We expect Bitcoin to trade between $105,000 and $115,000 and Ethereum between $4,000 and $4,700 this week, shaped by a mix of ETF flows, macro policy expectations, and shifting investor behavior.
The recent $523.3 million outflow from Bitcoin ETFs has temporarily weighed on BTC, but on-chain data shows declining exchange reserves, suggesting reduced selling pressure and potential for a recovery.
At the same time, whale portfolio rebalancing from BTC into ETH is fueling Ethereum’s momentum, supported by rising interest in its ecosystem and upcoming ETF prospects.
The macro backdrop also plays a key role, with the anticipation of a Federal Reserve rate cut in September strengthening risk-on sentiment, creating favorable conditions for digital assets.
Combined with the resilience of the altcoin market, these dynamics point to short-term volatility but an overall bullish outlook for the weeks ahead.
Institutional inflows remain a critical driver, and with both liquidity conditions and product innovation aligning, crypto markets appear positioned for continued growth.
Ryan Lee, Chief Analyst at Bitget
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