Financial Research Society – August 23, 2025

1. Approximately 10 hours ago, Grayscale increased its holdings by a total of 2,909 ETH through its Ethereum ETF and mini trust fund, valued at about $14.05 million; additionally, Grayscale's Chainlink Trust increased its holdings by 5,542 LINK, while the Bitcoin mini trust fund increased its holdings by 44.277 BTC, valued at $5.17 million.

2. Since July 18, this whale has accumulated 1,841.2 BTC (approximately $216 million) from FalconX, with an average price of $117,310.

3. Over $538 million worth of ETH has exited staking and been deposited into CEX.

4. Shengcheng Group will establish a cryptocurrency strategic reserve, prioritizing BTC, ETH, and USDT.

Bitcoin and Ethereum surged rapidly last night under the influence of favorable news regarding interest rate cuts. Ethereum once again approached the previous high of 4,800, while Bitcoin rebounded but did not break through the high point, with altcoins following suit.

Bitcoin has reclaimed support at the lifeline, currently constrained by the daily bull-bear dividing line, while it stands above the lifeline on the four-hour chart.

Ethereum remains strong, testing the support around 4,100 that we mentioned, which is also the five-week moving average on the weekly chart, recovering from the decline and approaching the previous high.

Bitcoin's reference range for today:

Support levels: around 114,900, around 114,000, around 113,400

Resistance levels: around 116,500, around 117,200

Ethereum's reference range for today:

Support levels: around 4,568, around 4,445, around 4,335

Resistance levels: around 4,780, around 4,880

Ino recommends short-term positions to reduce holdings in batches at high points, and to be bold in buying the dips; the market still maintains a bullish trend, but after a sharp rise, there will always be a pullback, so be prepared for high selling and low buying! #ETH创历史新高 #以太坊生态山寨币普涨