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Ether Likely to Top $5K, BTC Eyes Record High as Powell Sparks Rally; Watch for DAT Deal Risks: Asset Managers

Cryptocurrencies surged late Friday after Federal Reserve President Jerome Powell struck a dovish tone at the Jackson Hole economic symposium, defying market expectations for a more hawkish stance. That has prompted asset managers to call for new all-time highs for bitcoin (BTC), ether (ETH) and select altcoins.

What Powell said?

In one of his most important speeches, Powell suggested that the labor market could benefit from lower borrowing costs, having held the benchmark interest rate steady at 4.25% for eight months.

“Downside risks to employment are rising,” Powell said in prepared remarks for his keynote speech at the Jackson Hole Symposium, adding that the possibility of President Donald Trump’s tariffs having only a short-lived effect on inflation is “reasonable.”

“With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” he noted.

Cryptocurrencies and stocks soared, and the probability of the September Fed rate cut jumped to 90% following the speech. Most analysts expect the momentum to continue in the days ahead.

Analysts see new highs for BTC and ETH above $5K

Analysts at Monarq Asset Management anticipate that ether's price will rise above $5,000 in the coming days.

“We maintain our overall bullish stance. Market internals remain constructive, with few signs of overheating and, as you point out, a clear path to new all-time highs in both BTC and ETH,” Sam Gaer, chief investment officer of Monarq Asset Management's Directional Fund, told CoinDesk.

“Our house view is that Powell’s dovish pivot has cleared the way for $5,000+ in the near term (also not the hardest call to make). Demand from treasury vehicles should increase into the fall as many of the deals announced this summer close or de-SPAC, in addition to ongoing institutional and retail inflows,” Gaer added.

Ethereum's native token ether has already gained nearly 10% in 24 hours, hitting record highs above $4,800. As of writing, it changed hands at $4,700, according to CoinDesk data. Meanwhile, market leader bitcoin traded near $115,600, slightly down from the overnight high of $117,400.

Data from Deribit-listed options shows that ether's rally has sparked renewed demand for upside bets, or call options. At press time, risk reversals were positive across all tenors, implying relative richness of calls. The sentiment wasn't so bullish in BTC options.

Gaer stated that over-the-counter desks and market makers are experiencing stronger demand for ETH compared to BTC, suggesting that ether may outperform ahead.

That said, BTC looked strong on its own too. “The BTC pullback from ATH was ~9.6%—far less than earlier drawdowns this year—indicating strong demand, as evidenced by whale wallet accumulation around the $113k level,” Gaer said.

Spencer Yang, managing partner at BlockSpaceForce, a crypto treasury advisory firm, said more rate cuts could happen after September, ensuring the momentum extends well into the year-end.

“We’re now fully expecting rate cuts to happen in September. It will be the first cut since Trump became President this year. This is significant, and many more will come,” Yang said, calling new highs in the crypto market.

“The major 5 that we pay attention to: BTC, ETH, BNB, SOL, LINK. These will do well given the various parts of the crypto industry they impact,” Yang added.

Focus on ETF flows

Steve Lee, co-founder and managing partner at Neoclassic Capital and investor in BlockTower Capital, called Powell's dovish turn a short-term constructive development for cryptocurrencies while stressing the importance of continued inflows into bitcoin and ether spot ETFs.

“I see this as constructive in the short term, and it may help reverse this week’s sell-off. The key question is whether this momentum holds beyond the low-liquidity weekend. Since BTC and ETH price action is increasingly institutionally driven, spot ETF flows today and Monday will be a strong indicator of whether we are set for another leg higher,” Lee told CoinDesk.

Lee highlighted Base, Monad, Story, and SUI as key projects of interest that he is closely monitoring in his capacity as an early-stage venture capitalist.

Gaer, meanwhile, favored Solana and the SOL ecosystem, including high-beta SOL tokens such as JITO and JUP. Raydium and PUMP on both a “fundamental and forward-demand basis.”

Potential headwinds

While Powell’s dovish stance has set the stage for a rally, traders should remain cautious about potential pitfalls from corporate treasury cryptocurrency adoption and volatility in equity markets.

“Digital asset treasuries (DAT) are an innovative vehicle for public market investors to gain exposure to the digital asset space. However, we have started to see the quality of DAT deals – from banking relationships, compliance, management team, and deal structure perspectives — dropping, which shows early signs of a 'bubble,” Lee said.

Naqsdaq-listed Strategy started this trend of corporate BTC adoption in 2020. Since then, more than 100 publicly-listed firms have accumulated a total of 984,971 BTC, according to data source Bitcoin Treasuries.

