Market Sentiment: Cautious Game Between Greed and Fear
Today's Fear and Greed Index recorded 48, remaining in the neutral zone, with market sentiment showing clear signs of divergence. On one hand, Ethereum is driven by continuous institutional accumulation, keeping market sentiment high; on the other hand, Bitcoin is caught in a consolidation near key resistance levels, compounded by macro-level uncertainties. Overall, the market lacks a clear direction, and most investors choose to wait and see, seeking short-term balance in the game between greed and fear.
Market Overview: Institutional Behavior Drives Price Divergence
As of now, BTC is priced at $113,002.25, with a daily increase of 1.24%, maintaining stable operation under overall optimistic market sentiment; ETH is priced at $4,534.00, with a daily decrease of 2.26%. Although large institutional purchases are building a 'price floor', the concentration of short-term profit-taking has triggered a pullback. The core of the price divergence between the two lies in the differences in institutional behavior—Treasury companies' ongoing positioning in ETH contrasts sharply with the market's wait-and-see attitude towards BTC.
On-chain Focus: Large Accumulation Confirms ETH Hoarding Trend
In the past 30 hours, on-chain data shows four new addresses suspected to be associated with Bitmine have received 78,891 ETH from the FalconX platform, with a total value of approximately $358 million based on current prices. This ongoing and large-scale on-chain accumulation is direct evidence of institutions accelerating their hoarding of Ethereum, significantly locking in market circulation and further reinforcing investors' long-term bullish expectations for ETH.
Institutional Trends: ETH ETF Becomes Main Force for Capital Inflows
Data from August 27 shows that U.S. spot Ethereum ETFs achieved a net inflow of $307 million in one day, while Bitcoin ETFs recorded only $81.4 million in net inflow. The inflow scale for Ethereum ETFs far exceeds that of Bitcoin, clearly reflecting the current preferences of institutional capital. The sustained capital injection provides strong buying support for ETH, becoming a core driver of its recent strong market performance.
Regulation and Macro: Policy Risks Intensify Market Uncertainty
Former U.S. Treasury Secretary Janet Yellen recently publicly criticized Trump's firing of Federal Reserve Board member Cook, calling it 'illegal and dangerous'. She believes this will directly impact the independence of the Federal Reserve and could even lead to a collapse in the credibility of U.S. monetary policy. This incident has heightened market concerns about the stability of the U.S. financial system, adding significant macro-level uncertainty to various risk assets, including the crypto market.
