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On-chain data shows the 7-day average Bitcoin Hashrate has shot up to a new all-time high (ATH) despite network Difficulty being at a record level.

Bitcoin Mining Hashrate Has Seen A Sharp Increase Recently

The “Hashrate” refers to a Bitcoin indicator that keeps track of the total amount of computing power that the miners as a whole have connected to the BTC blockchain. The metric is useful for gauging the sentiment among these chain validators.

When the value of the Hashrate goes up, it means new miners are joining the network and/or old ones are expanding their farms. Such a trend implies BTC mining is looking profitable to this cohort.

On the other hand, the indicator witnessing a decline suggests some of the miners have decided to pull out of the chain, potentially because they are no longer able to pay off electricity bills.

Now, here is a chart from Blockchain.com that shows how the 7-day average Bitcoin Hashrate has changed over the past year:

Looks like the value of the metric has shot up in recent days | Source: Blockchain.com

As displayed in the above graph, the 7-day average Bitcoin Hashrate has seen a sharp surge recently and has set a new all-time high (ATH) of around 1.03 zettahashes per second (ZH/s). This increase in the metric has come as the price of the cryptocurrency has made some recovery.

Miners depend on the asset’s price for their revenue, so bullish price action allows them to expand. Though, while price conditions may have been favorable in the past week, another factor hasn’t been. Namely, the Difficulty.

The Difficulty is a feature built into the Bitcoin blockchain that controls how hard the miners would find their task of BTC mining on the network right now. This metric’s value automatically changes about every two weeks based on network conditions.

More specifically, the Difficulty adjusts according to whether the miners have been slower or faster than the network target rate of 10 minutes per block. The chain ups the metric if miners are going through the average block in less than 10 minutes, while it lowers it if the validators aren’t able to keep pace.

Prior to the latest adjustment, Bitcoin miners were aggressively expanding their Hashrate, becoming significantly faster than the network wants them to be. The chain responded with a notable Difficulty increase that took the metric to a new record of 136.04 terahashes, as data from CoinWarz shows.

The Difficulty adjustments that have occurred over the last three months | Source: CoinWarz

Difficulty increases can squeeze the revenue of the most vulnerable miners, so Hashrate often dips following them. And indeed, the same occurred after the latest adjustment as well, but the drop was temporary.

Thus, it would appear that the spike in Difficulty hasn’t been able to scare away the Bitcoin miners this time.

BTC Price

At the time of writing, Bitcoin is floating around $116,400, up almost 5% in the last seven days.

The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView

Featured image from Dall-E, CoinWarz.com, Blockchain.com, chart from TradingView.com

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Bitcoin breaks the long-term trendline: the familiar cycle signal

Veteran crypto analyst Cryptoelites recently revealed a very bullish perspective on Bitcoin’s recent price action. Analysis shows that Bitcoin has successfully broken beyond its chart’s important long-term trendlines, a movement that marks a major change in the market trajectory.

Following this breakout, Bitcoin has entered the consolidation phase. This pattern is particularly noteworthy as it reflects behavior seen in previous market cycles.

Such post-destruction integration has historically served as a precursor to a much larger price movement. Based on this historical precedent and current chart patterns, analysts are confident that a major movement is on the horizon.

BTC faces strong rejection in the key resistance zone

Despite the optimistic signal born from Bitcoin’s recent trendline breakout, not all analysts are sure the market is ready for a full-scale gathering. In a recent update, Alpha Crypto Signal noted that BTC is still facing strong rejection in the key horizontal resistance zone of the daily chart. This resistance continues to focus on price action and keeps the broader structure tilted towards a bearish attitude.

Analysts highlighted that upward movements from current levels are risky for a temporary recovery unless Bitcoin achieves a compelling breakout that surpasses ATH. In the analyst’s view, such a move can easily turn into “dead cat bounce.” This is a short-lived rally that cannot establish sustainable bullish momentum.

In addition to this note, Alpha Crypto Signal also expressed skepticism about the ongoing Altcoin Rally, describing it as a potential liquidity trap. Experts say market makers can use this surge to lure retailers into premature long positions before triggering their next major downward leg. This strategy is a recurring pattern in past cycles and should not be underestimated by market participants.

Still, Crypto analysts acknowledged that there are short-term opportunities. Experts emphasized that if traders adopt strict stop losses and maintain disciplined risk management, the longing bounce remains a viable strategy. Currently, the market is in the “trap realm”, demanding accuracy and attention, trading movements, but not being caught up in a setup designed to shake carelessness.

Ethereum approached a record high this week, and Fallout was cruel for anyone betting on it. Approximately $259 million in short positions were liquidated, with an additional longer position of $80 million. This adds over $340 million in crypto liquidation in just 24 hours. Ethereum alone made up more than half of that total.