“The trend may continue, but it is obvious that the risks associated with this are not ignorable,” Lee added.

Gaer called for closely tracking risks from an overheated equity market and “potential for macro or geopolitical shocks.”

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Ether Likely to Top $5K, BTC Eyes Record High as Powell Sparks Rally; Watch for DAT Deal Risks: Asset Managers

Cryptocurrencies surged late Friday after Federal Reserve President Jerome Powell struck a dovish tone at the Jackson Hole economic symposium, defying market expectations for a more hawkish stance. That has prompted asset managers to call for new all-time highs for bitcoin (BTC), ether (ETH) and select altcoins.

What Powell said?

In one of his most important speeches, Powell suggested that the labor market could benefit from lower borrowing costs, having held the benchmark interest rate steady at 4.25% for eight months.

“Downside risks to employment are rising,” Powell said in prepared remarks for his keynote speech at the Jackson Hole Symposium, adding that the possibility of President Donald Trump’s tariffs having only a short-lived effect on inflation is “reasonable.”

“With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” he noted.

Cryptocurrencies and stocks soared, and the probability of the September Fed rate cut jumped to 90% following the speech. Most analysts expect the momentum to continue in the days ahead.

Analysts see new highs for BTC and ETH above $5K

Analysts at Monarq Asset Management anticipate that ether's price will rise above $5,000 in the coming days.

“We maintain our overall bullish stance. Market internals remain constructive, with few signs of overheating and, as you point out, a clear path to new all-time highs in both BTC and ETH,” Sam Gaer, chief investment officer of Monarq Asset Management's Directional Fund, told CoinDesk.

“Our house view is that Powell’s dovish pivot has cleared the way for $5,000+ in the near term (also not the hardest call to make). Demand from treasury vehicles should increase into the fall as many of the deals announced this summer close or de-SPAC, in addition to ongoing institutional and retail inflows,” Gaer added.

Ethereum's native token ether has already gained nearly 10% in 24 hours, hitting record highs above $4,800. As of writing, it changed hands at $4,700, according to CoinDesk data. Meanwhile, market leader bitcoin traded near $115,600, slightly down from the overnight high of $117,400.

Data from Deribit-listed options shows that ether's rally has sparked renewed demand for upside bets, or call options. At press time, risk reversals were positive across all tenors, implying relative richness of calls. The sentiment wasn't so bullish in BTC options.

Gaer stated that over-the-counter desks and market makers are experiencing stronger demand for ETH compared to BTC, suggesting that ether may outperform ahead.

That said, BTC looked strong on its own too. “The BTC pullback from ATH was ~9.6%—far less than earlier drawdowns this year—indicating strong demand, as evidenced by whale wallet accumulation around the $113k level,” Gaer said.

Spencer Yang, managing partner at BlockSpaceForce, a crypto treasury advisory firm, said more rate cuts could happen after September, ensuring the momentum extends well into the year-end.

“We’re now fully expecting rate cuts to happen in September. It will be the first cut since Trump became President this year. This is significant, and many more will come,” Yang said, calling new highs in the crypto market.

“The major 5 that we pay attention to: BTC, ETH, BNB, SOL, LINK. These will do well given the various parts of the crypto industry they impact,” Yang added.

Focus on ETF flows

Steve Lee, co-founder and managing partner at Neoclassic Capital and investor in BlockTower Capital, called Powell's dovish turn a short-term constructive development for cryptocurrencies while stressing the importance of continued inflows into bitcoin and ether spot ETFs.

“I see this as constructive in the short term, and it may help reverse this week’s sell-off. The key question is whether this momentum holds beyond the low-liquidity weekend. Since BTC and ETH price action is increasingly institutionally driven, spot ETF flows today and Monday will be a strong indicator of whether we are set for another leg higher,” Lee told CoinDesk.

Lee highlighted Base, Monad, Story, and SUI as key projects of interest that he is closely monitoring in his capacity as an early-stage venture capitalist.

Gaer, meanwhile, favored Solana and the SOL ecosystem, including high-beta SOL tokens such as JITO and JUP. Raydium and PUMP on both a “fundamental and forward-demand basis.”

Potential headwinds

While Powell’s dovish stance has set the stage for a rally, traders should remain cautious about potential pitfalls from corporate treasury cryptocurrency adoption and volatility in equity markets.

“Digital asset treasuries (DAT) are an innovative vehicle for public market investors to gain exposure to the digital asset space. However, we have started to see the quality of DAT deals – from banking relationships, compliance, management team, and deal structure perspectives — dropping, which shows early signs of a 'bubble,” Lee said.

