Overview
- Bitcoin has slipped to around $114,000 following its inability to overcome the $115,000 level, extending a roughly 4%–7% pullback from mid-July highs.
- ETF inflows have resumed with $18.7 million reported by Bitwise, but erratic institutional demand has done little to sustain a broader rally.
- On-chain data shows persistent negative exchange netflows and more than 56 million whale trades on Binance, signaling concentrated large-scale accumulation.
- Ethereum outpaced other majors by breaking above the $3,600 mark to reach $3,650, reflecting stronger technical momentum.
- Ripple’s XRP is forming bullish fractals above $2.47, prompting analyst forecasts of a potential 70% rally if key support holds.