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BTC briefly dropped below $114,000! A $760 million liquidation wave is coming, are altcoins entering a crossroads?
Earlier today, Bitcoin (BTC) experienced another sharp fluctuation, briefly dropping to $114,116, which instantly triggered panic selling in multiple exchanges, including Binance. From various on-chain and exchange indicators, this round of decline contains intense capital squeeze and emotional release.
Liquidation wave sweeping! $760 million evaporated
According to a Quicktake analysis article published by CryptoQuant author Amr Taha:
After BTC broke through the key support level of $115,000, Binance's open interest dropped sharply from $14 billion to below $13.5 billion, with a daily decline of nearly 4%, typically related to concentrated liquidation.
Liquidation wave sweeping! $760 million evaporated
According to a Quicktake analysis article published by CryptoQuant author Amr Taha:
After BTC broke through the key support level of $115,000, Binance's open interest dropped sharply from $14 billion to below $13.5 billion, with a daily decline of nearly 4%, typically related to concentrated liquidation.
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The non-farm employment report for July shows that
employment increased by only 73,000 jobs, far below the expected 147,000. However, more concerning is that employment figures were revised downward by 258,000 compared to the data from May and June.
Non-farm data, economic recession, pushing Powell to cut interest rates.
Even if it causes a significant drop in U.S. stocks, it is a price worth paying.
Otherwise, U.S. Treasury bonds won't hold, and the Trump administration won't hold either.
The expectation for an interest rate cut in September has greatly increased.
If you missed the chance to buy in, will you wait for a surge after the rate cut to jump in?
#币圈
employment increased by only 73,000 jobs, far below the expected 147,000. However, more concerning is that employment figures were revised downward by 258,000 compared to the data from May and June.
Non-farm data, economic recession, pushing Powell to cut interest rates.
Even if it causes a significant drop in U.S. stocks, it is a price worth paying.
Otherwise, U.S. Treasury bonds won't hold, and the Trump administration won't hold either.
The expectation for an interest rate cut in September has greatly increased.
If you missed the chance to buy in, will you wait for a surge after the rate cut to jump in?
#币圈
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Is it a crash or a washout? Don't let panic push you off the bus. The main upward wave window has opened in August; the spikes behind are the last chance for accumulation.
Last night's 'spike drama' did not disappoint — BTC once fell below 114300 USD, and ETH briefly fell below 3600, many people were swept out again, and those who were heartbroken and liquidated should be many.
However, structurally, this is still the oscillating range script that we have repeatedly emphasized:
Bitcoin quickly rebounded after breaking key support, accurately hitting the spike position in the short term;
ETH has stubbornly held 3600 and has regained 3700, performing even stronger.
The current trend is clearly a range market of **'pressure falling back, support rebounding', with no obvious trend breakthrough. There may be a small rebound in the short term, but if BTC falls below 114000** and ETH breaks below 3500, it will mean structural damage, and a deeper adjustment will officially begin.
However, structurally, this is still the oscillating range script that we have repeatedly emphasized:
Bitcoin quickly rebounded after breaking key support, accurately hitting the spike position in the short term;
ETH has stubbornly held 3600 and has regained 3700, performing even stronger.
The current trend is clearly a range market of **'pressure falling back, support rebounding', with no obvious trend breakthrough. There may be a small rebound in the short term, but if BTC falls below 114000** and ETH breaks below 3500, it will mean structural damage, and a deeper adjustment will officially begin.
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Why does the "Federal Reserve not lowering interest rates" actually benefit the US stock and crypto markets in the long run?
High interest rates ≠ bear market
History shows that as long as the economy does not hard land, bull markets can continue in a high interest rate environment.
Not lowering interest rates = confidence in the economy
With inflation falling and employment stable, the Federal Reserve does not need to lower interest rates to "rescue the market," reflecting that a soft landing is indeed materializing.
Implicit easing comes from fiscal policy
High deficits + massive issuance of US debt = long-term liquidity injection, and even a stagnant monetary policy is still "injecting water."
The strong continue to be strong
Cash giants reap high interest and continue to buy back shares, while small and medium enterprises are squeezed by financing costs, with indices pushed higher by leading companies.
Crypto moves towards cash flow logic
ETH staking yields, stablecoin interest rate spreads, and DeFi projects with real income replace pure speculation from the zero interest rate era.