Naqsdaq-listed Strategy started this trend of corporate BTC adoption in 2020. Since then, more than 100 publicly-listed firms have accumulated a total of 984,971 BTC, according to data source Bitcoin Treasuries.

“The trend may continue, but it is obvious that the risks associated with this are not ignorable,” Lee added.

Gaer called for closely tracking risks from an overheated equity market and “potential for macro or geopolitical shocks.”

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Ethereum (ETH) Breaks Above $4,800 Amid Market Recovery – Is It Time For New Highs?

Ethereum (ETH) is leading the end-of-the-week market recovery after finally breaking above the $4,800 resistance. As the cryptocurrency is attempting to reclaim this crucial area, some analysts suggest that a new all-time high (ATH) is imminent.

Ethereum Hits New Multi-Year High

On Friday, Ethereum broke above the $4,800 resistance for the first time since 2021, hitting a multi-year high of $4,834. The cryptocurrency has rallied over 14% over the past 24 hours, driven by Federal Reserve Chairman Jerome Powell’s annual address at Jackson Hole.

In his speech, Powell signaled the possibility of an interest rate cut, affirming that “with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”

Following Powell’s remarks, the market soared, with Bitcoin (BTC) jumping from its local range low to the $117,000 area. Meanwhile, Ethereum initially climbed from the $4,200 support to reclaim the crucial $4,700 barrier.

In a statement to CNBC, Jordi Alexander, CEO of crypto trading firm Selini Capital, suggested that crypto traders were caught completely offside by Powell’s dovish comments.

“The market positioning in recent sessions has seen clear risk-off moves in assets like crypto and tech, and today’s setting up of a September rate cut is causing a panicked repositioning, which could continue through the illiquid weekend as shorts get squeezed,” he affirmed.

Meanwhile, Joseph Chalom, Co-CEO of SharpLink Gaming, asserted that “the markets are loving Powell’s dovish speech. September rate cuts seem imminent. We’re at a pivotal moment in the market cycle.”

ETH Ready For More?

Notably, ETH has been consolidating between $3,762 support and $4,631 resistance since the early August breakout, retesting the $4,000-$4,100 mid-zone of this week’s pullback.

On Friday afternoon, Ethereum continued its climb above the $4,800 resistance. This level was unsuccessfully tested last week, when the King of Altcoins hit a local high of $4,788 before being rejected.

Analyst Crypto Jelle highlighted a one-week falling wedge pattern on ETH’s chart, which targeted a breakout to the $4,600-$4,800 area. Following today’s price jump, the analyst suggested that Ethereum is ready to target its all-time high of $4,878 after the breakout.

Additionally, he noted that ETH already broke out of an 18-month bullish megaphone this month, which targets the $10,000 level. He explained that the cryptocurrency has successfully retested the key resistance level, around $4,000, during this week’s pullback and has “hardly any resistance left.”

Nonetheless, he warned that a pullback is likely to come following the massive pump but added that “the intent is clear. This market wants higher.”

Similarly, Ted Pillows affirmed that volatility was expected after Powell’s speech, noting that it had happened in previous years. However, he suggested that a big ETH rally will follow, “just like the last time.”

As of this writing, Ethereum is trading at $4,799, a 32.6% increase in the monthly timeframe.

Ethereum, ETH, ETHUSDT

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Could Ethereum Be Eyeing New Highs? Analyst Spot Bullish Trends in Netflow Data

Ethereum’s price has maintained notable strength in recent weeks, giving many investors reason for cautious optimism. The asset briefly traded near $4,700 last week, close to its all-time high of $4,878 recorded in 2021, before correcting to its current level around $4,633.

Despite this pullback, Ethereum is still up nearly 30% over the past month, according to CoinGecko data, putting a majority of holders back into profit.

Alongside these price developments, analysts continue to monitor exchange data for signs of broader market sentiment. One such analysis comes from PelinayPA, a contributor on CryptoQuant’s QuickTake platform, who examined Ethereum’s netflow patterns on exchanges.

This indicator measures whether more ETH is moving onto exchanges (inflows) or off of them (outflows), providing insight into potential selling pressure or long-term accumulation behavior.

Exchange Netflow Data Points to Reduced Selling Pressure

According to PelinayPA, the current netflow picture suggests that Ethereum investors are largely removing coins from exchanges. Historical data indicate that significant inflows, accompanied by substantial amounts of ETH being transferred to trading platforms, often precede price corrections as investors prepare to sell.

