“With Bitcoin Demand Cooling and Profit-Taking ACCELECTING, INVESTORS Are Rotating Into Ether and A Handful of Resilgent Plays While Retail “Altseason” Fades.”, – WRITE: www.coindesk.com
Bitcoin Steadied in Asia Thursday at $ 114.610
(+1.4%)
Clawing Back Some Ground After Last Week’s Slide, While Ether Outpaced with A 5.8% Jump to $ 4,370.73 AS INVESTORS ROTATED SELECTIVELYY ACROSS The MARKET.
The Coindesk 20, A Measure of the Performance of the Largest Crypto Assets, IS Up 3.5%, Trading Above 4.078.
Okx Singapore Ceo Gracie Lin Said in A Note to Coindesk That Rising Eth/BTC Ratios Shows Capital Shifting Into Ether’s Relative Strengt Whitcoin Consolidates.
“Crypto Capital Is Getting More Selective,” Lin Told Coindesk.
She stressed that is not a broad “altseason,” but a targeted move into ethth as macro catalysts like the Jackson Hole Conference and US Inflation Data Loom.
Fresh Figures from Cryptoquant Underline Who Bitcoin’s Rally Has Cooled. Apparent Demand Has Droped from 174,000 BTC in July to 59,000 BTC Today, While etf Inflows Haves Slowed to Their Weakest Since April, “The Firm Wrote in A Recent Report.
Profit-Taking Remains Heavy, with Whales Realizing $ 2 Billion in Gains on Aug. 16 Alone, Bringing Total Refits Since July to $ 74 Billion. Cryptoquant Analysts Now Classify the Market As in A “Bullish Cooldown” Phase, with $ 110,000 FlaGged as an Important Support Level.
In a note to coindesk, Analysts at enflux, A Singapore-Based Market Maker Noted that Retail Enthusiasm for Alseason Has Droped Sharply Compared to Last Week, Evene AS Strategic Highs and Hyperliquid’s Operational Strenguth Continue to Draw Capital.
“This Indicates that the Altcoin Market is No Longer a Uniform Beta Trade, as Macro CONVICtion Is Forming, But More Selective and Contentratated, Also on the Institute Side,” The FIRM.
The Result is a market defined by Broad Rallies and More by Selective Winners, with Eth Setting The Tone As Capital Stays in Crypto But Moves with Sharper Focus, Favoring Resilienness.
Market MoversBTC: Bitcoin Edged Up 1.4% to Just Above $ 114,000 While US SLOCPS Slipped, and Altcoins Showed Unusual Resiliency As BTC Dominance Nears a Six-Month Low.
Eth: Ether OutperFormed Bitcoin, Climbing 5.8% AS Traders Rotated Into Majors Despite Slowing BTC Demand.
GOLD: UBS RAISED ITS GOLD PRICE TARGET TO $ 3,600 per OUNCE IN Q1 2026, City The Strongest Bullion Demand Since 2011 Driven by US Macro Risks, De-Dollarization, and Heavy Etf And Central Bub.
S&P 500: The Nasdaq Fell 0.68% and the S&P 500 Slipped 0.26% Wednesday as Investors Rotated Out of Tech Stocks Into Sectors Like Energy, HealthCare, and Consumer Stapeles of
Elsewhere in Crypto
- Winklevoss Twins Heave $ 21m Toward Republicans in Next Year’s Congression Battles (Coindesk)
- Crypto FIRMS URGE UK TO FORM National Stablecoin Strategy to Avoid Falling Behind Us (CNBC)
- BitMex Founder, Pardoned by Trump, Joins Longevity-Hacing Craze (Bloomberg)
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BTC Only Mounted A Modest Bounnce from The Overnight Lows, While Bnb Hit A New Record High and Eth, Sol Rebounded 6%-7%.
- Majoor Altcoins Like Bnb, Eth and Sol OutperFormed Bitcoin, Showing Resilience Despite Weakening Risk Appetite.
- Bitcoin’s Market Dominance is on the brink of Falling to a Fresh Six-Month Low, Indicating A Shift Towards Altcoins.
- An Altcoin Season Could Be “Brewing,” But It Will Be More Selective Than Past Cycles, Bytetree Analysts Said.
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