FRD Tips Lights the Crypto Market

Meeting It wasn’t random. Comment from Federal Reserve Chairman Jerome Powell suggests that interest rate cuts could be on the horizon. trader I didn’t do it Please wait. Ethereum surged almost 15% on the news, temporarily rising above $4,842. that’s right Within the 2021 peak of 4,878 contact distance. The market was moving rapidly, and so was the liquidation.

Break

$200 million shorts got Rekt in an hour, including 112 million $ eth Just shorts.

The Bulls just torched the bear. This is how the aperture looks. pic.twitter.com/hzinzco0l9

– Dustybc Crypto (@thedustybc) August 22, 2025

The frenzy of liquidation controls the actions of the crypto

This wave of liquidation I didn’t do it Just hit Ethereum. The broader crypto market has wiped out derivative contracts over $668 million. However, Ethereum was the main driver. the It’s rare to see ETH lead this aggressively, but this week It wasn’t Continued Bitcoin Movement. It was setting the pace.

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Prices over 2021 are the highest ever. Then I’ll pull back

For a while, Ethereum looked ready to set up a new record. However, it slipped after temporarily pushing the 2021 high. At the time of reporting, the price was hovering around $4,773. that I didn’t do it It retains breakouts, but is close enough to remind traders of what momentum ETH can carry when the macro factors line up.

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Why is this more important than just numbers?

this it’s not Only about price. the About how much of a central bank language affects risky assets such as Crypto. One vague comment about future policy has turned the market over and erased hundreds of millions of open positions. In cryptography, the response to headings often exceeds the basics. This week was a textbook case.

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What to see next

Ethereum I didn’t do it It breaks through that ceiling quite a bit, the Now sitting under a level that could cause another level Selection subject Move. If it exceeds the old height, there is It could gain momentum in the next quarter. If not, expect a reset and more volatility as traders are relocated. The Fed uses the edge of play and market, no one I’m still relaxing.

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Michael Saylor, a vocal Bitcoin evangelist and executive chairman of the Strategy BTC giant, has taken to his official social media account to convey another important message to the global crypto community.

His tweet hints at his firm, ultra-bullish belief in the long-term potential of Bitcoin and could even hint at an upcoming price surge. It is obvious that Saylor is looking forward to a new all-time high of this digital commodity.

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Saylor’s “Beyond the Horizon” prediction

As usual, Michael Saylor has posted an AI-made image of himself. This time, he looks like a pioneer who came to America and is now driving his cart with horses to the horizon in search of a better life, land for farming, cattle, etc.

The caption states exactly this: “Beyond the Horizon”, where the B is depicted with four vertical strokes, symbolizing Bitcoin. Sort of like the $ sign for the US dollar.

A hint at a new ATH coming?

The world’s bellwether crypto, Bitcoin, has seen several all-time price highs this year already. The first one took place on January 20, the day of Donald Trump’s inauguration. Then was an ATH in March, June, etc. The most recent one was marked at $124,457 on August 14.

Currently, Bitcoin is changing hands at $112,247 – almost 10% from the recent historic price peak.

The ATHs were reached despite the Federal Reserve chairman, Jerome Powell, refusing to slash the interest rates for fear of inflation growing strong again. However, this month the CPI came out below expectations and many began to anticipate that in September, the Fed Reserve would finally do that interest rate cut many are looking forward to.

Still, Saylor’s Bitcoin treasury firm, Strategy, has been accumulating BTC regardless of the price – both on dips and highs. This week, on Monday, Saylor announced another acquisition as Strategy added 430 Bitcoins worth $51 million to its stash. Now, the company holds a total of 629,376 BTC valued at $70,625,239,027.

Despite the negative market trend faced by the crypto ecosystem over the past days, Ethereum has continued to make waves in key metrics. 

On August 20, the second-largest cryptocurrency by market capitalization set a new record on the leading Chicago Mercantile Exchange (CME), according to data provided by Maartunn, a community analyst at CryptoQuant.

According to the source, over 14,250,000 ETH worth about $8.3 billion was committed in active futures contracts on the exchange, marking the highest level of open interest ever recorded for ETH derivatives on CME.

Ethereum OI surges despite price slump

This major milestone is coming at a time when the broad crypto market is facing massive price losses, with the prices of leading cryptocurrencies including Bitcoin and top altcoins returning to bare lows. Ethereum also had its share of the downtrend, with its price falling significantly below key resistance levels.

However, Ethereum has broken major grounds in open interest despite the declining momentum. The surge in Ethereum’s OI despite the negative sentiment is largely attributable to the spike in institutional engagements.