#币圈
High interest rates ≠ bear market
History shows that as long as the economy does not hard land, bull markets can continue in a high interest rate environment.
Not lowering interest rates = confidence in the economy
With inflation falling and employment stable, the Federal Reserve does not need to lower interest rates to "rescue the market," reflecting that a soft landing is indeed materializing.
Implicit easing comes from fiscal policy
High deficits + massive issuance of US debt = long-term liquidity injection, and even a stagnant monetary policy is still "injecting water."
The strong continue to be strong
Cash giants reap high interest and continue to buy back shares, while small and medium enterprises are squeezed by financing costs, with indices pushed higher by leading companies.
Crypto moves towards cash flow logic
ETH staking yields, stablecoin interest rate spreads, and DeFi projects with real income replace pure speculation from the zero interest rate era.
#币圈
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BlockBeats News, August 1, the U.S. June Core PCE year-on-year recorded 2.8%, higher than expected and the previous value revision, marking the fastest inflation growth since February. At the same time, the overall PCE and consumption expenditure rose together, highlighting the re-emergence of inflationary pressures, while a weak labor market and stagnant real income reinforce the risks of economic slowdown. The market expects that this Friday's employment report will further confirm the decline in hiring momentum, adding uncertainty to the policy path.
In terms of BTC, the daily chart shows that the price is gradually converging after consolidating at a high level, currently testing the end of a descending trend line and horizontal support triangle, with the 118,500–118,800 area as short-term resistance, while 116,300 serves as strong support. The liquidation heatmap simultaneously shows a large amount of liquidation buying pressure gathered below 117,000, and the support structure remains stable, but selling pressure above 120,000 has not weakened.
Bitunix analysts suggest:
The June PCE rebound adds inflation uncertainty, combined with the market waiting for Trump's new tariff policy, overall risk is tilted bearish. The BTC chart is at the end of a converging triangle, and it may face a directional choice in the short term. It is advised not to chase prices for now and to observe whether it effectively breaks above 118,800 or drops below 116,300 before making further arrangements.
#币圈
In terms of BTC, the daily chart shows that the price is gradually converging after consolidating at a high level, currently testing the end of a descending trend line and horizontal support triangle, with the 118,500–118,800 area as short-term resistance, while 116,300 serves as strong support. The liquidation heatmap simultaneously shows a large amount of liquidation buying pressure gathered below 117,000, and the support structure remains stable, but selling pressure above 120,000 has not weakened.
Bitunix analysts suggest:
The June PCE rebound adds inflation uncertainty, combined with the market waiting for Trump's new tariff policy, overall risk is tilted bearish. The BTC chart is at the end of a converging triangle, and it may face a directional choice in the short term. It is advised not to chase prices for now and to observe whether it effectively breaks above 118,800 or drops below 116,300 before making further arrangements.
#币圈
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What is behind these transfers of the Ethereum Foundation?
The recent internal transfers of the Ethereum Foundation are not an isolated event but part of a standard pattern that has continued for several days. This address currently holds up to 199,195 ETH, valued at approximately $735 million. Such a large reserve, combined with ongoing internal transfers, naturally attracts the attention of investors, developers, and blockchain enthusiasts.
Although the Ethereum Foundation has not publicly disclosed the specific reasons for these particular internal transfers, several reasonable explanations align with its established operational procedures and mission:
Fund Management: Like any large organization, the Ethereum Foundation manages a substantial amount of funds. Internal transfers are often a standard component of complex fund management, including fund rebalancing, allocating assets to different internal wallets for specific purposes (such as operational expenses, grant projects, development plans), or preparing for upcoming expenditures.
Security Enhancement: Transferring funds between internal addresses is also a security measure. Distributing assets across multiple cold wallets or hot wallets, or transferring them to new addresses, can enhance security protocols, reduce single points of failure, and mitigate potential threats.
Strategic Allocation: The Ethereum Foundation is a nonprofit organization dedicated to supporting the Ethereum ecosystem. Its funds are typically used for various projects, including research and development, funding promising projects, educational initiatives, and core protocol upgrades. These internal fund transfers may precede external fund allocations or be part of a larger plan to fund specific strategic projects.
Compliance and Regulatory Preparedness: In a constantly evolving regulatory environment, entities often adjust their internal financial structures to ensure compliance. While the likelihood of internal changes is minimal, it is a factor that any large cryptocurrency holder needs to consider.