Ethereum exchange netflow.

Conversely, notable outflows have historically appeared before bull market surges, reflecting confidence in holding or long-term storage. “In past cycles, strong exchange outflows occurred just before major uptrends in 2017, 2021, and again in 2024,” PelinayPA explained, adding:

What we’re seeing now is consistent negative netflow, meaning ETH is leaving exchanges. This generally reduces immediate selling pressure and supports the case for ongoing bullish momentum.

The analyst noted that while inflows can still trigger short-term pullbacks, the current outflow-dominant environment suggests that Ethereum retains significant upside potential in the medium to long term.

The price action aligning with these signals reflects a market where participants are more inclined toward accumulation than distribution.

Ethereum Institutional Demand and Technical Outlook

Ethereum’s strong performance is also being interpreted through a technical lens. Several traders have pointed out that ETH has broken out against Bitcoin after years of relative underperformance.

A crypto analyst known as CryptoBatman on X highlighted the significance of this trend, arguing that Ethereum’s rally could be entering a new phase of market recognition.

“ETH has finally broken out against BTC,” he wrote, noting that this development shows Ethereum’s potential to gain further traction in the broader crypto market.

In addition, institutional indicators are beginning to align with this narrative. Investment funds and exchange-traded products tied to Ethereum have seen steady growth in holdings, with large investors maintaining exposure even during periods of volatility.

Ethereum (ETH) price chart on TradingView

Featured iameg created with DALL-E, Chart from TradingView

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Bitcoin, Ethereum, XRP, BNB On The Rise Following Powell’s Fed Speech

The cryptocurrency market experienced a significant surge on Friday, with Ethereum (ETH) and Bitcoin (BTC) leading the charge and reviving the upward momentum seen in the previous week that had propelled it to new all-time highs. 

Among the notable developments, the market’s leading altcoin skyrocketed above the $4,700 mark while recording double-digit gains and edging closer to the $4,878 record highs it reached during the last crypto bull cycle four years ago. 

After enduring a prolonged phase of consolidation and breakdown, ETH’s recent gains reflect renewed optimism in the market, particularly following comments from Federal Reserve (Fed) Chair Jerome Powell.

Ethereum, XRP, And BNB Surge 

Powell’s remarks during his speech at the Jackson Hole Economic Symposium suggested that rate cuts could be on the horizon, a sentiment that tends to favor assets like Bitcoin and altcoins. 

Lower interest rates make investments in stocks and digital currencies more attractive compared to traditional interest-yielding options, such as bonds. Additionally, a reduction in rates typically weakens the dollar, further enhancing the appeal of cryptocurrencies.

The positive market sentiment was not limited to Bitcoin and Ethereum; other altcoins also enjoyed substantial price increases. XRP rose by 5%, Solana (SOL) saw a 4% gain, and Binance Coin (BNB) surged by 8%, reaching a new record price beyond the $882 mark, which now serves as a resistance level for the token.

Manuel Villegas, an analyst at Julius Baer, noted in a research report that the correlation between cryptocurrencies and equities is currently strong. 

He emphasized that the market mood is likely to be highly responsive to comments from the Jackson Hole meeting of monetary authorities and any subsequent reactions from fiscal authorities.

¿A Bullish Q4 Ahead?

On social media platform X (formerly Twitter), market experts weighed in on the implications of Powell’s statements highlighting what could come next for the broader cryptocurrency market. 

Doctor Profit remarked that Powell’s announcement was the most anticipated event for both the stock and crypto markets, suggesting that the market had already priced in the likelihood of upcoming rate cuts. 

He cautioned that a “sell the news” reaction could soon occur, as traders might capitalize on the gains made in anticipation of these developments. 

In a social media post, Lark Davis asserted that the Federal Reserve Chair’s comments have effectively opened the door for potential rate cuts as early as September, hinting that the fourth quarter of the year could end up being “extremely bullish.”

Ethereum

As of this writing, Ethereum is trading at $4,740. It has the best performance of the day among the top cryptocurrencies, with a significant 13% uptrend witnessed in today’s trading session.

Bitcoin, on the other hand, is still far from the record $124,000 level reached last week, despite its 4% surge in the last 24 hours. Trading at $116,000, Bitcoin is still 6% below its all-time high.

Featured image from DALL-E, chart from TradingView.com 

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Bitcoin Slides Below $120K as Buyers Retreat, Is the Rally Already Over?

Bitcoin continues to trade below its recent highs, extending a pullback that began after reaching a record level above $124,000 last week. As of today, the cryptocurrency is priced around $115,347, reflecting a 7.7% drop from its peak and a 3% decline over the past week.

