Bitcoin (BTC) is consolidated near the current levels as capital entries extend along the risk curve to Ethereum and wider altcoins, according to Bitfinex Alpha August 25 report.
The report noted that the discrepancy represents a measured rotation of institutional liquidity after the high formation of all Bitcoin times.
Bitcoin decreased by 4.5% compared to the weekly open from August 18 to August 22, sliding towards the local range while investors moved before the Jackson Hole symposium of the Federal Reserve.
The assets reached $ 111,990 in the middle of weaknesses renewed in American funds on funds negotiated on the stock market (ETF), the ETF Bitcoin recording $ 1.18 billion in net outputs during the week. At the time of the press, BTC lost the threshold of $ 110,000 and is price of $ 109,795.71.
The president of the federal reserve Jerome Powell remarks to Jackson Hole sparked a lively rebound in risk assets, arousing short pressure through the crypto.
Ethereum led the recovery, reaching a new summit of $ 4,958.70 on August 24 and demonstrating its role as an engine of liquidity for the institutional markets.
Spot ETFs recorded $ 70 million in outings on August 18 only, marking the third daily outing never recorded. However, Ethereum cash companies have absorbed substantial sales pressure, with preliminary estimates suggesting significant institutional support.
Business treasury bills, including Sharplink Gaming, Bitmin Immersion Technologies and Btcs, accelerated accumulation, with chain cash flows exceeding $ 10 billion. The report noted that the rotation reflects softer capital entries in Bitcoin after its highest August 143,640.
Bitcoin’s ceiling has developed 6% per month during the current decision, compared to 13% monthly growth at the end of 2024 more than $ 100,000, indicating the appetite of more prudent investors.
Macro signals remain favorable
The global liquidity conditions remain favorable, the combined monetary mass of M2 of the main central banks approaching 100 billions of dollars. The structural trend of global liquidity strengthens the long -term optimistic case for digital assets, although the capital allowance has become more selective.
Solana climbed above $ 200 to reach $ 212.60 while the larger digital asset class pushed higher alongside actions, reflecting the tightening of correlations between cryptography and traditional risk assets. Meanwhile, the development of the network continues to progress, presented by the recent issue of DBS Bank tokenized tokenized tickets on Ethereum.
In this context, Bitfinex expects Bitcoin to remain linked to the beach while Ethereum attracts increased institutional demand, reflecting Bitcoin dynamics from the beginning of 2024.
The report provided for a larger capital rotation in higher risk altcoins later in the cycle, with a wider re -evaluation of the market depending on renewed Bitcoin ETF entries and new Altcoin investment vehicles.
