After months of underperforming in comparison with BTC USD, Ethereum crypto is now in focus. Not solely has it been resilient, absorbing promoting stress, however after the frustration in H1 2025, the coin is on the cusp of breaking 2021 highs. At spot charges, ETH USD is buying and selling above $4,500 after surging to over $4,900 over the weekend. Though costs have been rejected and fell to present ranges, the uptrend stays.
From the day by day chart, BTC USD has discovered key assist across the $110,000 stage. Notably, the drop seen up to now few hours in the present day is a continuation of the sell-off posted on August 24, when bears fully reversed the positive aspects of August 22. Technically, so long as BTC USD is capped beneath $118,000, bears are in management, and so they could pierce via $110,000 in a bear development continuation, confirming losses from August 14.
(Supply: TradingView)
In the meantime, ETH USD bulls are optimistic. Based mostly on Coingecko information, Ethereum crypto is up 22% up to now month and a formidable 67% within the final 12 months of buying and selling. Regardless of the shakeout in Bitcoin over the weekend, ETHUSDT is up practically 8% within the final week of buying and selling.
Technically, the positive aspects of August 22 outline the short-term worth motion. Patrons have the higher hand so long as costs development above $4,200, the low of August 22. As soon as $4,900 breaks, ETH USD will enter new territory, probably setting a stable basis for a leg as much as $10,000.
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Bitcoin Bulls Dominate as Liquidity Dries Up
Whereas confidence is excessive amongst Ethereum holders, merchants must be cautious, contemplating Bitcoin’s excessive market dominance. As of August 25, Bitcoin controls 56% of the overall crypto market, whereas ETH crypto has risen to 14%. This excessive market dominance signifies that if Bitcoin drops beneath essential assist ranges, resembling $110,000, the chances of BTC USD dragging different altcoins, together with a number of the high Solana meme cash, are excessive.
The percentages are stacking up towards Bitcoin. In line with Glassnode, as of August 25, all Bitcoin cohorts, from small retail holders to whales, are in distribution mode, promoting or making ready to promote. Analysts be aware that these holding between 10 and 100 BTC are main the cost.
(Supply: Glassnode by way of X)
A number of components, together with profit-taking after the current surge to new all-time highs, may drive this broad sell-off. Macroeconomic uncertainties, resembling softening labor markets and rising inflation, are additionally concerns. Although the Federal Reserve may think about slashing charges in September, BTC USD may face immense promoting stress from holders within the quick time period.
As holders promote, onchain information exhibits that Bitcoin liquidity can be falling. The Spent Quantity metric, which measures the overall worth of BTC transacted day by day, is shrinking, averaging 529,000 BTC within the final week. This drop means that draw back momentum could wane, although analysts advise merchants to proceed cautiously.
GM!
Spent Quantity (BTC)- the overall quantity of cash spent per day. This metric displays liquidity stream, although it stays delicate to inner transfers by exchanges and companies. This week, its common worth dropped to a minimal of 529K BTC per day.
This means that the… pic.twitter.com/h390vBjFCj
— Axel
Adler Jr (@AxelAdlerJr) August 23, 2025
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Institutional Shift to Ethereum: A Boon for ETH USD?
Moreover declining liquidity, massive sellers are energetic throughout all main exchanges. One analyst observes that many of those sellers are unaware of time-weighted common worth (TWAP) methods, including to the volatility.
It’s a bit regarding that giant sellers are displaying up on exchanges who don’t appear to find out about TWAP.
Total, CEX Netflow remains to be inexperienced, however it’s getting near the purpose the place sellers will outnumber consumers.Proper now could be the right time for Saylor & Co. to step up… pic.twitter.com/nOxmf8eVDw
— Axel
Web stream to exchanges stays optimistic, which is bearish for 
BTC ▼-2.69% since extra cash parked at exchanges usually tend to be offered for money or blue-chip altcoins, primarily ETH and different greatest cryptos to purchase.
That is taking place, as analysts be aware that extra establishments are pivoting to ETH. Final week, Bitmine, the Ethereum Treasury Firm led by Tom Lee, a identified Bitcoin bull, purchased $2.2 billion price of ETH. The agency now holds over 1.71 million ETH and 192 BTC.
NEW: Tom Lee explains how $6.6 billion in Ethereum generates over $200 million in web earnings.
"Should you maintain $ETH and also you conform to stake it and validate transactions, you earn the staking charge, which is 3%."
He plans to make use of the earnings to pay BitMine holders a money dividend.… pic.twitter.com/DrLMAJ3Fgl
— CryptosRus (@CryptosR_Us) August 22, 2025
In line with Lee, due to this substantial stash, Bitmine generates over $200 million in web income from staking.
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BTC USD Falls As Ethereum Surges: Will ETH USD Break $5K?
BTC USD hovers round $110,000 assist
ETH USD is up 22% in a month, buying and selling above $4,500
Bitcoin holders seeking to dump BTC
Bitmine purchased $2.2 billion of ETH final week
The publish BTC USD Feels the Stress as Large Gamers Shift to Ethereum: What’s Subsequent? appeared first on 99Bitcoins.
