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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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Today, although ETH broke through 4,000 USD, the overall market did not show significant FOMO sentiment, and the favourable information from 401K entering the encryption market has not significantly improved BTC's purchasing power. Trading volume remains normal, and the price increase is more due to reduced selling pressure. In contrast, ETH's trading volume has noticeably increased after the announcement, with the spot ETF $ETHA also seeing higher trade volumes, indicating that funds are leaning towards ETH, especially as traditional ETF funds drive activity in both primary and secondary markets. The US stock market is performing strongly, with the Nasdaq hitting new highs and the S&P approaching historical highs, which may provide indirect support for BTC.
From on-chain data, the BTC turnover rate has slightly increased, mainly concentrated among short-term investors whose holding cost is above 107,000 USD. The 117,000 USD level has been tested multiple times but still has about 640,000 BTC accumulated, indicating that a directional choice is approaching. The two major support zones have stable holdings, and even during last week's low sentiment, it did not fall below 110,000 USD, showing solid support. With weekend liquidity, market sentiment is expected to remain stable, with current long positions held, waiting for weekend performance.
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