Overview

• Eric Trump tweeted “₿uy the dips!!! $BTC $ETH” on August 2, urging investors to capitalize on the recent market pullback.
• Renewed US tariff measures and slower July hiring have driven Bitcoin toward $113,500 and pushed Ethereum down to roughly $3,500.
• Spot Bitcoin ETFs saw outflows of about $810 million in a single session while Ethereum-focused funds lost $152 million, reversing prior inflows.
• On-chain data shows significant selling by major holders, including a $13 million token move by BitMEX co-founder Arthur Hayes.
• Trump based his bullish stance on macro factors like global M2 money supply growth and his family’s ventures that hold substantial crypto positions.