The cryptocurrency market shows mixed signals with total capitalization down 5% to $4.03 trillion despite resilient institutional inflows. Bitcoin trades sideways between $118,000-$119,000, marking a 0.6% 24-hour decline, while Ethereum holds firmly above $3,700 support despite broader weakness.
Ethereum spot ETFs recorded their 17th consecutive day of inflows, accumulating $5.2 billion during this streak. Institutional demand remains robust with SharpLink Gaming purchasing 77,210 ETH ($295 million) over the weekend, bringing their total holdings to 438,017 ETH. Analysts now assign a 30% probability of ETH reaching $6,000 by December—quadruple early-July projections—with Derive.xyz noting ETH's implied volatility (60%) doubles Bitcoin's (30%), signaling a 'wilder ride' ahead.
Bitcoin sees sustained institutional interest despite recent whale movements, with US spot BTC ETFs adding $130.69 million on July 25. Tokyo-listed Metaplanet expanded its treasury by 780 BTC (total 17,132 BTC). Market analysts project 52% odds of BTC hitting $150,000 by year-end, with Ledn's John Glover forecasting a near-term surge to $132,000 before corrective pullbacks.
BNB notably outperformed, surging 6.6% to a new all-time high of $852. Market sentiment remains in 'greed' territory at 67 on the Fear & Greed Index, though trading volume dipped to $148 billion from recent $220 billion averages.