ETH Near $4K, BNB Hits ATH

ETH Near $4K, BNB Hits ATH

Bitcoin’s price witnessed profit taking after nearing $120,000 levels in an area loaded with leveraged long positions—bets from traders anticipating the rally would continue.

The decline follows a wave of selling by Galaxy Digital on behalf of a Satoshi-era wallet, which has shaken investor confidence in aggressive long trades.

Last week a dormant wallet tied to early Bitcoin holders executed a massive over-the-counter (OTC) transaction of around 80,000 BTC, valued at approximately $9 billion.

Despite the scale, Bitcoin quickly rebounded, indicating that the trade was smoothly absorbed via institutional-grade OTC channels.

Market observers note that every price rally is facing strong selling pressure, fueling renewed speculation among traders and analysts about whether early adopters are losing confidence in Bitcoin’s long-term prospects—or if more dormant wallets may soon follow with similar large-scale sell-offs.

Crypto Market Update: Ethereum, BNB Surge as Total Market Cap Nears $4 Trillion

The crypto market continues its bullish momentum, with total capitalization climbing 1.6% to $3.97 trillion, inching closer to the $4 trillion milestone, led by Bitcoin’s dominance and strong institutional inflows.

Ethereum (ETH) Breaks Out

· ETH jumped 3%, surpassing $3,900, as CME futures open interest hit a record $7.85 billion, signaling growing institutional interest.

· BNB Hits All-Time High

· Binance Coin (BNB) surged 7%, reaching a new all-time high of $850.

· Major altcoins including XRP, SOL, LINK, DOGE, and TON posted gains of around 3%.

· PancakeSwap (CAKE), SPX6900, and Optimism (OP) each surged 12%.

· Institutional Activity Heats Up

· Spot Bitcoin ETF saw $72.3 million in weekly inflows.

· Spot Ethereum ETF recorded a massive $1.85 billion inflow—its strongest week yet.

· Metaplanet added 780 BTC for $92.5 million, increasing its holdings to 17,132 BTC.

· SharpLink Gaming boosted its Ethereum reserves by 77,210 ETH, now holding over 438,000 ETH worth approximately $1.69 billion.

Stablecoin Growth

Ethena’s USDe stablecoin attracted $2 billion in inflows, lifting its market cap beyond $7.3 billion. The ENA token gained 11.25% in the same period.

TRON Surpasses Cardano

TRON (TRX) overtook Cardano (ADA) to become the 9th largest crypto by market cap, with a 30% spike in trading volume to $1.64 billion.

Looking ahead, market participants expect rate cuts in Wednesday’s FOMC meet. Although market odds favor no rate cuts, historically, such cycles have often led to bullish momentum in Bitcoin and other cryptocurrencies. Traders should prepare for heightened volatility going forward.

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