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During the period, institutions and large ETH holders have shown resilience in accumulating large amounts of ETH, with spot Ethereum ETFs consistently recording daily inflows despite ETH’s price slump.

While Ethereum’s open interest in CME has remained consistently on the high side since the beginning of 2025, institutions and high-profile investors appear to have continuously opened ETH futures as efforts to boost its future price actions while maximizing gains.

Ethereum flips positive

Following this major milestone achieved on CME, Ethereum has seen a sudden reversal in its price amid a broad crypto market resurgence witnessed during the late hours of the day.

While rising open interest has often preceded sharp price movements, as leveraged positions historically spark both rallies and corrections, investors’ interests appear to have been restored.

Notably, speculations suggest that the surge in ETH’s OI on CME, which appears to have been triggered by new institutional positions on the exchange, may have fueled the fresh momentum as Ethereum retraces back above $4,300.

Amid the sudden shift in market sentiment, Ethereum has seen its price reflect an increase of 4.09% over the last day, with its price currently sitting at $4,326 according to data provided by CoinMarketCap.

Ethereum’s rally was just 1.94% below its November 2021 history high of $4,878 before sellers forced a pullback. Currently, Eth USD is trading nearly $4,450 and has retreated after a +29% rise in the last 30 days.

The inability to break through resistance underscores the technical overhang that continues to hold back the upward momentum despite the institutional flow continuing to be the dominant driver of short-term performance.

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The ETF inflow was crushed eight days later after a $3.7 billion win streak – is there an ETH USD leak here?

The rejection coincided with the first net leak from a US spot ether ETF in nine trading sessions.

Farside data shows $59.3 million left the product on Friday, ending an eight-day streak that raised $3.7 billion in BlackRock’s Eta, Fidelity’s Festival and Grayscale’s Ethereum Mini Trust.

(sauce)

Since its launch in July 2024, Spot Ether ETF has raised $12.688 billion in cumulative flows, but the end of the inflow streak introduces new data points for traders considering rally durability. https://cointelegraph.com/news/ether-etf-ustflow-day-inflow-streak-billions-mions-price predictions

ETF flow has become one of the most reliable proxies in ETH for facility positioning. Analysts note that sustained influx is important to tackle the $4,878 ATH ceiling.

Standard Chartered raised its year-end ETH target to $7,500 this week. This is subject to continued strong net ETF demand.

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USD sentiment in reversal of Sharplink loss compounds

https://www.youtube.com/watch?v=uw7qaka7nls

Flow inversion is the shadow of the weak revenue prints of Sharplink Gaming, the second largest Ethereum digital asset financing company.

The company reported a net loss of $133.4 million in the second quarter, causing the stock market to panic, causing a -15% decline in stock.

The approximately $87.8 million hit was marked at a quarterly low price of $2,300 from the non-cash damage fees associated with liquid-stained ETH.

Sharplink’s 728,804 ETH Holdings is now worth more than $3.3 billion, but accounting amplified headline losses and more broadly suppressed sentiment around the Ethereum Treasury.

The confluence of failed breakouts, ETF spills, and sudden paper losses of major financial owners reinforces the importance of institutional demand and accounting in setting up the narrative of near ETH USD, rather than retail markets.

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Ethereum ETFS vs. Treasury accumulation: What drives ETH USD prices?

The ETF reversal highlights the vulnerability of momentum when vehicles within the facility suspend purchases.

But under the surface, the corporate Ethereum Treasury accumulation remains a strong counterweight.

The $103 million loss in Sharplink headline obscured the 728,804 ETH position, now worth $3.3 billion, has been steadily worsened by stakeholder rewards.

With its current yield of 3.4%, Sharplink has already booked more than 1,300 ETH this year with rewards, an organic influx that mitigates the valuation shock.

Other treasury companies have quietly expanded their exposure with BTCS Inc. and Defi Development Corp. adding reserves in the second quarter.

The block estimates that public companies holding ETH have a cumulative market capitalization of more than $10 billion, marking Ethereum’s arrival as a financial asset class in itself.

This is structurally important. ETF demand is flow-driven and responsive to emotions, but Treasury allocations are sticky, repeated, and often tied to behavioral models on Defi infrastructure, games, or tokenized yield platforms.

While ETF outflows highlight short-term sentiments, parallel growth in the Treasury balance sheet shows a strategic layer of demand that is not sensitive to everyday price fluctuations

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ETH USD price analysis: Where does Ethereum prices go from here?

As ETHD is reeling out of rejection of the ATH resistance, Ethereum is currently trading at a market price of $4,397 (representing a 24-hour change of -0.95%).

After losing more scaffolding around $4,490, it appears ETH USD price action will likely test historic support low at a price level of $4,115.

