Crypto markets start the week with positive momentum, despite a decrease in trading volume. Leading tokens like Bitcoin and Ethereum maintain their positions.
Bitcoin and Ethereum Price Overview
As of today, Bitcoin (BTC) is trading around $114,400, staying within the $114K–$115K range after a minor pullback from last week’s $118K peak. Ethereum (ETH) price hovers near $3,540, holding its gains from a sharp July rally where it rose over 50%.
Market Sentiment: Cautious Optimism
Despite the pullback, SOL remains a key player in institutional interest and NFT activity. Cardano (ADA), currently hovering around $0.41, also faced mild downward pressure, dipping around 3%. Avalanche (AVAX) and Polkadot (DOT) followed similar trends with 3–4% declines. On the other hand, Toncoin (TON) bucks the trend, gaining over 5% driven by renewed developer activity.
Whale Activity & Liquidations Fuel to Ethereum’s Strength
While not the primary driver of price, whale activity has played a supporting role in recent price behavior. In the last 24 hours, large BTC and ETH withdrawals from centralized exchanges suggest accumulation rather than sell pressure. Over 486 BTC (~$57M) have been withdrawn from Kraken to private wallets, while ETH whales pulled 11,370 ETH ($40M) from exchanges, indicating long-term confidence. Derivatives data shows total crypto liquidations of $120M+ over the past day.
The crypto market remains cautiously bullish, buoyed by whale activity and rising assets. The resilience of Bitcoin and Ethereum, along with short liquidations, may signal potential growth, contingent on macroeconomic stability.
