Key points:

• Bitcoin traders reveal the key BTC price points for a bullish recovery.

• The risk of a “double top” for price remains, with $102,000 on the radar should support fail.

• The Bitcoin bull market does not have much time left — if history is a guide.

Bitcoin (BTC) neared $113,000 after Wednesday’s Wall Street open as buyers sought to cement a market bounce.

BTC price outlook hinges on $112,000

Data from Cointelegraph Markets Pro and TradingView showed local highs of $112,646 on Bitstamp.

Now up over $3,000 from multiweek lows seen the day prior, BTC/USD continued to split opinions over where it might head next.

“$BTC has reclaimed its EMA-100 level,” popular trader BitBull wrote in a post on X, referring to the 100-day exponential moving average at $110,850. 

“This has been very crucial for bottom formation, and for now bulls are still in control. If BTC holds this level, I wouldn’t be surprised to see a rally towards $116K-$117K level.”

While maintaining a bearish bias, fellow trader Roman, who this week called time on the Bitcoin bull market entirely, emphasized the importance of the $112,000 mark.

“Looks like a breakdown & bearish retest for now. If 112k support is truly lost, 102k support should be next. Also looks like a double top is confirming here,” he told X followers on the day. 

“I expect lower over the next few days – unless we completely regain 112k support.”

Popular trader and analyst Rekt Capital, meanwhile, reiterated similarities between the current BTC price pullback and previous bull markets.

“History doesn’t always repeat but it often rhymes,” he summarized, confirming that price had entered its second “price discovery correction.”

“Bitcoin ended up rallying into new All Time Highs by Week 6 before transitioning into Price Discovery Correction 2. History suggests this pullback will likely be shallower & shorter than past ones.”

Is time running out for the bull market?

Debate also centered around the longevity of the bull market, with market participants similarly torn over how long it might last.

Related: Bitcoin can still hit $160K by Christmas with ‘average’ Q4 comeback

For Rekt Capital, history demands that October form the deadline for a bearish trend change.

The previous bull market lasted 152 weeks

That’s ~1064 days

Almost 3 years

We are already 144 weeks into this Bull Market$BTC #Crypto #Bitcoin

— Rekt Capital (@rektcapital) August 27, 2025

This contrasts hopes that the next Bitcoin bear market is still years off — a view put forward by David Bailey, the dedicated Bitcoin adviser to US President Donald Trump.

“There’s not going to be another Bitcoin bear market for several years,” Bailey argued on X at the weekend, pointing to institutionalization of BTC as an asset.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Key takeaways:

• High network activity and a record stablecoin supply signal strong demand.

• Traders expect ETH to rally to all-time highs once $4,000 is broken. 

Ether’s (ETH) price reclaimed the $3,800 level after dropping to $3,700 during the early Asian trading hours on Tuesday. Market analysts pointed to key data metrics that suggest that “ETH is ready to explode” to new all-time highs.

Ethereum open interest at record highs

Ether futures open interest (IO) hit a record high of $58 billion on Tuesday, indicating increased market participation and new money flowing into ETH futures contracts.

Aggregate OI in Ether futures has more than doubled since June 22, up 10% over the last two days. For context, three months earlier, on April 29, Ether’s OI was $20.75 billion when the price hovered around $1,800. Additionally, when Ether traded around $4,000 in December 2024, ETH futures open interest was only $31.5 billion.

Related: Evolving ETH futures data hints a potential rally to $5K

This metric just hit new record highs, suggesting increased demand for leveraged ETH positions.

“Open Interest just hit a new all-time high. The price is climbing. Leverage is stacking,” said crypto trader Merlijn The Trader in response, adding:

“This isn’t a normal breakout, it’s fuel for a vertical move. If you’re waiting for confirmation, this is the confirmation.”

ETH OI dominance has also “climbed to nearly 40%,” its highest in over two years, Glassnode wrote in part to a Tuesday post on X. 

“This marks a clear shift in speculative focus, with capital rotating from $BTCto $ETH at the margin.”