It is essential to remember that internal transfers do not represent the sale or liquidation of assets on the open market. They are movements within addresses controlled by the foundation itself, meaning they do not directly impact market supply or prices like exchange deposits.
#币圈
The recent internal transfers of the Ethereum Foundation are not an isolated event but part of a standard pattern that has continued for several days. This address currently holds up to 199,195 ETH, valued at approximately $735 million. Such a large reserve, combined with ongoing internal transfers, naturally attracts the attention of investors, developers, and blockchain enthusiasts.
Although the Ethereum Foundation has not publicly disclosed the specific reasons for these particular internal transfers, several reasonable explanations align with its established operational procedures and mission:
Fund Management: Like any large organization, the Ethereum Foundation manages a substantial amount of funds. Internal transfers are often a standard component of complex fund management, including fund rebalancing, allocating assets to different internal wallets for specific purposes (such as operational expenses, grant projects, development plans), or preparing for upcoming expenditures.
Security Enhancement: Transferring funds between internal addresses is also a security measure. Distributing assets across multiple cold wallets or hot wallets, or transferring them to new addresses, can enhance security protocols, reduce single points of failure, and mitigate potential threats.
Strategic Allocation: The Ethereum Foundation is a nonprofit organization dedicated to supporting the Ethereum ecosystem. Its funds are typically used for various projects, including research and development, funding promising projects, educational initiatives, and core protocol upgrades. These internal fund transfers may precede external fund allocations or be part of a larger plan to fund specific strategic projects.
Compliance and Regulatory Preparedness: In a constantly evolving regulatory environment, entities often adjust their internal financial structures to ensure compliance. While the likelihood of internal changes is minimal, it is a factor that any large cryptocurrency holder needs to consider.
It is essential to remember that internal transfers do not represent the sale or liquidation of assets on the open market. They are movements within addresses controlled by the foundation itself, meaning they do not directly impact market supply or prices like exchange deposits.
#币圈
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Just as the market eagerly awaits the September meeting, although the possibility of interest rate cuts has diminished, the personal consumption expenditures (PCE) data, closely monitored by the Federal Reserve and regarded as a leading indicator of inflation, has been released.
Accordingly, the personal consumption expenditures data for June is as follows:
Core personal consumption expenditures price index (year-on-year) reported at 2.8% - expected 2.7% - previous value 2.7%
Core personal consumption expenditures price index (month-on-month) reported at 0.3% - expected 0.3% - previous value 0.2%
Personal consumption expenditures price index (year-on-year) reported at 2.6% - expected 2.5% - previous value 2.3%
#币圈
Accordingly, the personal consumption expenditures data for June is as follows:
Core personal consumption expenditures price index (year-on-year) reported at 2.8% - expected 2.7% - previous value 2.7%
Core personal consumption expenditures price index (month-on-month) reported at 0.3% - expected 0.3% - previous value 0.2%
Personal consumption expenditures price index (year-on-year) reported at 2.6% - expected 2.5% - previous value 2.3%
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What will the trend be after Ethereum's price breaks through $4,000?
The $4,000 price point is an important resistance level for Ethereum, having limited price increases multiple times since 2021. Breaking through and maintaining this level is crucial for confirming the continuation of a bullish trend and opening up higher price targets.
Market analysts emphasize that $4,000 has served as an upper limit for prices seven times, making it a key psychological and technical resistance level.
Once Ethereum breaks through $4,000 and confirms it as a support level, analysts predict its short-term target prices will be $4,800 and $5,400. Experts' long-term forecasts indicate that during this market cycle, Ethereum could rise to $8,000 or even $9,000.
Strong trading volume and interest from institutional investors support this expectation, indicating robust market demand.
#币圈
The $4,000 price point is an important resistance level for Ethereum, having limited price increases multiple times since 2021. Breaking through and maintaining this level is crucial for confirming the continuation of a bullish trend and opening up higher price targets.
Market analysts emphasize that $4,000 has served as an upper limit for prices seven times, making it a key psychological and technical resistance level.
Once Ethereum breaks through $4,000 and confirms it as a support level, analysts predict its short-term target prices will be $4,800 and $5,400. Experts' long-term forecasts indicate that during this market cycle, Ethereum could rise to $8,000 or even $9,000.
Strong trading volume and interest from institutional investors support this expectation, indicating robust market demand.
