#BTCWhalesMoveToETH Price Predictions as of 8/25: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK

Bitcoin started the week with a massive sell-off reaching USD 110,530, but the charts for BTC and altcoins suggest a rapid recovery could occur to reach the trading range averages.

Price Predictions as of 8/25: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK

Price Analysis

Key Points:

The sell-off of bitcoins is mainly attributed to large sales made by whales, not a change in the BTC market structure.

Despite the strong market correction, Ether and BNB remain strong on the charts.

Bitcoin Bulls

BTC

€94,724

are defending the support at USD 110,530, but the bears are maintaining pressure. CoinShares reported net outflows of USD 1 billion from BTC exchange-traded products last week.

Investor interest seems to be shifting from BTC to Ether

ETH

€3,770

. So far this month, ETH ETPs have seen inflows worth USD 2.5 billion, while BTC has recorded outflows of USD 1 billion.

Data from the crypto intelligence firm Arkham, posted on X by the analysis account Lookonchain, showed that a whale entity deposited around 22,769 BTC (USD 2.59 billion) in Hyperliquid (HYPE) for sale and then purchased 472,920 $ETH (USD 2.22 billion) spot and opened a long position of 135,265 $ETH (USD 577 million).

Daily view of cryptocurrency market data. Source: Coin360

In contrast, Strategy, by Michael Saylor, the largest public holder of BTC in the world, purchased 3,081 BTC for USD 356.9 million, bringing the company's BTC holdings to 632,457 BTC, according to a document filed on Monday with the U.S. Securities and Exchange Commission.