#Ethereum open interest dominance has climbed to nearly 40%, its highest level since April 2023. Only 5% of days have seen a higher reading. This marks a clear shift in speculative focus, with capital rotating from $BTC to $ETH at the margin. pic.twitter.com/yNKLe9gJKt

— glassnode (@glassnode) July 29, 2025

Network activity is “through the roof”

Ethereum’s network activity continues to show strength, with active addresses increasing by 7.2% over the last 30 days, according to Nansen data. The average monthly transaction count has also increased by 16% over the same period to 43.3 million.

The weekly DEX volume also hit a 4-month high of $22.6 billion, according to DefiLlama, while the weekly App revenue hit a 6-month high of $89.8 million.

Stablecoin supply also reached an all-time high of $132.5 billion on Tuesday, signaling increased liquidity and demand. 

“Ethereum network activity is going through the roof,” said popular analyst Elja in response to these onchain metrics, adding:

“This means $ETH new ATH is just a matter of time.”

Analysts expect Ether’s “extended rally”

Data from Cointelegraph Markets Pro and TradingView shows ETH trading around $3,800, up 6% over the last seven days. 

As Cointelegraph reported, breaking $4,000 is key to ETH’s upside potential and sets the stage for a possible rally to new all-time highs.

“$ETH Slowly creeping its way up to those cycle highs,” Daan Crypto Trades said in his latest Ether analysis on X. 

The trader was referring to the $4,000 resistance, which has rejected the price multiple times since February 2024.

Daan Crypto Trades explained that it would be” healthier” for ETH to consolidate below this level before breaking, as the rally has been sudden already.

“That way, it gives more room for a larger leg up afterwards. But either way, keep an eye out for that $4K-$4.1K region.”

According to market analysts Bitcoinsensus, ETH is ”ready to explode to the upside” as it shows strength for a breakout, above a multi-year trendline.

“With enough momentum, the breakout could lead to much higher prices for Ethereum in the upcoming phase of this cycle,” they added.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Ethereum (ETH) has surged 7.5% in the daily timeframe to break above a key resistance level for the first time in weeks. Following its breakout, some analysts forecasted that a retest of the range highs could be around the corner.

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Ethereum Reclaims Crucial Area

On Wednesday, Ethereum jumped over 7% from its local low to the $2,550 mark, setting the stage to reclaim another crucial resistance. The King of Altcoins climbed from the $2,380 support to the $2,585 area, hitting a two-week high.

The cryptocurrency has been trading between the $2,400-$2,800 price range since the early May breakout, but briefly lost this area after failing to hold the $2,550 support two weeks ago.

After recovering its local range, ETH struggled to break past the $2,500 barrier, trading between the range low and this resistance for a week. Nonetheless, today’s market recovery, which also saw Bitcoin jump to the $109,600 mark, has sparked bullish sentiment among investors.

Amid today’s performance, Daan Crypto Trades called ETH’s price action a “nice move out of the local range.” However, he suggested that bulls must hold the $2,520 area to confirm it isn’t another deviation or liquidity grab in a “bigger chop.”

To the trader, failing to hold this area would send the cryptocurrency to the range lows again. As a result, the major levels to watch remain the $2,310 support and $2,735 resistance.

Market watcher Merlijn The Trader noted that Ethereum has “respected support every single time,” forming “one of the cleanest breakouts we’ve ever seen.”

He highlighted a three-month ascending triangle in ETH’s chart, pointing out that the King of Altcoins bounced from the rising support line during the recent price deviation and now targets the next key resistance around the $2,700 mark.

Ethereum is charging up. Higher lows, strong base, bullish MACD crossover. A clean break of $2,700… and ETH will fly. $3,000 is just the beginning. The real move comes after that.

ETH To Repeat ATH Set Up?

Merlijn also affirmed that ETH’s two-year setup is repeating, which could signal that a massive breakout is coming. According to the chart, the Ethereum price has moved in stages that last about two years since 2018.