#币圈
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Heaven and Earth Needle Harvest! Over 140,000 people liquidated, U.S. stocks, crypto, and gold all spike—where is the next opportunity for altcoins?
Last night, the market once again staged the 'Heaven and Earth Needle' drama—there were no surprises in the Federal Reserve's interest rate decision, but the main players took the opportunity to harvest. U.S. stocks, cryptocurrencies, and gold all experienced severe fluctuations, and although prices eventually leveled out, countless people were left with empty positions.
According to data statistics, a total of 144,050 people were liquidated globally in the past 24 hours, with a total liquidation amount reaching $434 million, indicating the brutal nature of the market.
$BTC: The market logic hasn't changed, holding the support, waiting for new highs
Bitcoin's overall trend maintains the previous judgment, still revolving around a few key points:
According to data statistics, a total of 144,050 people were liquidated globally in the past 24 hours, with a total liquidation amount reaching $434 million, indicating the brutal nature of the market.
$BTC: The market logic hasn't changed, holding the support, waiting for new highs
Bitcoin's overall trend maintains the previous judgment, still revolving around a few key points:
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XRP has experienced significant explosive growth over the past month, with a price increase of 42.52%, reflecting strong buying pressure. In the past week, XRP's short-term decline was 11.49%, indicating some quick pullbacks during the surge. Over the past six months, XRP's price has remained relatively stable, changing only by 0.483%. This suggests that the recent rise is merely a short-term phenomenon rather than a sustained trend. XRP's trend highlights the market's volatility between sudden increases and slight pullbacks, indicating growing interest in the asset while also solidifying its long-term trajectory.
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The polarities of market sentiment test the trader's composure! After a decline in the early morning, the price of the coin has welcomed a wave of increase, having just risen to the high point of 118542 and 3850 line,
From the perspective of the Bitcoin 4-hour chart, this wave of rise is within expectations. The decline last night was just to leave enough upward space above, facilitating the coin price to climb steadily. After the K-line formed a long lower shadow, the current coin price has also reached near the middle band of the Bollinger Bands. From a technical perspective, the MACD indicator shows a golden cross turning signal, and the RSI and KDJ also appear simultaneously. This wave of market trend is climbing steadily, and a technical correction is certainly expected later; we maintain a bullish outlook.
#币圈
From the perspective of the Bitcoin 4-hour chart, this wave of rise is within expectations. The decline last night was just to leave enough upward space above, facilitating the coin price to climb steadily. After the K-line formed a long lower shadow, the current coin price has also reached near the middle band of the Bollinger Bands. From a technical perspective, the MACD indicator shows a golden cross turning signal, and the RSI and KDJ also appear simultaneously. This wave of market trend is climbing steadily, and a technical correction is certainly expected later; we maintain a bullish outlook.
#币圈
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Is the bull market an illusion? Altcoins are crashing, BTC and ETH are holding the line; this resembles a 'high-level meat grinder'.
In this market wave, if we only look at the price curve, it indeed resembles a 'bull market', but the actual participation feels like being repeatedly harvested. Major coins take turns performing volatile maneuvers, while most people have no chance to get on board, and very few can hold steady. Especially in the altcoin sector, it has become a 'funding hell'.
Main coins: superficially strong, but actually experiencing intense turnover.
Bitcoin (BTC):
Last night, BTC briefly tested $119,300, but failed to maintain that level, quickly being suppressed by bears to around $117,200 support, before barely stabilizing. The closing daily shape shows a small negative pin bar, which is a typical 'pre-pressure at a key point' trend - the structure hasn't broken, but the bulls' confidence has been shaken.
Main coins: superficially strong, but actually experiencing intense turnover.
Bitcoin (BTC):
Last night, BTC briefly tested $119,300, but failed to maintain that level, quickly being suppressed by bears to around $117,200 support, before barely stabilizing. The closing daily shape shows a small negative pin bar, which is a typical 'pre-pressure at a key point' trend - the structure hasn't broken, but the bulls' confidence has been shaken.
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Bitcoin, in recent days, has been fluctuating with the bulls repeatedly testing the upper resistance at the 120,000 high, which has been suppressed and retreated. Currently, the price is running near 117,500, and the market has once again fallen into a period of consolidation. During this time, there have been many reversals. When monitoring the market, it seems that the momentum is about to rise or break through the range, but when you chase in, it’s either a ceiling or a floor. I believe many have suffered losses during this turning point these past few days. Now, returning to the overall situation, a calm judgment shows that the momentum is neither extremely strong nor extremely weak; it is still in consolidation. For those looking to break even, it is advisable to wait a bit longer and be patient; a solution is not far away.
