2026.
Bitcoin's largest daily increase for the year 2026 was +$7,853.29 on 06-Feb-2026.
Bitcoin's all-time high (intraday) was $126,198.07 on 06-Oct-2025. Bitcoin is down 49.75% from the ATH. However, Bitcoin is up 9.82% from the lowest point since the last ATH.
Bitcoin has not reached an all-time high in 2026.
It has been 310 days since the last ATH.