Bitcoin just tore through every resistance, smashing a new all-time high at $123,637 before settling around $123,334 (+2.82%). Short-sellers took a heavy hit — $397M in liquidations, with $259M wiped from shorts betting against the move (Coinglass). 📉💥
But BTC isn’t stealing the spotlight alone. Ethereum is now just 3% shy of its 2021 peak, powering the total crypto market cap to an all-time high of $4.2T (CoinGecko). After months of underperformance, ETH is roaring back — with $1.7B in inflows to US spot Ether ETFs this month, while Bitcoin funds bled $436M. For the first time ever, Ether ETFs even out-traded Bitcoin ETFs in daily volume.
The fuel? Institutions are stacking ETH like never before. Public companies now hold $17B in ETH, with ETHZilla — backed by Peter Thiel — igniting headlines after revealing an 82,186 ETH stash, sending its stock up 200% in a day and another 50% premarket. 🚀
Policy tailwinds are adding more fire. The GENIUS Act, passed in July, paves the way for mainstream stablecoin adoption in the US. With stablecoins already making up 40% of blockchain fees — and over half running on Ethereum — Standard Chartered now predicts a major surge in ETH layer-1 activity, raising its year-end target from $4K to $7.5K.
📈 BTC Outlook
Despite ETH’s breakout, Bitcoin remains king of long-term gains — delivering a 42.5% CAGR over the past decade, crushing Nasdaq (16%), Gold (10.65%), and US M2 (6%). Analysts see $130K as the next test, but models point to $200K by end-2025, with a potential $1.2M–$1.5M range by 2035.
💎 Bottom line: BTC holds the crown, ETH is surging, and the market is rewriting the history books in real time. The bull run has only just begun.
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