The downturn highlights a loss of momentum, with market data suggesting reduced demand from buyers on major exchanges. According to recent analysis shared on CryptoQuant’s QuickTake platform, the decline is closely tied to shifting activity on Binance, the world’s largest crypto exchange by volume.

The analyst, known by the pseudonym Arab Chain, explained that Bitcoin’s downward trajectory this month corresponds with fading buying pressure on Binance. The pattern indicates that sellers have been able to exert more control in recent sessions, with spot market data showing a liquidity exit from buyers.

Bitcoin Exchange Data Highlights Reduced Demand

Arab Chain’s analysis noted that between early August and August 22, Bitcoin slipped from levels above $123,000 to near $113,000. During the first half of the month, strong waves of buyer activity supported upward price moves.

However, as the month progressed, indicators such as Binance’s Volume Delta shifted negative, reflecting a reversal in the balance between buyers and sellers. At one point, net outflows from buyers reached levels close to -$600 million, suggesting that sellers were absorbing liquidity without enough counter-pressure.

Bitcoin buy side momentum on Binance

The analyst emphasized that Binance data carries weight given the platform’s depth and liquidity. A decline in buying activity despite stable overall volume points to a cautious stance from large traders and institutions.

Some of the selling may be linked to profit-taking at resistance zones near $120,000, while the lack of strong follow-through buying reduced the likelihood of sustaining higher prices. This pattern reflects how spot market demand remains critical for price stability at elevated levels.

Miner Behavior Points to Accumulation Shift

In addition to exchange data, unusual activity between miners and Binance has drawn attention. Arab Chain also highlighted an increase in transfers from Binance to miner-linked wallets, a reversal of the more common pattern of miners sending Bitcoin to exchanges for sale.

Past episodes of such flows, averaging more than 10 BTC per transaction, preceded rebounds in the market earlier this year. This may suggest that miners are holding back supply or preparing reserves in anticipation of future price strength.

Bitcoin exchange to miner flow.

The implications of these transfers depend on interpretation. If miners are moving Bitcoin to cold storage, it indicates reduced short-term selling pressure and could support the market by lowering available supply.

On the other hand, if the transfers represent profit redistribution or eventual liquidation through other channels, the effect may be neutral or even negative. Still, the data points to a strategic shift in miner behavior, adding another layer of complexity to the current correction phase.

Bitcoin (BTC) price chart on TradingView

Featured image created with DALL-E, Chart from TradingView

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When Will Bitcoin Bottom Out? This Could Be The Signal To Watch

On-chain analytics firm Glassnode has revealed how the Bitcoin price often forms local bottoms when this holder group shows capitulation.

Bitcoin STHs Are Currently Participating In Mild Loss Realization

In a new post on X, Glassnode has talked about how short-term price action is often dictated by the top buyers’ reaction to post-ATH drawdowns. As the price slides down, these holders quickly get into losses and can become prone to making panic moves.

Bitcoin is currently in such a phase, with a notable amount of supply having a cost basis in the zone between the latest spot price and $120,000, as the below chart shows.

Bitcoin CBD

The indicator in the graph is the Cost Basis Distribution, which tells us, as its name suggests, how much of the BTC supply last changed hands at the various price levels. From the metric’s data, it’s apparent that investors have slowly been building up a dense supply cluster below $120,000 as the asset has been trading inside the range since early July.

The recent Bitcoin price plunge naturally put these investors underwater, so the question is: how have these holders been reacting? An indicator that can help shed light on the matter is the Spent Output Profit Ratio (SOPR). This metric compares the amount of profit and loss that the investors as a whole are realizing on the network.

When the value of the SOPR is greater than 1, it means the average holder is selling their coins at a profit. On the other hand, it being below the threshold suggests loss-taking is dominant on the network.

In the current discussion, the SOPR of the entire market isn’t of interest, but rather that of a specific part of it: the top buyers. These would be the investors who got into the cryptocurrency over the last three months.

Here is the chart shared by Glassnode that shows the trend in the Bitcoin SOPR for the investor cohorts falling in this age range:

Bitcoin SOPR

As is visible in the above graph, the Bitcoin SOPR has dropped for all three of 1 day to 1 week, 1 week to 1 month, and 1 month to 3 months groups following the price decline.

The indicator is now floating between 0.96 to 1.01 across these cohorts, indicating these investors have started selling at a mild loss. “If pressure builds, local bottoms often form when this group capitulates, typically when SOPR drops below ~0.9,” notes Glassnode.

