Last night and this morning, Bitcoin broke through 124,000, setting a new historical high. It has once again turned into an upward trend. Ethereum stands above 4700, with over $500 million in short positions liquidated across the network!

The market is always like this: when most people are still hesitating, a few have already quietly laid out their strategies; when the masses finally awaken, the early birds have already reaped the rewards. Last night's exhilarating surge once again confirmed a truth: in the crypto circle, opportunities are always left for those who understand the signals and hold onto their chips.

Old Chen has been warning since early last month that "the bull market is coming" when ETH was still fluctuating around 2600, how many people scoffed at it? Now it has broken through 4700, leaving many latecomers regretting! But the market never lacks opportunities, only the eyes to discover them. Remember: every pullback in a bull market is a gift to get on board, and every panic is a good opportunity to lay out a strategy. Those who always want to buy at the lowest point often end up buying at the highest point.

Old Chen's ultimate prophecy: the bull market is not over yet!! Ethereum is about to reach a historical new high, Bitcoin will continue its slow bull climb, and this month is expected to sprint to 130,000!


Three major signals suggest a surge is still ahead:

1: Support from macro policies

Federal Reserve policy shift: By July 2025, U.S. CPI data fell below 3%, and the Federal Reserve released dovish signals, with the market expecting a rate cut cycle to begin in September. Historical data shows that liquidity easing during rate cut cycles will drive up valuations of risk assets (including cryptocurrencies).

Institutional funds continue to flow in: BlackRock, Fidelity, and other institutions have seen a net inflow into BTC spot ETFs for 18 consecutive weeks, with total holdings surpassing 500,000 BTC, accounting for 2.5% of the circulating supply, forming long-term buying support.

2: On-chain data verification

Long-term Bitcoin holders (LTH) lock-up: Glassnode data shows that addresses holding BTC for over a year account for 68%, reaching a historical high, indicating strong market reluctance to sell.

ETH staking volume hits a new high: Ethereum staking volume exceeds 40 million (accounting for 33% of total supply), with only 3% of the unstaked volume released after the Shanghai upgrade, validating long-term holding confidence.

Exchange balances decline: BTC exchange balance falls to 2.3 million (5-year low), ETH balance decreases to 14 million, with clear supply tightening signals.

3 : Market sentiment is heating up (in conjunction with news bombardment)

Institutional ultimate call: BlackRock's August report states: "BTC is the ultimate anti-inflation asset," target price raised to $300,000 (by the end of 2026).

JPMorgan confirms: has reserved $5 billion for market-making funds for ETH spot ETF, warming up before the launch in September.

Technical speculation:

Vitalik's latest AMA: "ETH 3.0 testnet throughput reaches 100,000 TPS," stimulating L2 tokens ($STRK, $METIS) to soar over 40% in a single day.

Bitcoin halving countdown: miner holdings reach a 6-year high, combined with the narrative of "supply tightening."

Summary: While the market is still amazed by Bitcoin's 124,000, the real hunters have already set their sights on the peak of 130,000; while the masses are debating whether Ethereum at 4700 has peaked, giant whale wallets are sweeping up at a rate of 300 BTC per second. This bull market, ignited by macro policies, institutional ammunition, and on-chain data, has not yet reached the moment of extinguishment—liquidity tsunami countdown under the Federal Reserve's rate cuts, liquidity crisis triggered by exchange balances, and the ETH 3.0 technology revolution personally endorsed by Vitalik are all telling the same truth: any pullback at this moment is the last boarding ticket for a historically significant opportunity.

BlackRock's $300,000 target price is not the endpoint, but the starting point of a new normal. Remember, in the cryptocurrency market, never fight against the institutions' K with retail panic. This bull market, validated by data, capital, and technology, will eventually leave all skeptics behind as it rushes towards the stars and the sea. (Follow Old Chen, next stop: financial freedom)#BTC再创新高