$BTC You have billions in fresh capital coming in the third and fourth quarters, all trying to buy Bitcoin."* Jeff Walton predicts explosive volatility in the next six months. 👀🚀
#CryptoMarket4T 🔥 LAST HOUR: Mentions of 'altseason' may signal potential volatility, as historically, cryptocurrencies experience more pronounced movements during periods of general skepticism.
After a recent peak at $119,000, Bitcoin is taking a pause this week. This breather is normal after the recent strong rise, largely fueled by the arrival of crypto ETFs.
📊 Since Bitcoin surpassed its previous highs, ETFs continue to record massive purchases (strong inflows) every day. This is a clear sign that large investors maintain a strong appetite for Bitcoin.
Looking solely at the ETF buying flows, Bitcoin's "equilibrium" value would be around $128,000.
👉 This means that the current price does not yet incorporate all this institutional demand, leaving still potential for an increase.
#ETHBreaks3700 📈 The *open interest (OI)* of #ETH reaches a new *all-time high* (ATH)
Over the past month, the OI of ETH has increased from *16 billion dollars* to *28 billion*, representing a *75% increase*. This is one of the main drivers behind the recent rise in the price of Ethereum.
$ETH 🕵️♂️ World Liberty Finance a acheté 560,71 #ETH pour 2 millions de #USDC au prix de 3 567 $. Adresse : 0xee7f7f53f0d0c8c56a38e97c5a58e4d321a174dc
#BTCvsETH 📊👀 The #ETH/#BTC ratio has increased by over 40% in the last month, rising to ~0.031 from a low of ~0.022 on June 23.
This increase corresponds roughly to the over 60% rise in the price of Ethereum over the last 30 days, fueled by growing institutional interest and significant inflows into Ethereum #ETFs in July.
#CryptoMarket4T $ETH 📊 Last week, the spot trading volume of #ETH reached 25.7 billion dollars, compared to 24.4 billion for BTC, pushing the ETH/BTC spot volume ratio above 1 for the first time since June 2024. Investors are turning to ETH and altcoins.
#CryptoMarket4T 🌱 Nature’s Miracle launches a cash program in XRP of 20 million dollars, thus becoming one of the first publicly traded companies to adopt XRP as a primary reserve strategy.