For now, though, it seems Bitcoin may not have to wait for this capitulation signal, as its price has seen a rebound in the past day.

BTC Price

At the time of writing, Bitcoin is trading around $116,000, down 2% over the past week.

Bitcoin Price Chart

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When Will Bitcoin Bottom Out? This Could Be The Signal To Watch

On-chain analytics firm Glassnode has revealed how the Bitcoin price often forms local bottoms when this holder group shows capitulation.

Bitcoin STHs Are Currently Participating In Mild Loss Realization

In a new post on X, Glassnode has talked about how short-term price action is often dictated by the top buyers’ reaction to post-ATH drawdowns. As the price slides down, these holders quickly get into losses and can become prone to making panic moves.

Bitcoin is currently in such a phase, with a notable amount of supply having a cost basis in the zone between the latest spot price and $120,000, as the below chart shows.

Bitcoin CBD

The indicator in the graph is the Cost Basis Distribution, which tells us, as its name suggests, how much of the BTC supply last changed hands at the various price levels. From the metric’s data, it’s apparent that investors have slowly been building up a dense supply cluster below $120,000 as the asset has been trading inside the range since early July.

The recent Bitcoin price plunge naturally put these investors underwater, so the question is: how have these holders been reacting? An indicator that can help shed light on the matter is the Spent Output Profit Ratio (SOPR). This metric compares the amount of profit and loss that the investors as a whole are realizing on the network.

When the value of the SOPR is greater than 1, it means the average holder is selling their coins at a profit. On the other hand, it being below the threshold suggests loss-taking is dominant on the network.

In the current discussion, the SOPR of the entire market isn’t of interest, but rather that of a specific part of it: the top buyers. These would be the investors who got into the cryptocurrency over the last three months.

Here is the chart shared by Glassnode that shows the trend in the Bitcoin SOPR for the investor cohorts falling in this age range:

Bitcoin SOPR

As is visible in the above graph, the Bitcoin SOPR has dropped for all three of 1 day to 1 week, 1 week to 1 month, and 1 month to 3 months groups following the price decline.

The indicator is now floating between 0.96 to 1.01 across these cohorts, indicating these investors have started selling at a mild loss. “If pressure builds, local bottoms often form when this group capitulates, typically when SOPR drops below ~0.9,” notes Glassnode.

For now, though, it seems Bitcoin may not have to wait for this capitulation signal, as its price has seen a rebound in the past day.

BTC Price

At the time of writing, Bitcoin is trading around $116,000, down 2% over the past week.

Bitcoin Price Chart

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Whale Rotation Alert: Bitcoin Dump, Ethereum Accumulation Rising

A major Bitcoin whale has begun offloading massive amounts of BTC while simultaneously accumulating ETH. Such whale activity has typically influenced sentiment and liquidity, with ETH stacking rising in pace as BTC reserves are reduced, as analysts watch to see whether whale conviction could tilt the balance between the two largest cryptocurrencies.

Whale Unwinds 15,000 BTC Position

A Bitcoin whale who once held 15,000 BTC is selling massive amounts of BTC and buying ETH, making waves across the crypto market. Analyst CryptoGucci has revealed on X that this wallet, which originally held 15,000 BTC, was moved from cold storage 7 years ago, and has aggressively sold thousands of BTC while buying up massive amounts of ETH.

In the past 24 hours, the whale has deposited 2,370 BTC worth $266 million in exchanges and has been steadily selling more BTC every few hours. This whale has been stacking ETH at scale. The whale’s holdings now sit at 167,629 ETH across 5 wallets, worth $706 million, which is spread across spot ETH, perpetual contracts, and Aave ETH positions in WETH and aEthWETH.

Ethereum is rapidly gaining traction among corporate treasuries. According to CryptoRank_io’s update, the public companies now hold 2% of ETH’s total supply, marking a significant milestone in institutional adoption. Since April 1st, corporate ETH holdings have skyrocketed from $70 million to an impressive $10.9 billion, which reflects a surge in institutional confidence. 

Over the same period, the public companies BTC holdings also increased from 3.07% to 3.93% of total supply, showing a steady accumulation of both top crypto assets. BitMine is leading the pack, which now holds over 1.5 million ETH, making it the largest corporate ETH treasury in the world.

Bitcoin And Ethereum Market Positioning

HolaItsAk47 also stated the conversation around the 2025 bull run is heating up, and ETH keeps resurfacing. For years, Bitcoin has dominated as the undisputed leader of the crypto markets. This time, the fundamentals suggest that ETH is not just catching up to BTC, but it could take the lead in future finance.

