Market Sentiment
The current Fear and Greed Index in the cryptocurrency market is at 72 points, indicating Greed. This index reflects the optimism of market participants, primarily driven by Ethereum's price breaking above $3,600 and Bitcoin's stability above $118,000. Additionally, the U.S. signing of the GENIUS Act for stablecoins has enhanced regulatory clarity and boosted investor confidence. However, major economic factors, such as pressures from U.S. tariff policies and global trade concerns, may curb further gains and lead to fluctuations in sentiment in the short term. Overall, greed prevails, but caution should be exercised regarding potential pullback risks to avoid excessive speculation that exacerbates market instability.
Quick Overview
The current price of Bitcoin is $117,821.61, up 0.27% over the last 24 hours; the current price of Ethereum is $3,621.97, up 2.59% over the last 24 hours. The volatility of Bitcoin is mainly attributed to institutional capital flows and whale activity on-chain, though uncertainty regarding overall tariff definitions limits further gains. The rise of Ethereum is due to the net inflow of spot exchange-traded funds, with the total number of staked tokens exceeding 36 million, leading to a general rise in environmental tokens like ENA, which increased by 12.7%. Reasons for Monday's volatility include regulatory advantages and global economic pressures. Bitcoin is expected to test the resistance level at $118,000 in the short term, and Ethereum may challenge the high level of $4,000. Focus on-chain.
Over the past twenty-four hours, many whale addresses have been active, including a newly created address that mined 5,599 Ethereum (worth $20.08 million) from the Galaxy Digital platform, with a total accumulation of 11,147 Ethereum in the past two days; another whale accumulated 47,121 Ethereum (worth $169 million) via the FalconX platform. Additionally, a hacker who stole funds from Coinbase increased their holdings by 649.62 Ethereum (at an average price of $3,561), with a total floating profit of over $5 million. The address associated with Pump.fun recharged two billion PUMP units (worth $12.75 million) to the Binance platform, suspected to be equipped for airdrops or online launches. These dynamics show that institutions and whales are rushing to buy Ethereum, but they also increase the risk of liquidation, such as the long-buying area for Ethereum at $3,200-$3,100. Institutional Trends.
Spot Bitcoin exchange-traded funds saw a net inflow of $363 million, with a total historical cumulative of $54.751 billion, of which the BlackRock IBIT fund contributed $497 million. The net inflow of spot Ethereum exchange-traded funds was $402 million, with a cumulative total of $7.488 billion, and the inflows to the BlackRock ETHA fund were $395 million. These inflows have bolstered the bullish market and pushed Bitcoin and Ethereum prices to recover; however, outflows of $81.28 million from the Grayscale GBTC fund showed caution among some institutions. Short-term effects include improved liquidity and support for price stability; however, if overall tariffs intensify, it could lead to capital outflows, exacerbating volatility.