Financial Research Society ~ August 30, 2025

1. A certain contract whale has shorted BTC for nearly 3 months, realizing a floating profit of $7.08 million and earning $5.02 million in funding fees, while at one point facing a floating loss of $12.81 million.

2. If there is a desire for substantial fluctuations in altcoins, it must rely on Bitcoin's (upward breakout) to drive the market; however, Bitcoin's performance has not met the expectations of bulls at this time.

3. The Crypto Fear and Greed Index has dropped to 39, and the market has quickly fallen into a state of 'fear'.

4. A certain whale address has withdrawn 7,260 ETH from OKX in the past 14 hours.

On the options expiration day, Bitcoin has driven the market down; currently, Bitcoin has fallen below the daily Bollinger middle band, while the weekly Bollinger middle band remains a key support. The daily line has once again retested the weekly Bollinger middle band support around 107,500, which will be accompanied by a small rebound; daily indicators still maintain a bullish trend.

Ethereum has retested the daily lifeline support around 4,258, with the weekly retesting the five-week moving average support. The four-hour downtrend continues to follow Bitcoin's decline.

Bitcoin's reference range for today:

Support levels: around 107,800, around 106,800, around 105,900

Resistance levels: around 109,000, around 110,000

Ethereum's reference range for today:

Support levels: around 4,300, around 4,260, around 4,180

Resistance levels: around 4,430, around 4,480 #加密市场回调 $BTC $ETH