Bitcoin has done it again—smashing through every past record to hit an all-time high of $123,637 on Wednesday night, per Binance market data.

It’s now hovering at $123,334.03 (+2.82%), leaving short sellers nursing massive losses. Coinglass data shows $397M in liquidations, with $259M of that from traders who bet against the rally.


Meanwhile, Ethereum is staging its own comeback—now just 3% shy of its 2021 peak—helping push total crypto market cap to a historic $4.2 trillion (CoinGecko).


📈 Ether’s Surprise Surge


Investment funds are piling into ETH like it’s 2020 all over again. Public companies now hold nearly $17B worth of Ethereum, according to StrategicEthReserve.xyz.


The biggest shocker? ETHZilla—formerly biotech firm 180 Life Sciences—revealed it holds 82,186 ETH. Backed by billionaire Peter Thiel, the pivot sent its stock up 200% in one day, followed by another +50% in premarket.


For the first time ever, US spot Ether ETFs saw more daily trades than Bitcoin ETFs. August alone brought $1.7B in ETH inflows, while Bitcoin funds suffered $436M outflows.


Ether futures open interest has now hit a record $66B. Traders aren’t just buying ETH—they’re locking in long-term bets.


🏛 Policy Fuel for ETH


The GENIUS Act, passed in July, opened the floodgates for stablecoins in the US. Standard Chartered says stablecoins already make up 40% of blockchain fees, over half of which run on Ethereum.


The bank upgraded its year-end 2025 ETH target from $4,000 → $7,500, citing DeFi growth and surging network activity.


📊 Bitcoin Still King of the Long Game


Despite ETH’s fireworks, Bitcoin remains the heavyweight champ for long-term ROI. Over the past decade:



  • BTC CAGR: 42.5%


  • Nasdaq: 16%


  • Gold: 10.65%


  • US M2 money supply: 6%


Resistance sits just above $130K, but models point to $200K by year-end 2025 in a full bull cycle—and $1.2M–$1.5M by 2035.

$$BTC

#BTCOvertakesAmazon