During the first stage, the cryptocurrency’s price forms a base, which later leads to the second stage, where the price rejects and retests the base lows. Lastly, Ethereum experiences the liftoff phase, where the price breaks out to new highs.

The last liftoff phase, between 2020 and 2022, saw ETH surge from the $100 mark to its $4,878 all-time high (ATH). To the trader, “This time we start from $1,500. Not a dip. A launchpad.”

Similarly, analyst Kaleo pointed out the structural resemblance between ETH’s performance this cycle and last cycle. He noted that, while BTC hit a new ATH in December 2020, Ethereum was 60% down from its previous cycle highs, leading many investors to suggest it was “dead.”

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Nonetheless, ETH climbed over 800% from there, outperforming Bitcoin’s 250% increase in the following months. This time, the cryptocurrency has also seen up to a 68% retrace from its previous ATH, while BTC soared to new highs. If history repeats, “The bottom for ETH is in. Up only from here,” the analyst concluded.

As of this writing, Ethereum is trading at $2,568, a 6.1% increase in the weekly timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum has bounced back sharply, reclaiming the $2,400 level after a volatile week marked by geopolitical tensions in the Middle East. Last weekend, ETH briefly dipped below the $2,200 mark as panic selling swept across global markets following US attacks on Iranian nuclear facilities. The sell-off triggered a sharp fakeout that briefly pushed ETH out of its multi-week trading range. However, bulls are regaining control, and Ethereum’s price action now signals the early stages of a potential recovery rally.

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Top analyst Ted Pillows shared a technical analysis highlighting that Ethereum is reclaiming the key $2,444 resistance level — a zone that previously acted as both support and resistance throughout May and June. If bulls maintain momentum above this threshold, it could open the door for a bullish continuation toward the higher end of the established range.

While uncertainty remains due to lingering macroeconomic and geopolitical risks, Ethereum’s current structure shows renewed strength. Market participants are watching closely, as ETH often serves as a leading indicator for broader altcoin performance. Holding above $2,400 could become a catalyst for a broader rally, especially if Bitcoin continues to stabilize and approach new all-time highs.

Ethereum Battles For Breakout As Market Awaits Direction

Ethereum is trading at a critical juncture after a turbulent week of price action driven by geopolitical instability and macroeconomic uncertainty. Following a sharp drop below $2,200 amid panic selling over the Middle East conflict escalation, ETH has recovered significantly, now hovering around the $2,444 level. This price zone is key, not only as a technical resistance but also as a sentiment marker for traders watching for signs of a trend reversal or confirmation of a deeper pullback.

Analysts remain divided on what comes next. Some believe Ethereum’s recent recovery could signal the beginning of a bullish continuation, especially if price action holds and pushes above the upper range levels near $2,600. A breakout from this zone would indicate renewed strength and could set the tone for a broader altcoin rally, particularly as Ethereum often leads sector momentum. Others, however, warn that the recovery might be short-lived, and a retreat to lower demand zones could occur if macro conditions worsen.

Ted Pillows notes that Ethereum is currently reclaiming the $2,444 resistance level. He emphasizes that bullish continuation into the range highs is necessary to confirm breakout strength. Until then, traders are watching closely, as any rejection at this level could shift momentum back to the downside. With global tensions and monetary tightening from central banks continuing to influence markets, the coming weeks may determine whether ETH enters a new uptrend or retreats further into its long-standing consolidation range.

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ETH Faces Long-Term Resistance

The weekly chart of Ethereum (ETH/USD) shows a strong recovery from the $2,189 low, with ETH currently trading at $2,463 — a 10.5% gain so far this week. This sharp bounce comes after a fakeout below the $2,200 level and suggests renewed buying pressure following recent geopolitical volatility. However, price is now testing a major confluence zone formed by the 50-week ($2,660), 100-week ($2,625), and 200-week ($2,437) simple moving averages.

This cluster of moving averages is acting as resistance, capping ETH’s upside momentum. Historically, when Ethereum breaks through these long-term trend lines, a significant trend continuation follows. But for now, bulls must decisively clear this $2,450–$2,660 zone to confirm a breakout and open the door toward the $3,000 psychological level.

