Jiang Zhuoer, founder of BTC.TOP, has shifted from a bearish to a bullish outlook on Ethereum, predicting it could outperform Bitcoin in the current market cycle. After closing short positions on ETH at a loss due to its rapid recovery, he now holds significant Ethereum and USDT, planning to invest more if Bitcoin dips or by October otherwise. Jiang's optimism is based on a strengthening ETH/BTC ratio, growing U.S. blockchain support, and increasing tokenization of assets, suggesting strong demand for Ethereum's smart-contract capabilities. He envisions a scenario where Bitcoin hits $200,000 and Ethereum reaches $20,000, reflecting a potential ETH/BTC ratio of 0.1, though he notes these are rough estimates.
Bitcoin surged from around $64,000 to nearly $79,500 last week, supported by $2.6 billion in inflows to US spot bitcoin and ether ETFs, the strongest since October 2025. Improved liquidity from US Treasury bond purchases and clearer crypto regulation...
Abraxas Capital, a London-based digital asset firm managing over $4 billion, has taken large short positions totaling around $783 million on Hyperliquid, including major tokens like ETH, Bitcoin, HYPE, and Solana. To hedge these short positions, the ...
Ethereum's MVRV ratio formed a golden cross on August 19, triggering a 34% price surge from $1,905 to $2,547. Whale wallets holding over 10,000 ETH increased by 1.74%, with 17 new large holders joining, indicating strong buying interest. Additionally...
Ethereum's price jumped 31% in a week, driven mainly by a massive 1,514% increase in short liquidations averaging $131 million weekly. This forced short covering boosted trading volumes and pushed network activity higher, with base fees up 189% and f...
Term Finance, a DeFi lending protocol on Ethereum, lost about $8.5 million after a hacker exploited its DAO governance system by buying a majority of governance tokens at low cost. This allowed the attacker to approve malicious proposals and drain 2,...
