BITPRISMIA
Ether ETFs saw $640 million in inflows for the eighth consecutive day, while Bitcoin ETFs recorded $231 million in gains despite outflows from major funds, with record-breaking trading volumes highlighting strong market momentum.
Bitcoin's price is consolidating around $118.5K to $119K after a sharp drop, with mixed technical signals suggesting potential breakout or further downside depending on key levels.
The upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin could significantly influence Bitcoin's price movement, with current low volatility in the Bitcoin options market suggesting potential for sharp price shifts.
The article ranks the top 10 crypto exchanges in August 2025 based on trading volume, fees, and features, highlighting their strengths and market positions during a growing bull market.
Bitcoin's price dropped from $124K to below $118K, accompanied by a 5% plunge in open interest and a sharp decline in net taker volume, indicating a market downturn driven by long liquidations and reduced bullish momentum.
Bitcoin's recent surge to an all-time high was followed by a 3.5% retracement due to large-scale sell-side transactions by whales, with market volatility suggesting potential further price fluctuations.
Bitcoin and other cryptocurrencies experienced a significant price drop following the release of higher-than-expected U.S. inflation data, which also impacted traditional markets.
Bitcoin's recent rally to over $124,000 is attributed to ETF demand, a weak dollar, and expectations of a Fed rate cut, with analysts predicting potential price targets between $131,000 and $177,000.
The current Bitcoin bull cycle differs from past cycles, with the NUPL metric indicating multiple peaks and a potential prolonged run influenced by spot ETFs and liquidity, though selling pressure remains a concern.
Ether ETFs recorded their second-largest single-day inflow at $729.14 million, while Bitcoin ETFs extended their inflow streak to six days with $86.91 million, both reaching record trading volumes and net assets.