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Volume has slightly increased, indicating rising interest, but the rejection wicks from prior weekly candles suggest the market remains indecisive. As long as ETH holds above the 200-week SMA ($2,437), the structure remains constructive, but a breakdown below it would likely reintroduce bearish sentiment.

Featured image from Dall-E, chart from TradingView

Chainlink (LINK) is up 21% from its Sunday lows, gaining momentum in an otherwise uncertain macro and geopolitical environment. While global tensions continue to spark volatility across markets, Chainlink has stood out for its resilience, supported by a series of strong partnerships and growing on-chain fundamentals. The recent price action signals a potential shift in trend, but analysts warn that a confirmed breakout is still needed before bulls can fully take over.

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Top analyst Henry Lord of Alts highlighted that LINK has endured months of persistent downtrend and unusually quiet price behavior. However, recent moves suggest that something is changing beneath the surface. Volume is increasing, volatility is picking up, and LINK is forming a base structure that could mark the end of its accumulation phase.

Despite this strength, Chainlink remains technically locked within a consolidation range. A clean breakout above key resistance levels will be critical to trigger the next phase of upward momentum. Until then, traders are cautiously optimistic as LINK teases a larger move.

Chainlink Prepares For A Decisive Move

Chainlink is currently trading over 25% below its May high, reflecting the broader market impact of rising macroeconomic uncertainty and geopolitical tensions, especially the recent Middle East conflicts. Despite these pressures, LINK has managed to hold within a steady consolidation range, signaling resilience as the crypto market awaits its next decisive move.

Maintaining prices above current levels is crucial. A breakdown here could open the door for deeper corrections. However, analyst Henry believes the tides may be turning. According to Henry, Chainlink has endured months of downtrend and silence, but a structural shift is now underway. His analysis highlights that the long-standing downtrend has been broken, and LINK has entered a clear accumulation and consolidation phase.

“These zones often come before the loudest moves,” Henry notes. Historically, such phases have preceded explosive rallies, and this time may be no different. If momentum picks up, a breakout toward the $25–$30 range wouldn’t be surprising.

Henry also points out that periods of inactivity often mask the actions of smart money—buying quietly before the broader market catches on. While it’s easy to overlook assets during calm phases, that’s often when the groundwork for major moves is laid. For now, Chainlink remains on watch.

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LINK Price Analysis: Signs of Reversal Emerge

Chainlink is showing early signs of a trend reversal after months of consistent decline. As seen in the 12-hour chart, LINK recently rebounded from the $11.50 level and is now trading above $13.20. This recovery follows a steep drop that marked a new local low, but the bounce has pushed the price above the 50-day simple moving average (SMA), now acting as short-term support at $13.50.

Importantly, LINK is now testing the 100-day SMA (around $14.65), which previously served as resistance in late May and early June. If bulls manage to break and consolidate above this level, the next target lies near the 200-day SMA at $14.16—a confluence zone that may act as a critical decision point for trend continuation or rejection.

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While the macro structure remains bearish, this short-term accumulation range suggests growing demand, especially as the price begins to form higher lows. A clear break above $14.65 with volume could confirm the breakout and signal the start of a larger move toward the $17–$18 range.

Featured image from Dall-E, chart from TradingView

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

As Asia begins the trading week, bitcoin {{BTC}} is trading above $100,500 as the initial volatility from news over the weekend that the U.S. struck some of Iran’s nuclear facilities begins to subside.

While prices briefly dipped below six figures on Sunday in a risk-off reaction, markets have since stabilized. Equity futures are flat, and gold is up only marginally, suggesting that traders are not yet pricing in a broader escalation.

The lack of follow-through in traditional markets may reflect expectations that Iran’s response will be contained or delayed, rather than immediate and destabilizing.