(ethusd)

To bolster this case, the steadily rising 20DMA appears to be intended to converge with this low level of support in the coming days. In particular, 20DMA support has not been tested by ETH USD for 10 days. In other words, there was no moving average support for ETF influx over the past 8 days.

Successful integration at this level appears likely to trigger a second retest of the ATH resistor this week. After all, prices are rarely rejected entirely from the initial resistance test.

Such a move is enhanced by confidence from a decrease in RSI. The RSI has been overheating with strong bear signals for several days.

ETH USD could be caught with established support of about $3,750 if a failure occurs.

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US-listed spot Ethereum exchange-traded funds (ETFs) notched another historic performance on Aug. 13, attracting more than $729 million in daily inflows.

This marks the nine funds seventh consecutive day of positive flows and their second-largest single-day haul since launching last year.

Notably, the achievement comes just two days after the Aug. 11 record, when inflows topped $1.02 billion.

BlackRock’s ETHA lead inflow

According to SoSo Value data, BlackRock’s ETHA led the charge with $500.9 million, followed by Fidelity’s FETH, which attracted $154.7 million. Meanwhile, Grayscale’s ETH and ETHE ETFs recorded $51.34 million and $7.83 million in inflows, respectively.

Other products, including Bitwise and Franklin Templeton ETFs, added a combined $14 million, while the remaining three ETFs showed no activity on the day.

Nate Geraci, President of NovaDius Wealth, highlighted the recent momentum by pointing out that three of the top six inflow days since launch have occurred this week.

He added that investors have injected $3 billion over the past seven trading sessions.

Ethereum ETFs flow fuel drive towards ATH

The surge in ETF inflows has coincided with a strong upward move in Ethereum’s price.

According to Geraci, these consistent ETF inflows challenge the narrative that these products merely served as exit liquidity. He pointed out that ETH’s price at the time of spot ETF launch in July 2024 stood at $3,500, compared with today’s $4,700.

According to CryptoSlate’s data, ETH is trading around $4,726 at press time, reflecting a 27% rally over the past seven days and more than 50% growth over the last month.

Despite this momentum, ETH remains roughly 2.75% below its all-time high of $4,864, set in November 2021.

Meanwhile, OKX US CEO Roshan Robert told CryptoSlate that Ethereum’s robust fundamentals are also driving the digital asset’s current upward momentum.

He noted that the ETF inflows are being complemented by record on-chain activity and growing staking participation, with over 36 million ETH, nearly one-third of supply, now locked.

According to him, this reduced float and surging demand for both spot ETH and staking products could set the stage for further price gains.

He added:

“The next chapter for ETH is whether Ethereum-led infrastructure can sustain and accelerate as ETF adoption grows and on-chain activity hits new records.”

Mentioned in this article

Ethereum Positive/Negative Sentiment Still At Muted Levels

In a new post on X, analytics firm Santiment has talked about the sentiment around Ethereum that’s present among social media users. The indicator shared by Santiment is the “Positive/Negative Sentiment,” which tells us how the positive and negative comments related to ETH compare against each other on the major social media platforms.

The metric separates between the two types of comments by putting users’ posts/threads/messages through a machine-learning model. Once they have been divided, it counts up the number of each and takes the ratio between them.

Below is the chart shared by the analytics firm that shows the trend in the Ethereum Positive/Negative Sentiment over the last few months:

As displayed in the graph, the Ethereum Positive/Negative Sentiment interestingly witnessed a plunge as the asset’s breakout earlier in the month took place. This would suggest that social media users weren’t convinced by the rally. The continuation in the run since then has meant that the sentiment has improved a bit, but it still remains much lower than the high from last month. Thus, it seems retail is in disbelief, despite the fact that the cryptocurrency is nearing its all-time high (ATH).

If the past is anything to go by, this fact could actually be a positive signal for ETH. “Prices historically movein  the opposite direction of retail traders’ expectations,” says Santiment. The analytics firm has highlighted in the chart some instances of this trend in action. It would appear that FOMO spikes led to price drops for the asset, while excessive FUD resulted in price rises.

“With key stakeholders accumulating loose coins that small ETH traders are willing to part with right now, prices are showing very little sentiment resistance from breaking through and making history in the near future,” explains Santiment.

In some other news, the Ethereum Futures Open Interest has shot up alongside the price surge, as analytics firm Glassnode has pointed out in an X post.

The Futures Open Interest measures, as its name suggests, the total amount of futures-related positions that are currently open on all centralized derivatives exchanges. From the chart, it’s visible that the metric has climbed beyond the $35.5 billion mark, which is a new record.

ETH Price

Following a rally of over 7% in the last 24 hours, Ethereum has reached the $4,730 mark, now sitting within touching distance of the ATH.