In this rapidly changing crypto world, macro policies, whale movements, and project dynamics intertwine to form a grand spectacle.
The 'dovish' tone from the Fed is coming, and the market is gearing up for a new storm, from whale operations to ETH hitting an all-time high, each market fluctuation pulls the nerves of investors. Let's sort out the core dynamics in the crypto space recently and see which signals are worth paying attention to.
Macroeconomic environment: Expectations for interest rate cuts are warming up, and dollar pressure is emerging 💵
The Jackson Hole annual meeting has just concluded, and Fed Chairman Powell's speech instantly shifted market sentiment. According to the latest data:
The probability of a 25 basis point interest rate cut in September is as high as 87.2%;
The market generally expects that there may be consecutive interest rate cuts in September, October, and December.
The US dollar index plummeted, and global risk asset sentiment has noticeably warmed up. Analyst Art Hogan even bluntly stated: 'The driving force is no longer inflation, but rather a weakening labor market.' In simple terms, the Fed's actions could likely lead to a liquidity influx, and the crypto market will naturally react~ 💧
💰 Market overview: ETH hits new highs, BTC whales sell pressure
In terms of market trends, hot topics keep emerging:
ETH hits a new high: Early this morning, it surged to $4,956, breaking the historical record, and has since retraced to around $4,780, but the bullish sentiment remains.
BTC market capitalization share slightly declined to 58.01%, while the altcoin index reported 50, indicating that market risk appetite is warming up.
Stablecoin flow: In the past week, there was a net outflow of $78 million overall, with USDT alone inflowing nearly $500 million, but USDC saw a significant outflow of $669 million, indicating a preference for more liquid varieties.
The real highlight is the actions of the 'ancient giant whale':
This whale recently dumped 18,142 BTC (approximately $2.04 billion) and still has nearly 6,000 BTC for sale.
At the same time, he made significant purchases of 416,598 ETH and increased his position in contracts, with a total exposure of 550,000 ETH, worth about $2.62 billion, of which over 275,000 ETH has already been staked.
In other words: this whale is completing an epic switch from BTC to ETH. It has a bit of the flavor of an 'Ethereum believer'~ 🐋➡️⛓️
Other popular coins' performance in 24 hours is as follows:
1. Popular CEX coins
Top 10 CEX trading volumes and 24-hour price fluctuations:
BNB -0.51%
BTC -1.43%
ETH +0.42%
SOL +1.11%
ADA +0.09%
DOGE -1.36%
XRP -0.44%
PEPE -3.29%
LINK -1.52%
SUI -1.00%
24H price increase leaderboard (data source: OKX):
PSTAKE +11.15%
ONT +8.52%
GLMR +7.70%
POL +5.14%
MASK +4.82%
ORBS +3.82%
RPL +3.64%
AERGO +3.60%
ZBCN +3.47%
BAL +3.45%
2. Trending coins 🌟
BIO (Bio Protocol): A decentralized scientific governance token supporting BioDAOs to fund new drug development and research projects. The price has increased by about 3–4% in the past 24 hours, trading between $0.246 and $0.250, with active trading.
WLFI (World Liberty Financial): A DeFi project token related to the Trump family, used for ecological governance and incentives. It has low liquidity, high price volatility, and is easily influenced by single exchanges or institutional operations, posing high investment risks.
3. Market dynamics
Hot projects and institutional movements 🌐
Pudgy Penguins IPO: CEO Luca Netz stated that the company plans to complete its IPO before 2027, with expected revenue of $50 million this year. To attract retail and institutional investors, the company is considering a tokenized stock scheme to allow investors to participate in trading on-chain.
WLFI countdown: World Liberty Finance will launch on the Ethereum mainnet at 8 PM on September 1, with early supporters able to claim 20% of the tokens. Although WLFI has low liquidity, it attracts high attention, so investments should be made with caution.
LayerZero acquires Stargate: After the vote is passed, STG tokens can be converted to ZRO, and the acquisition will accelerate the layout of cross-chain financial infrastructure.
Ondo Finance launches tokenized stocks: Scheduled to launch on September 3, with the first batch of over 100 US stocks on-chain, expanding to thousands by the end of the year, providing new off-chain asset options for DeFi investors.
ETHZilla stock expansion: Nasdaq-listed company ETHZilla plans to raise $10 billion through stock issuance to continue large purchases of ETH, showing institutional optimism for Ethereum's long-term prospects.
MicroStrategy model: Chinese institutions are starting to follow the MicroStrategy model. Du Jun stated that he has received multiple invitations from ETH and SOL treasury entities, one of which has an initial scale of 300,000 ETH.
Policies and industry dynamics 🏛️
The Hong Kong Monetary Authority will implement new Basel capital requirements for crypto assets on January 1, 2026, covering Bitcoin, Ethereum, stablecoins, and RWA assets, which may affect banks' willingness to hold crypto assets.
The Philippine House of Representatives has proposed a bill to establish a Bitcoin strategic reserve, providing a model for national-level crypto deployment.
Expert opinions also provide insights for the market:
Arthur Hayes: Bitcoin is expected to challenge $250,000 by the end of the year, with interest rate cuts and dollar easing being the main driving forces.
Yi Lihua: ETH outperforms BTC during the interest rate cut cycle, with a target price above $10,000.
Tom Lee: The market capitalization of Ethereum could surpass that of Bitcoin, comparable to the historic transformation of the dollar decoupling from the gold standard.
Token unlocks and risk warnings ⚠️
This week, multiple tokens have large unlocks, such as HUMA, Sahara, JUP, Sui, etc., with a total value exceeding hundreds of millions of dollars. Investors should be aware of the short-term selling pressure caused by the unlocks, and plan their positions wisely to avoid high-leverage operations.
Summary: Bull market signals are evident, but volatility cannot be ignored 🐂🐻
From the Fed's policy easing to BTC whale operations, and then to ETH hitting new highs, institutional expansion, and token unlocks, the market is showing typical signs of a bull market. However, volatility still exists, and stablecoin flows, policy implementations, and token unlocks may lead to short-term fluctuations.
In this fast-paced market, paying attention to macro policies, institutional movements, and hot projects will help seize opportunities while controlling risks. Whether it's BTC, ETH, or emerging tokens, opportunities and challenges coexist, and investors need to remain alert but passionate 💪✨
✍️ Remember to DYOR, manage your risks well, and wish everyone smooth sailing in the crypto space! 🌊
Many understand the trend, but few follow the right rhythm.
Like and share, follow me, and I'll help you catch more market opportunities, accompanying you to laugh at the ups and downs of the bull and bear! Let's keep it up together!
In the current market environment, short-term operations are indeed very necessary. If one continues to wait for spot recovery, it may feel like a test of time. I've also been fully engaged in secondary short-term and primary dog coin operations recently, with good returns. Those who want to follow can privately message me!