Market Deep Analysis on August 4, 2025
Under the tranquil facade of the US stock market's weekend closure, the cryptocurrency market surged with a wave of decline last night. This drop seems to be a prelude to the inertia of the US stock market's downward trend after opening and reveals the underlying forces behind this cryptocurrency market crash — US stock players, especially the deep involvement of American capital.
In this downward trend, during the early hours, the price of Ethereum plummeted like a waterfall, falling below the $3,400 mark, reaching a two-week low. Bitcoin was no exception, dropping below $112,000. This is not only a simple breakthrough of Bitcoin's previous week's low but also approaches a crucial price defense line — $110,000. This figure of $110,000 is not just an ordinary psychological barrier; it is a price point that Bitcoin has struggled to break through multiple times. After breaking through, it transformed into a solid support level within the new price range, and its strategic significance is evident.
A deep analysis of the reasons behind Bitcoin's recent decline reveals that the correlation with the US stock market is an undeniable culprit. Previously, I clearly pointed out that for the strong Ethereum, Bitcoin does not need to break through $120,000; it only needs to maintain sideways consolidation to stabilize its position. However, reality has proved otherwise, and the market trend has deviated from this expectation. But on second thought, the US stock market may welcome a moment of respite after closing on the weekend. Especially since Bitcoin stabilized at the $110,000 defense line at a critical moment, this also reflects a subtle change in confidence in the US stock market to some extent.
In this wave of decline, many investors are worried about Bitcoin's prospects, but I have a completely different view on Ethereum. Although Ethereum has fallen from its peak, with a maximum drop of 15%, I believe this level of correction is still acceptable. Looking back at Ethereum's previous upward trajectory, its gains were rapid, accumulating a large amount of profit-taking. A moderate correction not only helps to wash out floating capital but also lays a more solid foundation for future price increases. Moreover, from the exchange rate trend of Ethereum against Bitcoin, it has not reached a new low, indicating that Ethereum still maintains its position as a strong currency in the cryptocurrency market and is a robust representative in the crypto world.
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