With ETH leading the charge in the Stablecoin dominance, the network is becoming the backbone of digital finance, hosting top stablecoins like USDC, USDT, and more. Also, the GENIUS Act clarity regulatory developments are becoming clearer, paving the way for institutional adoption without compromising network utility to accelerate. 

Given the institutional inflows of billions pouring into Ethereum ETFs and corporate treasuries gradually increasing exposure, ETH is capturing serious institutional attention. Dencun Upgrade, slashing transaction fees by up to 98%, has massively improved scalability and usability. DeFi and tokenization remain the primary platforms for decentralized finance and tokenized assets in ETH, while reinforcing its central role in Web3.

Ethereum

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Crypto Strategist Sounds The Alarm: Bitcoin Surge Could Clash With Fed Reserve Goals

Bitcoin slipped on Friday after a brief run higher, and some market watchers say the move could force a policymaker response. Based on reports, Bitcoin was trading at about $113,240, down 3.4%, on August 22, 2025.

Crypto Analyst Flags Inflation Risk

According to Bloomberg Intelligence strategist Mike McGlone, the simultaneous rise in equities, Treasury yields, gold and Bitcoin looks unstable and could push inflation higher if it continues.

He warned that stronger risk-asset gains might nudge the Federal Reserve toward tighter policy, not easing, which would be the opposite of calls from US President Donald Trump to loosen policy this year.

Reports have noted that Bitcoin fell from a local high of $120,050 to roughly $112,990, a decline of about 6% since last Friday, and that the crypto lost just over $1,000 in a few hours during the move.

Price Action And Market Moves

Markets reacted quickly. Some traders booked profits after the spike, and others trimmed positions ahead of key Fed commentary at Jackson Hole.

The pullback was not extreme by historical standards, but it shows how quickly sentiment can change. Markets have been watching Treasury yields and Powell’s comments closely, since those signals help decide whether risk assets will keep drawing fresh money.


What The Numbers Mean For Investors

Based on reports, the recent fall understates how much volatility persists in crypto. A 6% move in a few days is normal for Bitcoin’s history, yet it still matters for big holders and funds that move money in and out quickly.

Some support levels around $112,000 were being watched by crypto tacticians, while traders said downside protection would likely be tested if yields continue higher.

Analysts’ Price Targets

Analysts are split on where Bitcoin goes from here. Bernstein strategists, for example, have floated a scenario where Bitcoin could climb as high as $200,000 within months if certain on-chain flows and institutional demand persist.

Other market players see a more modest path, with some guessing at a peak near $140,000 to $150,000 as the most realistic upside in the near term.

At the same time, veteran voices like McGlone warn that downside scenarios remain possible if the Fed tightens.

Featured image from Meta, chart from TradingView

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Bitcoin Weakness Vs. Ethereum Strength: On-Chain Data Reveals Divergence

As Bitcoin (BTC) stalls near the $113,000 level, Ethereum (ETH) continues to show strength, highlighting a clear divergence in price action between the top two cryptocurrencies by market cap. This contrast has some investors considering a rotation from BTC into ETH to capture the latter’s bullish momentum.

Bitcoin Shows Correction Risks – Is ETH Safe?

According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, on-chain data reveals underlying weakness in BTC price action. By contrast, ETH is displaying notable resilience even as broader crypto market momentum fades.

Currently, Bitcoin’s exchange reserves are hovering around 2.53 million BTC, showing little sign of declining despite recent volatility. For context, BTC has fallen 5.4% over the past week.

bitcoin

Historically, shrinking exchange reserves have indicated BTC moving off exchanges for long-term holding, which reduces near-term sell pressure. This time, however, reserves remain flat, suggesting that a significant portion of BTC supply is still liquid and available for selling.

Flat exchange reserves – combined with BTC’s recent drop from $123,000 to $113,000 – have raised red flags for a possible short-term correction. Meanwhile, ETH’s on-chain dynamics tell a very different story.

Unlike BTC, ETH has consistently recorded large net outflows from exchanges, with multiple spikes exceeding 300,000 ETH in late July and mid-August. XWIN Research Japan explained:

Outflows usually reflect coins moving into cold storage, staking, or institutional custody, tightening the available supply on the open market. ETH’s price has been between $4.150 to $4,400, aligning with the outflow trend and reinforcing a bullish narrative of a potential supply shock.

In short, while BTC is consolidating with lingering sell-side liquidity, ETH’s declining exchange balances signal rising institutional demand. These opposing dynamics suggest capital may be rotating from BTC to ETH.