Regarding today’s market rhythm, the current migrated pattern has not ended. Although there was a rebound yesterday, it was not a very strong rhythm. The pressure at 120,000 remains strong. With significant resistance, one must test step by step. The current stage is in an adjustment phase, and the rhythm displayed is still that of the migrated pattern. In the early session, the market slowly rose, and the afternoon's momentum will be our focus extending into the evening. The upper resistance is concentrated at 120,000, with support at the lower Bollinger Band at 117,000. In the short term, the signals on the 4-hour level are leaning towards bullish, so in terms of operations, we can go long first. If the upper resistance is not broken, then consider going short!
#币圈
Regarding today’s market rhythm, the current migrated pattern has not ended. Although there was a rebound yesterday, it was not a very strong rhythm. The pressure at 120,000 remains strong. With significant resistance, one must test step by step. The current stage is in an adjustment phase, and the rhythm displayed is still that of the migrated pattern. In the early session, the market slowly rose, and the afternoon's momentum will be our focus extending into the evening. The upper resistance is concentrated at 120,000, with support at the lower Bollinger Band at 117,000. In the short term, the signals on the 4-hour level are leaning towards bullish, so in terms of operations, we can go long first. If the upper resistance is not broken, then consider going short!
#币圈
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BlockBeats News, on July 30th, Ethereum celebrates its 10th anniversary today. Over the past ten years, ETH has risen from $0.3 to over $4000, becoming the 28th largest asset globally and growing to become the second largest cryptocurrency by market capitalization, just behind Bitcoin. Ethereum is widely used in areas such as DeFi and NFTs, and is hailed as the 'World Computer', having unknowingly reshaped our world.
In 2014, Ethereum raised approximately 31,000 bitcoins through an ICO (Initial Coin Offering), which was worth about $18 million at the time. The price of Bitcoin during the ICO was around $600, and by 2025, the price of Bitcoin is expected to exceed $120,000, an increase of about 200 times. The current price of Ethereum is $3774, with an increase of about 12,580 times during the same period.
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In 2014, Ethereum raised approximately 31,000 bitcoins through an ICO (Initial Coin Offering), which was worth about $18 million at the time. The price of Bitcoin during the ICO was around $600, and by 2025, the price of Bitcoin is expected to exceed $120,000, an increase of about 200 times. The current price of Ethereum is $3774, with an increase of about 12,580 times during the same period.
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The market is like a roller coaster: BTC oscillates, ETH retraces, altcoins decline together; how to layout in August?
The market in the past two days has been like a roller coaster: Bitcoin has been oscillating at high levels, Ethereum faced pressure after a surge, and altcoins have seen a wave of corrective declines. Today, let's sort out the market rhythm, mainstream coin strategies, and potential trading opportunities on-chain and CEX recently. The conservative can draw lines and wait for structural confirmation, while the aggressive might start considering pre-positioning.
Market rhythm overview.
▪ Bitcoin (BTC)
BTC is currently still in a 4-hour oscillation range, with slightly fluctuating short-term trends. The daily structure has not yet been lost, so there is still a chance for a rebound.
Market rhythm overview.
▪ Bitcoin (BTC)
BTC is currently still in a 4-hour oscillation range, with slightly fluctuating short-term trends. The daily structure has not yet been lost, so there is still a chance for a rebound.
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BTC#The current distribution of liquidity in the futures market appears to be relatively favorable for the bulls. As the spot premium declines, it indicates that the dominant price in the coming week is likely to be influenced by local fluctuations in the futures market.
Therefore, in the short term, there is still hope for the price this week to clear the high short liquidity against the negative spot premium, with the first target at 122.2k and the second target around 126k;
Due to the liquidity gap between the two clearing zones above, it is still challenging to complete all clearances at once...
Only with the price rising, and the shorts willing to short at the top, while the spot premium begins to recover, is it possible to reach 126k in one go;
On the other hand, regarding bullish liquidity, although the current weight has slightly decreased with last week's correction, a coherent and dense bullish liquidity has already begun to accumulate at positions that are relatively far from the price...
