BTC skilled vital volatility after setting a brand new all-time excessive. The worth rapidly reversed, signalling a attainable bull entice, main everybody to query, what’s the finest crypto to purchase now? In all probability, BTC is ready to expertise sideways consolidation for some time inside the $116 to $124k vary.
Bulls pushed BTC to a brand new peak of $124.4k, however heavy promoting stress ensued and trapped late entrants. It’s now again within the 118k vary. Sustaining this stage is necessary for the bull cycle to stay in impact. A rebound from the 118k stage is a certain signal that the bullish development will proceed.
On the four-hour chart, BTC’s latest strikes replicate a traditional liquidity sweep. It broke via its earlier all-time excessive, triggering breakout buys and stop-losses, solely to reverse sharply.
(BTCUSD)
It then adopted up by sharply declining under the earlier swing low.
Presently, BTC is buying and selling between the vary of 116k to 124k. With out a convincing breakout, analysts expect the worth motion to stay risky.
Do you see the present $BTC chart construction after the fourth halving? It’s shifting in a gradual straight line, not like the parabolic curve constructions of the previous. That is BlackRock and different establishments, with their algorithms, controlling the worth. As a substitute of the parabolic strikes… https://t.co/OJSa5xjFJb pic.twitter.com/CRPLFCfqLw
— RG8
(@RG8XBT) August 17, 2025
Within the meantime, merchants have zeroed in on liquidity pockets on each ends of the vary.
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What Does The On-Chain Information Present?
Binance’s seven-day imply influx is spiking as we converse and has reached considered one of its highest ranges seen in latest instances.
This metric tracks the typical variety of BTCs getting into the alternate and has traditionally coincided with preparation for promoting, margin collateralization or institutional rebalancing.
The spike signifies a gradual inflow of BTCs into Binance’s buying and selling accounts from exterior wallets. Traditionally, spikes like this, when not met by sufficient spot demand, have resulted in short-term promoting stress.
Moreover, Binance’s netflow has turned constructive, indicating inflows outpacing outflows.
With out patrons absorbing the BTC, the imbalance might lead to near-term volatility.
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$12B BlackRock Wager Rattles ETH Provide, Nonetheless The Greatest Crypto To Purchase Now?
BlackRock has acquired greater than $12B value of ETH in simply 30 days, surpassing its BTC purchases by greater than 15X in the identical interval, signalling a robust institutional pivot to the altcoin king.
BlackRock ETH Holdings
BlackRock-controlled and managed iShares Ethereum Belief ETF (ETHA), launched in 2024, has already gathered $15B in belongings, highlighting its dedication to ETH’s long-term worth.
As a result of its proof-of-stake mannequin and EIP-1559 burn mechanism that completely removes ETH from circulation, its internet issuance has dropped to an all-time low in 2025.
Based mostly on the development on the 1-hour chart, ETH has exited the downtrend zone. Provided that it's the weekend, there are two attainable eventualities: 1. The worth will start to reverse path & begin uptrend 2. The worth will transfer sideways, ready for affirmation of the subsequent development pic.twitter.com/HoJ5C2RVFR
— Good Day Bray (@niceday0901) August 17, 2025
Now that BlackRock is on an ETH shopping for spree, provide is definitely going to tighten additional, decreasing liquidity and sparking value volatility.
Analysts predict that ETH might attain $5000 to $7000 in 2025, pushed by institutional demand and clogged-up provide.
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Monero Deposits Paused After 51% Assault
Kraken has paused Monero deposits after studies got here out {that a} single mining pool, Qubic, gained management of greater than 50% of the community’s hashing energy.
Qubic usually focuses on AI-related blockchain functions. Nevertheless, on this case, the mining pool claimed it reorganised six blocks on the Monero chain after a month-long effort to dominate its mining panorama.
They don't name Monero probably the most battle examined coin for no purpose.
The very fact it has survived a lot greater than every other coin is pure worth. Precisely what a digital financial community ought to do.
Monero will solely maintain getting higher. pic.twitter.com/zKMLsVYBlg
— ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ (@DontTraceMeBruh) August 16, 2025
This stage of management might doubtlessly enable for double-spending and censorship of transactions. Nevertheless, Monero builders have pushed again.
In accordance with them, a reorganisation doesn’t essentially indicate a profitable 51% connect. Quite the opposite, specialists have warned that the pool’s dominance might allow it to rewrite the blockchain and block rival miners.
This incident has sparked on-line debates over vulnerabilities concerning proof-of-work blockchain with concentrated mining energy.
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