Crude oil is holding its gains near $76 per barrel after spiking nearly 4% Sunday evening on fears that Iran could block the Strait of Hormuz, a key chokepoint for global oil shipments. Still, commentary from U.S. officials and muted early-week trading suggest that investors remain in a wait-and-see mode.

In crypto markets, altcoins that had mirrored BTC’s weekend drop, like ether

, XRP , and solana’s SOL , are also clawing back losses.

For now, the market appears to be treating the U.S.-Iran clash as a geopolitical flashpoint, not a structural break.

OKX Considering U.S. IPO: Report

Crypto exchange OKX is considering a public listing in the U.S., according to a report from The Information.

Earlier this year, the exchange announced a U.S. expansion after settling with the Department of Justice over accusations that it operated in the country without a money transmitter license.

Among other crypto-linked companies, Bullish, a competitor to OKX and the parent company of CoinDesk, is also said to be considering an IPO given investors’ appetite for companies with exposure to digital assets.

OKX told CoinDesk it had no comment on the matter.

Polymarket Bettors Less Certain About Second U.S. Strike on Iran

Polymarket bettors are cooling to the idea that the U.S will hit Iran a second time before the end of the month.

The ‘yes’ side of a contract asking if the U.S. will conduct another military action on Iran by June 30 is now trading at 54%, from 74% in the hours after the initial strike on Iranian nuclear sites.

There appears to be a growing market belief that deconfliction – on both sides – is on the agenda, as evidenced by another contract asking bettors about the likelihood of Iran closing the Strait of Hormuz, which is currently trading at 49% down from 52%.

Market Movements:

• BTC: Bitcoin rebounded to $101,419 after a volatile 4.5% intraday swing, finding strong support at $99,000 amid geopolitical tensions and surging institutional buying interest, according to CoinDesk Research’s technical analysis data.
• ETH: Ethereum fell 2.3% to $2,237 amid U.S.-Iran tensions, breaking a six-week consolidation pattern despite over $500 million in institutional accumulation.
• Gold: Bank of America analysts predict gold could hit $4,000 an ounce within a year, an 18% jump, driven less by geopolitical tensions and more by mounting U.S. fiscal debt and a global shift by central banks away from the dollar toward gold.
• Nikkei 225: Asia-Pacific markets fell Monday as the U.S. strikes on Iranian nuclear sites fueled oil price spikes and fears of broader Middle East escalation, with Japan’s Nikkei 225 down 0.56%.

Elsewhere in Crypto:

Despite this climb, Bitcoin remains roughly 8.4% % below its all-time high of $109,000 reached in January 2025, highlighting room for further upside if buying interest persists.

Buy-Side Pressure Mounts as Key Metric Hits Bullish Threshold

A CryptoQuant analyst has reported that the Taker Buy-Sell Ratio on Binance, which reflects the level of aggressive buying versus selling, is currently trending upward. Crazzyblockk highlighted key insights into this trend and what it may signal for Bitcoin’s price trajectory.

According to the post titled “Binance Taker Buy-Sell Ratio – Your Smart Money Radar,” the ratio currently stands at 1.131, suggesting a dominant presence of market buyers over sellers. The seven-day average has trended up to 1.045, while the 30-day average shows a 12.1% surge.

These readings signal bullish sentiment, although the associated z-score of 2.45 suggests that market conditions may be approaching short-term overbought levels.

Crazzyblockk notes that Binance remains one of the most reliable platforms for gauging sentiment due to its deep liquidity and trading volume. The platform’s scale provides an accurate reflection of institutional and high-volume trader behavior.

The analysis suggests that if the taker ratio stays above 1.1 and Bitcoin sustains the $99,000 level, bullish continuation is likely. However, a dip below 1.05 could hint at profit-taking and potential consolidation. The elevated price volatility also provides opportunities for short-term traders looking to capitalize on market swings.

Bitcoin New Whales Reshape Ownership Dynamics in 2025

In a separate analysis, CryptoQuant contributor OnChainSchool has observed notable changes in the makeup of Bitcoin’s largest holders. Using on-chain data, the analyst identified a substantial increase in the number of wallets holding more than 1,000 BTC with coins aged less than 155 days, typically considered new whales.