This indicates that in the next two months, if there is a price breakout correction, there is a higher probability that the correction will evolve into a deeper pullback, with targets at 103k~105k. In other words, within the current range, either continue to push up, distancing from the bullish clearing zone, or maintain oscillation, and then be buried by a wave of pullback bringing a weekly closing door...
So for BTC, I only hope it can maintain high-level oscillation for as long as possible, the longer the better, at least giving altcoins a chance over the next 2 months...
Therefore, in the short term, there is still hope for the price this week to clear the high short liquidity against the negative spot premium, with the first target at 122.2k and the second target around 126k;
Due to the liquidity gap between the two clearing zones above, it is still challenging to complete all clearances at once...
Only with the price rising, and the shorts willing to short at the top, while the spot premium begins to recover, is it possible to reach 126k in one go;
On the other hand, regarding bullish liquidity, although the current weight has slightly decreased with last week's correction, a coherent and dense bullish liquidity has already begun to accumulate at positions that are relatively far from the price...
This indicates that in the next two months, if there is a price breakout correction, there is a higher probability that the correction will evolve into a deeper pullback, with targets at 103k~105k. In other words, within the current range, either continue to push up, distancing from the bullish clearing zone, or maintain oscillation, and then be buried by a wave of pullback bringing a weekly closing door...
So for BTC, I only hope it can maintain high-level oscillation for as long as possible, the longer the better, at least giving altcoins a chance over the next 2 months...
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What is the market focused on on July 30? Key news conference by Powell
As divisions within the Federal Reserve become exposed, all eyes will turn to the news conference scheduled after the Federal Open Market Committee (FOMC) meeting on July 30. At that time, Chairman Jerome Powell will take center stage, responsible for conveying the Federal Reserve's collective decision and providing forward guidance. Market participants will carefully analyze every word, tone, and nuance in his statements and Q&A, with particular attention to the following aspects:
Signals for September: The main focus is whether Powell will hint at a potential rate cut by the Federal Reserve in September. Even a subtle acknowledgment of improving inflation prospects or concerns about economic growth could be interpreted as a green light for future easing policies.
Assessment of economic data: How Powell describes the current state of inflation and the labor market is crucial. Is he inclined to be optimistic, suggesting that the conditions for a rate cut are maturing, or does he maintain a cautious stance, emphasizing the need to remain vigilant?
Addressing internal divisions: While Powell will not explicitly detail the three camps, his remarks may attempt to unify the message or subtly acknowledge differing viewpoints without undermining the credibility of the Federal Reserve.
The outcome of this news conference could significantly impact market sentiment, affecting everything from stock prices, bond yields to the volatile cryptocurrency market. Any strong signal from the Federal Reserve regarding a recent rate cut or the lack thereof will be a major driving force for the market.
#币圈
As divisions within the Federal Reserve become exposed, all eyes will turn to the news conference scheduled after the Federal Open Market Committee (FOMC) meeting on July 30. At that time, Chairman Jerome Powell will take center stage, responsible for conveying the Federal Reserve's collective decision and providing forward guidance. Market participants will carefully analyze every word, tone, and nuance in his statements and Q&A, with particular attention to the following aspects:
Signals for September: The main focus is whether Powell will hint at a potential rate cut by the Federal Reserve in September. Even a subtle acknowledgment of improving inflation prospects or concerns about economic growth could be interpreted as a green light for future easing policies.
Assessment of economic data: How Powell describes the current state of inflation and the labor market is crucial. Is he inclined to be optimistic, suggesting that the conditions for a rate cut are maturing, or does he maintain a cautious stance, emphasizing the need to remain vigilant?
Addressing internal divisions: While Powell will not explicitly detail the three camps, his remarks may attempt to unify the message or subtly acknowledge differing viewpoints without undermining the credibility of the Federal Reserve.
The outcome of this news conference could significantly impact market sentiment, affecting everything from stock prices, bond yields to the volatile cryptocurrency market. Any strong signal from the Federal Reserve regarding a recent rate cut or the lack thereof will be a major driving force for the market.
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If you want to make money in the secondary market, you first need to understand the underlying logic of this cycle.
In this round of market, the rise of the main index is mainly driven by ETFs, and it may only be ETFs that are driving it.
The funds behind ETFs are essentially the 'lazy money' from traditional finance – they currently only want to buy Bitcoin, and at most, they might dabble in Ethereum ETFs next.
