Bitcoin’s demands cools down while the “crypto capital is getting more selective,” Okx’s Gracie Lin warned Gracie Lin
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Bitcoin stands in Asia Thursday at $ 114,610 (+1.4%).
The CoinDesk 20.
OKX Singapore CEO Gracie Lin said in a note in CoinDesk that the rising ratio of the ETH/BTC shows the transfer of capital to Ether’s Kamag -child while combining Bitcoin.
“The crypto capital is getting more selective,” Lin told CoinDesk.
He emphasized that this is not a wide “altseason,” but a target transition to ETH as macro catalysts such as the Jackson Hole Conference and US Inflation Data Loom.
Fresh figures from the cryptoquant underline why the Bitcoin rally cooled. The apparent demand dropped from 174,000 BTC in July to 59,000 BTC today, while ETF flows have slowed their weakest since April, “the firm wrote in a recent report.
The extraction of income remains heavy, with whales that realize $ 2 billion in the gains on August 16 only, carrying a total realized income from July to $ 74 billion. Cryptoquant analysts are now classifying the market such as in a “bullish cooldown” phase, with a $ 110,000 -filed as an important level of support.
In a note in CoinDesk, Enflux analysts, a Singapore -based market manufacturer noted that retail enthusiasts for the altseason had fallen dramatically compared to last week, even with strategic bets such as BNB hunting all the time high and Hyperliquid’s operation of HyperLiquid operating.
“This indicates that the Altcoin market is no longer an equal trading with beta, as the macro convincing is developing, but more selective and concentrated, also on the institutional side,” the company said.
The result is a market that is less defined by the wide rallies and more by the selective winners, whose ETH sets the tone as the capital stays in crypto but moves with a sharp focus, favors the stability of the speculation.
Movers in the market
BTC: Bitcoin rose 1.4% to just above $ 114,000 while US stocks were slipped, and the Altcoins showed unusual elastic while BTC dominance was close to a six -month low.
Eth: Ether outperformed Bitcoin, climbing 5.8% while traders rotate the majors despite slowing down BTC demand.
Gold: The UBS raised the target price of gold to $ 3,600 per ounce in Q1 2026, citing the strongest bullion demand since 2011 driven by US MacRO risks, de-dollar, and heavy ETFs and the purchase of a central bank.
S&P 500: The NASDAQ fell 0.68% and the S&P 500 slipped 0.26% Wednesday while investors rotated in tech stocks in sectors such as energy, health care, and consumer staples leading the Jackson Hole Symposium of Fed’s.