The ratio of new to old whales has risen from 0.16 to 0.28 this year, marking a 75.6% increase in their relative presence. These new wallets have collectively added over 430,000 BTC to their holdings, while older whales have trimmed their exposure by around 24,000 BTC.

Despite the dynamic nature of wallet categorization, where new whales age out after 155 days, the upward trend in balances points to an influx of capital from newer, high-value investors.

Interestingly, this coincides with the recent report of an all-time high recorded in Bitcoin’s realized cap, which signals growing confidence in BTC among holders.

Bitcoin Breaks Realized Cap All-Time High for the Third Consecutive Week

“This pattern reflects growing confidence among both Long-Term Holders and Short-Term Holders, who are strengthening their positions as the market shows signs of recovery.” – By @oro_crypto pic.twitter.com/rQoWq1zqHy

— CryptoQuant.com (@cryptoquant_com) May 8, 2025

Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price recovered above $82,000 Friday following a decline below $75,000 in the past few days, as investors with large wallets purchased more of the digital asset. Market trends indicate wallets between 1,000 and 10,000 Bitcoin are expanding at a rate higher than the 30-day average, reports CryptoQuant.

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Large Investors Display High Confidence In Bitcoin

The rise in the number of large crypto holders indicates rising confidence in the future of the cryptocurrency. These investors, usually not exchanges or mining pools, are important in maintaining the value of Bitcoin. Their increasing interest comes as Bitcoin’s market capitalization hits $1.58 trillion, with dominance over other cryptocurrencies at more than 60%.

Bitcoin recently hit $83,400 before correcting slightly to settle above $80,000. The increase in these high wallet balances is consistent with Bitcoin’s recent price gains, indicating market strength despite external pressures.

Large investor demand for Bitcoin is accelerating.

Balances of wallets holding 1K–10K BTC rising faster than their 30-day average.

Typically bullish, signals strong investor confidence. pic.twitter.com/hR5Rumj6A6

— CryptoQuant.com (@cryptoquant_com) April 10, 2025

Analysts Look To Price Gap Patterns For Future Projections

Some market observers have offered their predictions on what direction the top digital asset may take next. An X (formerly Twitter) analyst by the name of Enzy Bitcoin says that Bitcoin usually goes up after the filling up of price gaps. The analyst mentioned the latest gap between $70,000 and $75,000, that Bitcoin may reach $130,000 in the near future based on historical trends.

Source: CryptoQuant

Another analyst, BitBull, equated Bitcoin’s stability to recent volatility in US stock markets. As the traditional markets have grappled with volatility, Bitcoin has remained firm above $80,000. Prices below $100,000 may still be acceptable entry points for investors, some experts say.

BTC Long-Term Target Extremely Positive

Looking further down the road, other market observers posted a very favorable prognosis for Bitcoin’s future only recently, emphasizing the significance of being cognizant of market cycles, particularly during pricing fluctuations like when in a bear trap.

The analysts’ projection reads as unusually bullish, that perhaps Bitcoin may get to a whopping $250,000 price tag. This vision also predicts meaningful growth for major alternative cryptocurrencies.

Market Cap Hits $1.58 Trillion While Recovery Keeps Momentum

The latest price bounceback of the flagship crypto has taken its aggregate market value to $1.58 trillion when this report was made. This follows its appreciation by over $8,000 from recent lows, demonstrating the capability of the cryptocurrency to bounce back quickly from temporary declines.

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The market dominance of the cryptocurrency has also grown, currently standing at over 60% of the total crypto market capitalization. The dominance indicates that Bitcoin is the most popular cryptocurrency and continues to attract investors who desire growth as well as a store of value.

Although Bitcoin failed to sustain its short surge to $83,500, sustaining above $81,000 demonstrates resilience in the prevailing market environment. The fact that the buying continues from whales indicates that such investors believe prices will continue rising in the months ahead.

Featured image from BetaNews, chart from TradingView