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Different Dynamics Between BTC And ETH

Beyond exchange reserves, other indicators also highlight further downside risk for BTC and growing institutional interest in ETH, reinforcing the market’s preference for Ethereum over Bitcoin.

For instance, noted crypto analyst Xanrox recently offered a dramatic price prediction for BTC, stating that it may crash all the way down to $60,000 – almost a 50% fall from its current market price.

Meanwhile, whales continue to increase their exposure to ETH, growing their holdings at a rapid pace as ETH’s relative strength compared to BTC improves. Yesterday, an Ethereum whale went long on $300 million worth of ETH on-chain.

From a technical perspective as well, things look positive for ETH, with a potential recovery to $4,788 on the cards. At press time, BTC trades at $112,283, down 0.7% in the past 24 hours.

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Ethereum Surges to New All-Time High Amid Likely September Rate Cut

Ethereum (ETH) hit a record price of $4,885 on Coinbase on Friday after a speech by Federal Reserve Chair Jerome Powell suggesting interest rate cuts left traders relieved going into the weekend.

The token rose nearly 15% over the past 24 hours as part of a broader rally in financial markets.

Nevertheless, ether’s rally stood out among other tokens. Bitcoin was also up, but only by about 4%. The CoinDesk 20 Index, which tracks the broader crypto market, rose 9% over the same period.

Powell on Friday gave hints that the Fed will indeed cut interest rates in September, as initially anticipated by traders. Hope, however, faded over the last few days, causing a significant reaction in global markets during Friday trading hours.

Ether has not only profited from macroeconomic circumstances this year, but even more so from renewed institutional interest in the network behind the token.

Several companies have started accumulating ether as part of their treasury strategy, including ETHZilla that is backed by billionaire investor Peter Thiel. Some believe that Ethereum will eventually be Wall Street’s favorite blockchain to build on, fueling demand for its native token.

As a result, ether has outperformed bitcoin this year, up about 45% since the start of 2025 while the largest cryptocurrency is up 25%. Some other ether-related tokens, such as Lido (LDO) and Ethena (ENA), also benefited from ETH's swift rally.

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Cardano Price Squeezed Between Support And Resistance – Market Awaits Next Leg

Cardano’s price is caught in a tight range, holding above key support while facing resistance overhead. With momentum weakening, will ADA break higher or slide back toward lower levels in its next decisive move?

Bearish AB=CD Pattern Completed With Rejection At $0.95

Alpha Crypto Signal, a crypto analyst on X, recently shared insights on Cardano’s price action, noting that ADA has just completed a bearish AB=CD pattern on the daily timeframe. The rejection around the $0.95 level confirms this setup, suggesting that the market may be preparing for a corrective move. Such harmonic patterns often signal exhaustion in the preceding trend, hinting that ADA could face additional downward pressure in the short term.

Currently, Cardano is trading below the 9-day EMA at $0.88, indicating that momentum has weakened following its recent attempts to push higher. Trading beneath this moving average often reflects a bearish shift in sentiment, where buyers struggle to maintain control. 

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The analyst highlighted a critical support zone between $0.74 and $0.77, which will likely act as the first line of defense for bulls. Should this area give way, ADA could extend its decline toward the $0.70–$0.68 range, marking a deeper retracement and potentially testing the patience of long-term holders. 

Still, the outlook is not entirely bearish. According to the analysis, bulls could regain momentum if ADA manages to reclaim the $0.90 level and establish support above it. A successful recovery beyond this threshold would weaken the bearish narrative and possibly set the stage for another upward push.

Cardano Holds Key Level After Pullback

CryptoPulse, another market analyst, noted in an X update that Cardano is currently holding above a key support level following a pullback. This resilience suggests that buyers are still defending critical price zones despite recent bearish pressure.

Related Reading: Cardano Defies Market Pullback: Could On-Chain Momentum Signal a 70% Run Ahead?

According to the analyst, as long as the price maintains this support just above $0.80, ADA has the potential to rebound toward the $1.06 region, which aligns with the 0.382 Fibonacci retracement level. A move in this direction would indicate that momentum is shifting back in favor of the bulls.

However, CryptoPulse cautioned that if support fails and ADA breaks lower, a backtest could occur, raising the risk of the price revisiting its range lows. Such a move would reinforce bearish sentiment and potentially delay any significant recovery attempts.

In the meantime, the levels are clearly defined, leaving the market to decide its next direction. Whether ADA manages to build on its current support and push higher, or slips back into deeper corrective territory, will depend on how traders respond around these pivotal zones.

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