Evening Brief — Ethereum Leads, Bitcoin Eyes Breakouts
“Bitcoin Breaks Records, Ethereum Steals the Show — Bulls in Full Control”
Folks, it’s been a wild day of price action but remember, the parabolic phase is just starting to heat up and Altcoin season is right on its heels…. #LFG!
"Small daily improvements over time lead to stunning results." — Robin Sharma
Bitcoin: Macro Tailwinds, Big Targets
Bitcoin spent the day trading with a bullish lean as macro forces aligned. A hotter rate-cut probability—now at 94% after the latest CPI print—has traders targeting $137K, with some noting pivotal resistance near $126K. Macro narratives are loud: a record $37T U.S. debt load and rapid M2 money supply growth are cited as fuel for a run toward $132K, while a new long-term model boldly projects $10M BTC by 2031 and $20M by 2035.
Institutional signals are strong. Coinbase reports 75% of BTC volume from institutions, Norway’s sovereign wealth fund now has indirect exposure to 7,161 BTC worth over $1B, and asset manager Choreo disclosed its first Bitcoin purchase. Game theory is spreading—Papua New Guinea is exploring a strategic BTC reserve.
Still, traders caution near-term consolidation or a pullback toward $118,851 support, with $122K as key resistance. The bulls, however, remain on offense.
Ethereum: The Market’s Star
Ethereum dominated today’s headlines, powering toward its 2021 peak amid what analysts call a “disbelief rally.” Traders are openly mapping paths to $5,210–$6,946, with some seeing $13K in the medium term. Standard Chartered hiked its year-end target to $7,500 and projected a long-term climb to $25,000 by 2028, citing ETF demand and corporate treasury adoption.
The flows are eye-catching: spot ETH ETFs saw another $524M in inflows after a record-breaking day, and BlackRock, Fidelity, and Grayscale reportedly bought $1B in ETH in a single day. Interest in buying ETH is up 1,900% globally. BitMine even revealed plans for a $20B ETH treasury.
On-chain, whales are active. Accumulators are scooping up ETH from traders selling into strength, while others take profits: one whale sold $88M in 15 hours, the Ethereum Foundation trimmed $12.7M, and an ICO-era investor who turned $6.2K into $86.6M moved coins to Kraken. Liquidations have topped $294M as leverage unwinds.
Altcoins: Risk-On Mood
Risk appetite spilled into the broader market. XRP surged on whale accumulation and optimism over its SEC battle, eyeing levels as high as $8 if momentum mirrors 2017. BNB approached record highs on corporate demand, while DOGE jumped 22% on a bull flag breakout and a rare golden cross. Solana reclaimed $200 with a 15% rally amid treasury accumulation. Still, a top-tier whale closing all longs raised some short-term caution flags.
ETFs & Exchanges
Ethereum ETFs remain the story: relentless inflows and price strength pushed ETH above $4,600.
Cardano ETF approval odds hit 80% for 2025, sparking an ADA rally.
Crypto exchange Bullish priced an upsized $1.1B IPO, joining a growing list of public crypto firms.
Vietnam announced plans for its first state-backed Bitcoin and crypto exchange—another national-level on-ramp to the market.
Voices
Mike Novogratz sees $1M BTC driven by macro liquidity and grassroots adoption. Samson Mow warns everything is trending to zero against Bitcoin, also pointing to $1M targets. Anthony Pompliano linked U.S. money printing to the same $1M level. Hal Finney’s legendary $10M BTC call from 2009 is getting fresh attention in the current bullish atmosphere.
Regulatory & Legal Moves
The U.S. seized $1M from the BlackSuit ransomware gang and took down related sites. In Estonia, the founders of HashFlare’s mining scam were sentenced to 16 months in prison.
Bottom Line: Bitcoin is setting the stage for a macro-driven push higher, but Ethereum owns the present moment—commanding inflows, price targets, and investor imagination. Altcoins are feeding off the risk-on tone, ETFs are driving structural demand, and global adoption stories keep stacking. Momentum, across the board, is with the bulls.
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