These funds have no interest at all in any L1/L2, AI, DePIN, or GameFi projects you hold, and they do not understand them at all.
This massive amount of capital is now concentrated only in top assets, becoming a super large reservoir, but it will not spill over into all altcoins like before.
Moreover, within the crypto circle, various L2s, high-performance L1s, and modular systems have created a bunch of independent ecosystems and liquidity pools. Now, almost every chain relies on MEME to attract users.
Stop dreaming about the old logic of just holding and waiting for altcoin seasons to surge. The future of altcoin markets will only be short-lived, violent, and narrative-driven 'ecological markets.' When a certain narrative reaches its peak, one must decisively sell, even if it continues to rise afterwards.
Converting profits into stablecoins or $BTC, and then looking for the next battlefield that is just starting to heat up, is the right approach.
#币圈
In this round of market, the rise of the main index is mainly driven by ETFs, and it may only be ETFs that are driving it.
The funds behind ETFs are essentially the 'lazy money' from traditional finance – they currently only want to buy Bitcoin, and at most, they might dabble in Ethereum ETFs next.
These funds have no interest at all in any L1/L2, AI, DePIN, or GameFi projects you hold, and they do not understand them at all.
This massive amount of capital is now concentrated only in top assets, becoming a super large reservoir, but it will not spill over into all altcoins like before.
Moreover, within the crypto circle, various L2s, high-performance L1s, and modular systems have created a bunch of independent ecosystems and liquidity pools. Now, almost every chain relies on MEME to attract users.
Stop dreaming about the old logic of just holding and waiting for altcoin seasons to surge. The future of altcoin markets will only be short-lived, violent, and narrative-driven 'ecological markets.' When a certain narrative reaches its peak, one must decisively sell, even if it continues to rise afterwards.
Converting profits into stablecoins or $BTC, and then looking for the next battlefield that is just starting to heat up, is the right approach.
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Recently, the cryptocurrency community has been abuzz due to news of the institutional trading platform FalconX withdrawing a large amount of Ethereum (ETH). According to data from the on-chain analysis platform Onchain Lens, a newly created wallet received an astonishing 12,749 ETH, worth approximately 49.25 million dollars at the time of the transaction. This massive transfer occurred after the wallet had been unused for three days, indicating that the Ethereum whale behind it was well-considered.
With this influx of funds, the total holdings of this wallet soared to 80,174 ETH, currently valued at up to 302.72 million dollars. Such large-scale fund movements from exchanges are typically interpreted as a strong indication of intent to hold assets long-term rather than immediate sell-off. This behavior from Ethereum giants can often serve as a barometer for market sentiment.
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With this influx of funds, the total holdings of this wallet soared to 80,174 ETH, currently valued at up to 302.72 million dollars. Such large-scale fund movements from exchanges are typically interpreted as a strong indication of intent to hold assets long-term rather than immediate sell-off. This behavior from Ethereum giants can often serve as a barometer for market sentiment.
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Interest Rate Meeting Breakthrough: BTC Gathers Strength, ETH Dominates the Rhythm, Altcoins Begin to Rotate!
The new week has just begun, and the market's volatility has significantly increased. In the face of this 'volatile start', I am actually calmer than before.
It is important to clarify at this juncture: This week is not only the end of the month but also the Federal Reserve's interest rate meeting week, destined to be a critical window for rhythm shifts in the wave market.
Bitcoin is still in a range of fluctuations; the real direction needs to wait for the interest rate meeting to conclude.
Regarding Bitcoin (#BTC), I previously mentioned that the market throughout August remains relatively safe, and even if adjustments occur, they mostly oscillate around the daily MA5.
Over the weekend, although Bitcoin gradually rose, trading volume remained inactive, and it is expected that there may be a pullback today, with the $117,000 area being a key support level.
It is important to clarify at this juncture: This week is not only the end of the month but also the Federal Reserve's interest rate meeting week, destined to be a critical window for rhythm shifts in the wave market.
Bitcoin is still in a range of fluctuations; the real direction needs to wait for the interest rate meeting to conclude.
Regarding Bitcoin (#BTC), I previously mentioned that the market throughout August remains relatively safe, and even if adjustments occur, they mostly oscillate around the daily MA5.
Over the weekend, although Bitcoin gradually rose, trading volume remained inactive, and it is expected that there may be a pullback today, with the $117,000 area being a key support level.
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